Lesson 1: Informations Systems and You Flashcards
ICT
Information and Communication Technology
What does the ICT sector do?
Produce goods or services AND/OR
Supply technologies that:
- process,
- transmit, and
- display
data or information
The services sector is the fastest growing part of the industry (analyzing and implementing information systems)
- The closest related sector to the use of IS in Canada
- seen as a “hidden” industry
In 2016 ICT sector accounted for 4.4% of national GDP ($181 billion in revenue).
E.g.: percentages are the amount of companies out of ICT that are in that subsector
- software and computer services (89.2%)
- cable and other program distributors
- telecommunication services (3.3%)
- ICT manufacturing (2.5%)
- ICT wholesaling (5%)
Most companies have between 1-9 employees in this sector (86% of companies)
What are some emerging fields in ICT?
- Artificial intelligence
- quantum computing
- augmented reality
- virtual reality
- cybersecurity
- next generation networks
- semiconductors
IOT
Internet of Things
IS
Information Systems
A group of components that interact to produce information.
Not necessarily technology related! Could be the Dewey decimal system.
(used to foster innovation in organizations, and thus leads to higher paying jobs in this sector since you need a high level of skill in this industry)
What are the components of digital based IS?
- computer hardware,
- software,
- data,
- procedures, and
- people
MIS
Management Information System
Information systems that help businesses achieve their goals and objectives.
What are the three elements in MIS?
- development and use
- information systems
- goals and objectives
IT
Information Technology
The products, methods, inventions, and standards that are used for the purpose of producing information.
- raw technology concerning only hardware, software, and data components of an information system and how they are networked together
How is IS different from IT?
IS includes people and procedures, IT does not.
IT by itself will not help an organization achieve its goals and objectives. We need to embed IT within the IS in order to make proper use of IT.
What role do information and communication technologies have in our economy?
Huge role;
IS are unavoidable and the ICT sector is growing;
well paid jobs in ICT
How do successful business professionals use IS?
- consumers expect free, perfect, now, so business professionals use IS to help achieve those goals
- know how to use more advanced software such as:
1. project management software (Microsoft Project, Open Project)
2. business graphics (MS Visio, SmartDraw)
3. collaborative systems (Google Docs)
What fundamental changes can technology bring to an economy, organization, or individual?
- humans may not be needed if technology takes over ? Not really, but an idea that business students must be able to understand
- organizations have to adapt faster than before since technology is changing so quickly
- individuals have to be able to process a lot of data since their phones are on them at all times
Five-component framework
The five fundamental components of a computerized information system
1. computer hardware,
2. software,
3. data,
4. procedures, and
5. people
—that are present in every information system, from the simplest to the most complex.
- linked through networks in order to make information more accessible and powerful
- many systems use the Internet to eliminate the effect of distance for example
computer hardware
One of the five fundamental components of an information system.
Not all the tangible or physical aspects of a computer system.
It is the electronic components and associated gadgetry that constitute a computer system.
E.g.: tablets, computers, smartphones
Sometimes specific hardware is required in order to access some computer systems
