Midterm 1 Flashcards
(125 cards)
What is an information system
- An information system (IS) is a group of components
that interact to produce information - Five fundamental components of computer-based
information systems are: Hardware, software, data, people, procedures
Information Systems are more than just computers
and software.
§ IS combine the people and procedures they use to
make technology work for business.
what are the characteristics of the five components of IS?
Hardware and programs are on the data side, procedures and people are on the human side and date is the bridge between the two sides
Programs and procedures are instructions while people and hardware are actors
To the left automation works to move work from human to computer side and towards the right has an increasing level of difficulty
What is MIS
MIS = Management Information Systems
- MIS is the development and use of information
systems to help businesses achieve goals and
objectives - Key terms:
§ Development and use § Information systems
§ Business goals and objectives
How does IS differ from IT
Information system (IS) is a system of hardware,
software, data, procedures, and people that produce
information
- Information technology (IT) represents raw
technology components of IS
§ Hardware
§ Software
§ Data structure and components
In other words, inventions, standards, products!
How does IT fit within IS
- IT alone will not help an organization achieve goals
- IT must be embedded into an IS to help accomplish
objectives
§ Technology must be combined with people and procedures to be useful
Is the world now “flat” with internet and global
communication? and what challenges does this provide for us
▪ Reduced economic advantages of
developed countries
▪ Compete for jobs markets, resources and
even ideas from less developed world
▪ Develop high-level skills through education
▪ On-the-job experience that cannot be
What is a digital firm
- NOT about just adding a computer
system to the mix. Then what is it? - information technology as the “core of
the business” and the primary
management tool - IS allows the firm to response more
rapidly to changes in their environment
and thus survives in turbulent times - It allows “time-shifting” and “space-
shifting”
How do you plan to acquire and use IS
▪ Understand how they are created (and cost)
▪ Take an active role in order to insure that system will
meet your and your users’ needs
▪ Determine how to best use the system
▪ Take into account other functions necessary to keep
the system running:
Security, backup and recovery
What are the six strategic business objectives
Operational excellence
New products, services and business models
Customer and Supplier Intimacy
Improved decision making
Competitive advantage
Survival
What is operational excellence
improve the efficiency of their operations in
order to achieve higher profitability
* coupled with changes in business practices
and management behavior
what is New products, services, and business
models
- a major enabling tool for firms to create new
products and services, as well as entirely
new business models, e.g. Apple Inc. - business model describes how a company
produces, delivers, and sells a product or
service to create wealth
What is customer and supplier intimacy
- Wal-Mart digitally links their suppliers to everyone of
Wal-Mart’s 5,289 stores worldwide. Suppliers are able to ensure the continuous flow of products to the stores in order to satisfy customer demands - Mandarin Oriental uses computers to keep track of
guests preferences such as room temperature, frequently dialed number, TV channels etc. The digital profile is stored in a central database and be used all over the world
What is improved decision making
- The inability to make informed decision
resulted in raising costs and lost customers - use real-time, accurate data from the
marketplace
What is competitive advantage
- Doing things better than your competitors,
charging less for superior products, and responding to customers and suppliers in real time - Toyota Production System
What is survival
- Information systems is not a luxury, they
are necessities of doing business. Example: Citibank was the first banking firm to introduce ATMs - Regulations changed - turn to information systems and technologies in order to comply with the new requirements
Explain the interdependence between organizations and information technology
Hardware data management and telecommunications form software which works with businesses to help them achieve their strategic objectives through businesses processes using IT
what was the percentage of GDP ICT accounted for in 2019
4.8% (94.9 billion)
What is the gap between business leaders and IT leaders
Business leaders are strong at business but weak at IT and IT leaders are expert at IT but novice at business. we must bridge that gap
What is IT’s impact nowadays on organizations
- Allowed the individual to compete with the
corporation: iStockPhoto - Changed music delivery: success of streaming
services such as Spotify and Apple Music and impact
on buying music. - Disrupting the Taxi industry with Uber and Lyft
- How about impact on newsprint, textbook publishing,
traditional software sales, desktop computers, need
for increased customer service, “customized”
manufacturing, and much, much more.
Explain Moore’s law with respect to increasing rate of tech
- “The number of transistors per square inch on an
integrated chip doubles every 18 months.”
▪ The speed of a computer chip doubles every 18
months
▪ Price/performance ratio of computers has fallen dramatically - Computers are smaller * Computers are less expensive
What id disruptive tech
a new technology that changes or transforms the industry
what is data
recorded facts or figures
not meaningful on their own and requires context
What is information
- Information is data with a meaning!
– It is the central focus of information systems
– It is used and created by activities
– Business processes create, process and store information
– “Information Systems” support business processes by automating or
facilitating the creation, processing, and storage of information - The concept of Information can be difficult to define
– Data presented in a meaningful context
– Processed data
– Data processed by summing, ordering, averaging, grouping, comparing, or
other similar operations – A difference that makes a difference
explain perspectives on information systems
data combines with info to form an information system which provides value
Raw data from a supermarket checkout counter can be processed and organized to produce meaningful information, such as the total unit sales of dish detergent or the total sales revenue from dish detergent for a specific store or sales territory.