The technology and information factor Flashcards
Range of purposes for which orgs require information-role of IS in an org
- Recording transactions(eg:evidence if there s a dispute,legal requirement,better assessment of profitability)
- Decision making(make informed decisions-use of internal -external info by IS)
- Planning(knowledge of rexources,time-scales,outcome under altern scenar)
- Performance measurement(comparisons against budget or plan-collection ,analysis,presentation)
- Control-(whether preceeding as expected-control outcomes of a plan)
Turning data to information process:
- Data: raw unprocessed facts and figures.
- Information :data processed in a way it makes it meaningful for planning.
- Gathering data from int -ext sources
- Examine and filter
- Compare against benchmarks(act vs budget)
- Interpretation (why there are discrepancies)
- Info distributed
Internal data info:
- Accounting records-great value outside of acc dpt
- Personel records-payroll but also project costing
- Production data-machine capacity,fuel consumption,movement of people,materials,WIP,set up times,maint requirem ect
- Time sheets-notably accountants and solicitors,fees to clients,efficiecy ,profitability
External data info,Fomal collection of data from sources outside/environmental scanning:
- PEST factors
- Competitors -successful,new prod
- Customers-needs,potential market
- Suppliers-price,quality,new suppliers
Fomal collection of data from sources outside:
- Tax specialists -changes in tax law
- Legal experts,comp secretary-empl regulations,health and safety at work
- R&D-other research already done
- Marketing managers:opinions and buying attitudes.
- Environmental scanning:Gathering extern data frome wide range of sources.
Informal data/human capital/structure capital:
- Informal gatherining continuous:employees learn what is going on in the world around them(magazines,newspapers,ect)
- Human capital:Knowledge skills experience developed by staff
- Structural capital:assets such as patents ,client lists
The qualities of info:
ACCURATE:
- Acccurate-no typos,figures shoul ad on,reliable
- Complete-consistent to allow comparisons
- Cost-effective
- Understandable-easy to read,well presented
- Relevant-omit if irrelevant,all significant inluded
- Accessible-appropriate choice of medium
- Timely-available when it is needed
- Easy to use-format easy to use or pass on as required
!Difference between IS and IT:
IS:A general concept that refers to people,data,activities both computer based and manual taht effectively gather,process,store and disseminate info.Most rely on ICT .
IS VS IT:
IS-Provides mgt info that assists business operations
IT-underlying hardware equipment that the system is built on
Different levels-different types of IS:
- Strategic:help senior mgrs with long term planning,long term,covers whole of org,high uncertainty/subject ,accuracy less critical eg:KPI s,ad hoc market analysis,startegic plans
- Mgt or tactical:Help middle mgrs monitor and control,short to medium tim efocus,covers dpt or function,Moderate uncertainty,accuracy:moderate level eg:variance analysis,except reports
- Operational: process ops and help operational mgrs to trach day2day act ,immediate time focus,specific activities covered,low uncertainty,high accuracy eg: daily receipts and payments,real time production data,debtors and creditors
1.
TPS or DPS:
Transaction processing systems,Data proc syst:
- Used for routine tasks ;
Major application systems:
- Sales/mkt:
- sales order info system
- Market research system
- Pricing system
- Manuf /prod systems:
- Materials resource planning
- PO control
- Engineering
- Quality control
- Finance account systems:
- GL
- AR ,AP
- Budgeting
- Funds Mgt
- HR systems
- Payroll
- Empl records
- Empl benefits
- Career path systems
5.
MIS:
- Mainly internal sources of info
- Managers to make timely and effective decisions for planning , directing and controlling the activities for which they are responsible.
- Provides regular reports and access to current and past perf
- Transforms data from TPS to summarised files
Characteristics:
- Support structured decisions at operational and mgt control levels
- Design to report on existing operations
- Little analytical capabilities
- Inflexible
- Internal focus
ESS or EIS:
- Pools data from internal and external sources and makes info available to senior mgrs in an easy to use form .
- Helps them to make strategic,unstructured decisions
Features:
- Flexibility
- Quick response time
- Sophisticated data analysis and modelling tools
DSS(decision support systems):
- Data and analytical models or data analysis tools semi -structured and unstructured decision making .
- Assist mgrs in decision making when there is high uncertainty
- Range of alternatice info and analytical tools with emphasis upon flexibility and user friendliness
- More analytical power than other alternatives,variety of potential conditions
Knowledge work systems (KWS)
- Facilitates teh creationa and integration of new knowledge into an org
- Knowledge workers:jobs involve priimarily creation of new knowledge
KWS helps knowledge workers create new knowledge and expertise eg
- CAD
- CAM
- Specialised financial software that analyses trading situations
Office automation systems(OAS)
- Supports major activities in a typical office such as document mgt,facilitating communications and managing data
Expert systems:
- Form of DSS
- Allows users benefit from expert knowledge and info
- Consists of a database holding specialised data and rules about what to do in ,how to interpret ,a given set of circumstances
Eg loan aplications
- Check the facts
- Perform calculations
- Match up other criteria
Business apps of ES:
- Legal advice
- Tax advice
- Forecasting
- Surveillance (number of customers entering in a supermarket-how many new check outs)
- Diagnostic systems
- Project mgt
- Educationa /training