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c724
information systems management vocab
| Question | Answer |
|---|---|
| Knowledge Management Systems (KMS) | (KMS): These systems help organizations manage and share knowledge effectively. |
| Decision Support Systems (DSS):Decision-support systems serve the management level of organizations and are used for complex "what-if" questions that require internal and external data. | (DSS): Decisions at the upper management level are mostly semi-structured so the information system must respond to the unique requirements of the executives. |
| Transaction Processing Systems (TPS): | (TPS): These systems handle day-to-day business transactions, such as order processing and inventory management. |
| Office Automation Systems (OAS): | (OAS): These systems support office tasks and improve productivity through automation. |
| Management Information Systems (MIS):to help direct, plan, coordinate, communicate, and make decisions. | (MIS): will help answer structured questions such as the status of production, financial trends and budget, or the amount of needed supplies to produce a product. |
| Executive Information Systems (EIS): | (EIS): These systems provide top executives with easy access to internal and external information relevant to their strategic goals. |
| What Is an Information System? | An information system goes beyond the typical technology components and can be defined as unified components that come together to collect, store, process, and transmit data and information. |
| Career Opportunities and Information Systems | career options include systems analyst, database administrator, IT project manager, chief information officer, and IT consultant. |
| Enterprise systems (enterprise resource planning (ERP) systems) | ERP supply chain management systems (SCMs), customer relationship management (CRM), and knowledge management systems (KMSs) are the four most popular enterprise applications. |
| What Is Collaboration ? | Collaboration is working with others to achieve shared and explicit goals. |
| The Information Systems Department | The information systems department is a formal unit within the organization, is responsible for managing the various systems and IT services, as well as maintaining the IT infrastructure, such as hardware, software, networks, and data storage. |
| artificial intelligence (AI) and machine learning: | AI and machine learning are enabling businesses to automate tasks, predict trends, and make data-driven decisions. They enhance customer experiences through tailored interactions and improve operational efficiency by optimizing processes. |
| Internet of Things (IoT): | IoT connects physical devices to the internet, allowing businesses to gather real-time data. This data is used to monitor equipment, track inventory, and improve supply chain management, ultimately enhancing overall efficiency and productivity. |
| blockchain: | Blockchain technology ensures secure, transparent, and ideally tamper-proof transactions. It is transforming industries like finance and supply chain management by providing a decentralized and trustworthy system for recording and verifying transactions. |
| cloud computing: | Cloud technology allows businesses to store and access data and deploy applications remotely. It enhances collaboration, scalability, and cost-effectiveness, enabling organizations to focus on innovation rather than infrastructure management. |
| data analytics: | Emerging technologies are facilitating the processing and analysis of massive datasets. Businesses are using big data analytics to gain insights into customer behavior, market trends, and operational performance. |
| robotics and automation: | Robotics are being employed for tasks like warehouse automation, manufacturing, and even customer service. Automation technologies improve accuracy and speed and reduce the need for human intervention in repetitive processes. |
| quantum computing: | still in its early stages, quantum computing has the potential to revolutionize complex data analysis, cryptography, and optimization problems, leading to breakthroughs in various industries. |
| cybersecurity solutions: | With the increasing reliance on technology, cybersecurity solutions, including defending against threats from the cyber realm like hacking and phishing, are essential to protecting businesses from cyber threats and data breaches. |
| Aligning IT with Business Objectives | One of the biggest oversights businesses make is implementing technology solutions that do not align with the business objectives. |
| What is IT infrastructure | An IT infrastructure includes investment in hardware, software, and services—such as consulting, education, and training—that are shared across the entire firm or across entire business units in the firm. |
| There have been five stages in this evolution, each representing a different configuration of computing power and infrastructure elements | The five eras are general-purpose mainframe and minicomputer computing, personal computers, client/server networks, enterprise computing, and cloud and mobile computing. |
| Moore’s Law and Microprocessing Power | Assertion that the number of components on a chip doubles each year. |
| What are the 7 components of IT infrastructure? These components constitute investments that must be coordinated with one another to provide the firm with a coherent infrastructure. | seven vital components are hardware platforms, enterprise and software platforms, operating system platforms, data storage management, network and telecommunication platforms, internet platforms, and customer and system integration services. |
| What is the impact of information systems on organizations? | Information systems have become integral, online, interactive tools deeply involved in the min.-to-min ops and decision making of large orgs. have fundamentally altered the econ of organizations and greatly increased the possibilities for organizing work. |
| Economic Impacts of information systems | IT changes both the relative costs of capital and the costs of information. Information systems technology can be viewed as a factor of production that can be substituted for traditional capital and labor. |
| Economic Advantages of Upgrading Information Systems | Organizations use information systems to minimize costs by potentially reducing the need for physical assets, manual processes, and even certain roles within the workforce. |
| Economic Disadvantages of Upgrading Information Systems | Implementing an ill-fitting system can lead to workforce frustrations, decreased morale, and reluctance or outright resistance to change. This can hinder productivity. |
| Internet's Role in Enhancing Organizational Information Systems | The internet significantly boost org. information systems, facilitating efficiency in various sectors. In communication management, tools such as emails, chats, and collaborative platforms foster prompt and effective internal and external interactions. |
| What Is Social Business? | Social business is the use of internal and external social networking platforms to engage employees, customers, and suppliers. |
| Executive Support System (ESS)—Strategic Level An executive support system allows executive managers at Energy Corporation to make strategic decisions affecting the entire company. | ESS-These decisions use internal and external data to give executives the information they need to determine the proper course of action in unstructured situations. |
| Computer hardware is the physical equipment used for input, processing, and output activities in an information system. It consists of the following: | computer hardware-computers of various sizes and shapes (including mobile handheld devices); various input, output, and storage devices; and telecommunications devices that link computers together. |
| Computer software consists of the detailed, preprogrammed instructions that control and coordinate the computer hardware components in an information system. | Computer software consists of the detailed, preprogrammed instructions that control and coordinate the computer hardware components in an information system. |
| Data management technology consists of the software governing the organization of data on physical storage media | Data management technology consists of the software governing the organization of data on physical storage media |
| A network links two or more computers to share data or resources, such as a printer. | A network links two or more computers to share data or resources, such as a printer. |
| Internet-The world’s largest and most widely used network is the Internet. The Internet is a global “network of networks” that uses universal standards to connect millions of networks in more than 230 countries around the world. | Internet-The world’s largest and most widely used network is the Internet. The Internet is a global “network of networks” that uses universal standards to connect millions of networks in more than 230 countries around the world. |
| Internal corporate networks based on Internet technology are called intranets. | Internal corporate networks based on Internet technology are called intranets. |
| Private intranets extended to authorized users outside the organization are called extranets | Private intranets extended to authorized users outside the organization are called extranets |
| The World Wide Web is a service provided by the Internet that uses universally accepted standards for storing, retrieving, formatting, and displaying information in a page format on the Internet. | The World Wide Web is a service provided by the Internet that uses universally accepted standards for storing, retrieving, formatting, and displaying information in a page format on the Internet. |
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chawk69