ISM 3013 Chapter 1

4 Key skills

Abstract reasoning system thinking collaboration ability to experiment

What are the 3 main challenges with quality of data?

1. Accuracy 2. Timelessness 3. Relevance

What are the components of an information system (five component frame work )

Computer Hardware, Software, Databases, Networks, Procedures and userws

What are the core drivers of the information age?

DATA INFORMATION KNOWLEDGE

What is information?

Data convereted into meaning and useful context

T/F: Information systems can interact effectively in but not out of an organization

False - it can interact in and out

What is the main challeges in the information age?

How do you get your data? Then how do you put the data into useful information ? and how to take that information and turn it into knowledge?

What is Data?

Individual pieces of information that are usually a collection of numbers and characters that can be represented in a structure that is tabular (Excell & Access)

IS Formula

Information System = Information Tech + Procedures + People

IT drives the development of ________

New Information Systems

information technology

Products, methods, inventions and standards that are used for the purpose of producing information

When does data become information?

When you compile the data into something more useful, then you can present it in an appealing mannor

What is the MAJOR difference in IS and IT?

YOU CANT BUY IS

collaboration

a group of people working together to fit a common goal

Abstract reasoning

ability to make and manipulate models

system thinking

ability to model a comparison of they system, to connect the inputs and outputs of those components into a sensible whole that reflects the structure and dynamics of the phenomenon observed

Information Systems

collects, processes, stores, analyzes and disseminates information for a specific purpose

What is : Raw facts that describe characteristics of an event or object

data

Data is the basic building blocks for

information

Knowledge

internalizing information into skills, experience, and experise

ability to experiment

making a reasonable analysis of en opportunity, envisioning potential solutions, evaluating those possibilities and developing the most promising ones, with the resources given

What could be raw data in one context could be ______ data in another context.

processed

Management information systems (MIS)

the management and use of information systems that help organizations achieve there strategies