Chapter 1 - Intro to MIS
SaaS
:
Management Information System
: A combination of computers and people that is used to provide information to aid in making decisions and managing a firm
Knowledge
: Skills, experience, and expertise coupled with information and intelligence that creates a person's intellectual resources
Transaction processing system
: a system that records transactions - input devices include keyboard, bar code readers, voice recognition - most widely used ISs
Information System (IS)
: all components that work together to process and produce information - automate information exchange among subsystems
E-commerce
: buying selling goods and services through Internet
Decision Process
: collect data, identify problems & opportunities, make decision
Database
: collection of electronic records
Decision Support Systems (DSSs)
: support decision making - Relies in models to produce tables - Extrapolates data to predict outcomes - Helps answer "What if" questions
Expert Systems (ESs)
: supports knowledge intensive decision making - Uses artificial intelligence techniques - Preserve intelligence of retiring experts
E- business
: using internet technologies to conduct any level of business
Information
:Data converted into a meaningful and useful context. Usually to help make decissions
data
:Raw facts that describe the characteristics of an event or object -Can be number statement, or picture -Is the raw material in the production of information
