ITAB

Economical

The cost of obtaining information.

Establish Alliances

Two or more organization combining services.

Hardware

A computer and its peripheral equipment.

Geographic Information System

A database that contains data about part of a city, a country, a state, or even the entire world. (Google Maps, Waze, and other uses especially for agriculture)

Information Technology

A term that refers to all technologies that collectively facilitate construction and maintenance of information system.

Bleeding Edge

Business owners must develop new features to keep the system on the leading edge & Adopting a new technology involves great risk & No experience from which to learn &No guarantee technology will work or customers and employees will welcome it.

By creating new opportunities.

Business strategy is a plan to outperform competitors by?

Explicit

Charge customer for switching (early termination of contract).

Data vs. Information

Do not mean the same thing.

Manufacturing, Service, New Business and Government

Enumerate 4 Other Information Systems in Different Business Sectors

Relevant, Complete, Accurate, Current and Economical

Enumerate 5 Characteristic of Useful Information

Input, Process, Output and Storage

Enumerate Four Stages of Processing

Data, Hardware, Software, Telecommunication, People and Procedure

Enumerate the 6 Components of Information System

Accurate

Erroneous information may lead to disastrous decisions.

Establish High Switching Costs

Explicit and Implicit

Telecommunication

Hardware and software that facilitates transmission in the form of electronic data

Create New Products and Services

Having unique product or services.

People

IS Professionals and users.

IT

IT can change the way businesses compete.

Information Systems

In Business, people and organization seek information specifically for the purpose of sound decision making and problem solving - two closely related practices that form foundation of every successful company.

Expert Systems

Incorporation of human expertise to a computer system that emulates our decision making. - AI

Implicit

Indirect costs over period of time, such as implementation of new product that does the same job as the old.

Management Information Systems

Information System for planning, control, decision-making, and problem solving.

Relevant

Information must pertain to the problem at hand.

Data

Input to produce Information

Output

Is the information an IS produces and displays in the format most useful to an organization.

Re-engineering

Is to achieve efficiency leaps of 100 percent or even higher.

The Web

It has enticed thousands of businesses to become involved in commercial, social, and education initiatives.

The Internet

It spawned huge surge in business-to-business and business-to-customer electronic trade, now every individual and small businesses can afford to use a network for business.

Group Decision Support Systems

It takes the optimal course of actions, gather detailed data and information to help middle/senior managers make decisions.

Raise Barriers to Entrants

Less competition is better & obtain copyrights and patents on invention, techniques and services.

Input

Most data an organization uses as _________ are generated and collected within the organization.

Current

Must be based on the latest information available.

SIS conditions

Must be serving an organizational goal & The unit must be working with the managers of the other functional units

Storage

One of the greatest benefits of using computers is their ability to store a vast amounts of data and information. (Internal and External)

Lock in Suppliers or Buyers

Organizations can achieve competitive advantage if they are powerful to do this into their mode of operation or buyers to their product & Accomplished by bargaining power

Complete

Partial information is often worse than no information.

Differentiate Products and Services

Persuading customers that your product is better than competitors', Advertising & Develop new IT features to differentiate product/service

Strategy - Strategic Advantage

Plan to gain advantage over enemy.

Marketing

The system identify trends in the demand for the company's products and services

On-demand Output

Reports or the output part of MIS.

Procedures

Rules to achieve optimal and secure operations in data processing.

Potentially-winning business move & How to harness IT to implement that move

SIS embodies two types of ideas

Software

Set of instructions on how to take in, process, display and how to store data and information

PBSBELL

Steps involved in SIS planning

closed, open

System are _________ or _________, depending upon the nature of information that flows within an organization.

Synergy

The combination of strengths of machine with human creates?

Processing

The computer's speed and accuracy let organizations process millions of pieces of data in several seconds; in the past, such quantities of data could not have been processed quickly enough to be meaningful.

Input

The first step in producing information is collecting and introducing data into the IS, known as?

E-Commerce

The intersection of IT and business is?

Human Resource management systems

These help mainly in record keeping and employee evaluation. Every organization must maintain accurate employee records.

Executive Information Systems/Executive Support System

To help high ranking officers/executives direct an organization to focus on long range strategic plan.

Enhance Products or Services

To increase value to customer.

Reduce cost

To lower price & using of Web to automate customer service.

Strategy - Strategic Advantage

Using strategy to maximize its strengths, resulting in a competitive advantage.

Finance

While accounting systems focus on recording and reporting financial changes and states, the purpose of financial systems is to facilitate financial planning and business transactions. In finance, information systems help organize budgets, manage cash flow, analyze investments, and make decisions that could reduce interest payments and increase revenues from financial transactions.

Marketing

________________ purpose is to pinpoint the people what they're most likely to purchase of what the organization sells and to promote the appropriate products and services to those people.

Human-computer combinations

allows results of human thoughts to be translated into efficient processing of large amounts of data.

Information systems

are a means of organization renewal.

Information systems

are necessary investment in technologies that help a company adopt strategies and business processes that can reinvent itself in order to survive and succeed in today's dynamic business environment.

Closed system

are stand alone, with no connection to another system: nothing flows in from another system: nothing flows out to another system.

Data

are the raw materials in the production of Information.

Information systems

are vital competitive network.

A system consists of subsystems

components of a larger system - with sub goals, all contributing to meeting the main goal.

Subsystems

can receive input from, and transfer output to, other systems or subsystems.

Accounting ISs

contain controls to ascertain adherence to standards, such as double entry.

Accounting

information systems help record business transactions, produce periodic financial statements, and create reports required by law, such as balance sheets and profit-and-loss statements. They also help create reports that may not be required by law but help managers understand changes in an organization's finances.

Open system

interfaces and interacts with other systems.

The Internet

is a vast network of computers connected across the globe that can share both information and processing. The Web is capable of displaying text but also graphics, sounds, and moving images. The Web has enticed thousands of businesses to become involved in commercial, social, and education initiatives.

System

is an array of components that works together to achieve a common goal, or multiple goals.

The Web

is capable of displaying text but also graphics, sounds, and moving images.

Technology

is no longer an afterthought in forming business strategy, but the actual cause and driver.

E-commerce

is restricted only to business-to-business activities because of the large distances operation and causes a lot of money in using private/third party networks.

Human resource management systems

maintain such records, including employees' pictures, employee status and tax information, and other data that other systems such as payroll may use.

SIS

must be a part of the overall organizational strategic plan

Top management

must be involved from initial consideration through development and implementation

First mover

organization that is first to offer a new product or service.

Transaction Processing Systems

predominant function is to record data collected at the boundaries of organizations, in other words, at the point where the organization transacts business with other parties. (ATM, POS, etc..)