Midterm Flashcards
Information
Data that has been organized to have meeting to the recipient eg GPA
Data
Elementary description of things
Knowledge
Data or information that has been organized and processed to convey understand eg. Hiring students with GPA only over 3.5
CBIS
Computer based informational system
Uses computer technology to perform some or all of it’s intended tasks
App
Computer program designed to support a specific task or business process
BI
Business intelligence
Provides computer based support for complex non routine decisions particularly for middle managers and knowledge workers
IS
Information system
Local lefts processes store analyzes and disseminates information for a specific purpose
ESs
Expert systems- attempt to duplicate the work of human experts by apying reasoning capabilities knowledge and expertise within a specific domain
FAISs
Functional area info systems
Support a particular functional area within the organization
ERP
Enterprise resource planning systems
ISs that correct a lack of communication among the FAISa by tightly integrating functional area ISs via a common database
IT infrastructure
IT components plus IT services
Informed user
A person knowledgable about info systems and info technology
Knowledge workers
Lawyers engineers accountants etc people who create information and knowledge in their field which they integrate into their business
OASs
Office automation systems
Typically support clerical staff, lower and middle managers, knowledge workers to develop documdnts schedule resources and communicate
TPS
Transaction processing system
Supports the monitoring,collection, storage and processing of data from the organizations basic business transactions each of which generates data
Three types of business pressures
Market pressure, technology pressures, societal legal political pressures
Five competitve forces by porter
Threat of new competitors, bargaining power of supiers, bargaining power of customers, threat of substitute products or services, rivalry among existing firms in the industry
Five strategies to combat five competitve forces to achieve competitve advantage
Cost leadership strategy, differentiation strategy, innovation strategy, operational effectiveness strategy, customer orientation strategy
Alignment
Integration of IT with the strategy mission and goals of the organization
Six characteristics of effective alignment
- view it as engine of information that transforms the business
- view customers and customer service as supremely important
- rotate business and it professionals across departments and job functions
- provide clear overarching goals for all employees
- ensure that it emotes understands how company makes or loses money
- create a vibrant and inclusive community culture
Competitive forces model
Business framework devised by Michael porter that analyzes competitiveness by recognizing five major forces that could endanger a company’s position
Digital divide
Gap between those who have acess to informations and communications technology and those who don’t
Entry barrier
Product or service feature that customers expect from organizations in a certain industry - an organization trying to enter this market must provide this product or service at a minimum to be able to compete
SISs
Strategic information systems
Help organization gain a competitve advantage by supporting it’s strategic goals and or increasing performance and productivity
Value chain model
Shows the primary activities that sequentially add value to the profit margin -also shows the support activities
Three different ways that organizations use BI
Developments if a few related BI applications
Development of infrastructure to support enterprise wide BI
Support for organizational transformation
ROI
Return in jnvestment