Quiz 1 Flashcards
What is the purpose of an Information System?
To provide accurate, timely and useful information
What are the 5 parts of an Information System?
1) People
2) Procedures
3) Software
4) Hardware
5) Data
Systems Thinking
Ability to break down a large problem into smaller chunks to solve the problem
Can you buy information systems?
No, you can only buy IT
Can you buy information technology?
Yes, in the form of hardware, databases, etc.
How do Information Systems aid the Decision-Making Process?
- improve productivity
- monitor organizational performance
- planning and decision making
- enhance competitive advantage
Data vs. Information
Data = streams of raw facts Info = data shaped into meaningful form
3 core activities of information systems
1) Input
2) Processing
3) Output
Feedback
Output returned to appropriate members of organization to help evaluate or correct input stage
Management Information Systems
Study of People, Technology & Organizations
Analytics
Tools & Techniques for Data-Driven Decision Making
Socio-Technical View of Information Systems
Includes issues and insights contributed from technical and behavioral disciplines
Technical Approach
- Emphasizes mathematically based models
- Computer science, management science, operations research
Behavioral Approach
- Behavioral issues (strategic business integration, implementation, etc.)
- Psychology, Economics, Sociology
Social Media
- applications that build on the ideological and technological foundations of Web 2.0
- allow the creation and exchange of User Generated Content
Web 2.0
- continually-updated service
- consuming and remixing data from multiple sources
- creating network effects through an architecture of participation
User-Generated Content
Various forms of media content that are publicly available and created by end-users
3 basic requirements for User-Generated Content
- needs to be published where people can assess it
- needs to show creative effort
- needs to have been created outside of professional routines and practices
Characteristics of Web 2.0 (5)
1) ability to tap into the collective intelligence of users
2) Data is made available in new or never-intended ways
3) Relies on user-generated and user-controlled content and data
4) Lightweight programming techniques and tools let nearly anyone act as a Web site developer
5) Application can be designed quickly to meet changing needs
Social Media - Implications for Business (3)
1) Reach out and engage with customers, prospects, partners, and your network
2) Create opportunity by communicating and sharing information
3) Manage your reputation and discover new business through monitoring information