Introduction to IS Flashcards
Name the strategic business objetives of an IS.
Excellence Operational- High efficiency and productivity;
New products;
Shorten the gap between the company and suppliers/the company and customers;
Improve Decision Making;
Seek Competitive Advantage;
Maintain Position in the Market.
Explain the management dimension of IS.
Managers should respond to business challenges and act creativetly when creating new products and improve their thecniques along the time.
What’s the Moore’s Law?
The number of components on a chip with the smallest manufacturing costs per component doubles each year.
Why should all companies have an IS?
Information is a key factor in managing, in decision making and analysis and it can also benefit companies’ reputation in the market since they are always aware of what their consumers want and need, meaning they will also benefit in the creation of new products.
How does an IS work?
It collects raw data, the input, and then processes this data to more useful infomations, the processing, then all that information is sent to the people that will benefit from it, the output, and then the system analysis if weather it was sent to the right people or not, the feedback, improving the operation of the IS.
Explain the organization dimension of IS.
Responsability changes, the higher the management more responsabilities you have so you should use different IS between them, the bussiness should be seperated by function/departments and they should use different IS based on their necessities, and the business processes, culture and politics must be taken in consideration when choosing what IS to adopt.
What are the dimensions of IS?
Organizations, management and technologies.
Explain the technology dimension of IS.
All the technologies in a business as well as their IT infrastructures should take an important role in the decision of what IS to adopt.
What’s an IS?
Interrelated components that manage information to support decision making and help with analysis.
Difference between data and information?
Data is raw facts such as numbers for example, information is what you transform data in, for example how much did a company spend on january.
What are the 5 main components of an IS?
Hardware (computers and peripherals), software (programmes that enable the hardwares to process information), people (who work with the IS), data and networks (attatchment system that allows sharing of the information collected between multiple hardwares and consequently people)
