Lecture 1

Question 1

Information technology

Answer 1

All digital tools we use to collect, store, process, and share information (e.g., computers, servers, internet, etc.)

Question 2

Information sytems

Answer 2

Systems that combine technology, people and processes to manage and use information in an organization.

→ Helps organizations to be more efficient and effecitve because information is available at the right time for the right people.

Question 3

Invention

Answer 3

The creation of a new thing or ability for the first time.

Developing a new product, technology or method that didn’t exist before.

Question 4

Innovation

Answer 4

Using an invention to create value through economic/social impact by changing behaviors, interactions, processes, etc.

When an invention reaches the stage of market entry.