MIS 311 Exam 1

Management Information Systems (MIS) A business function, like accounting and human resources, which moves information about people, products, and processes across the company to facilitate decision-making and problem-solving Information Technology (IT) Any computer-based tool that people use to work with information and support the information and information-processing needs of an organization data Facts and statistics collected together for reference or analysis information Data converted into a meaningful and useful context business intelligence Information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making knowledge Skills, experience, and expertise coupled with information and intelligence that creates a person's intellectual resources big data a broad term for datasets so large or complex that traditional data processing applications are inadequate. Internet of Things (IoT) a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention Machine to Machine (M2M) refers to devices that connect directly to other devices structured data Data that (1) are typically numeric or categorical; (2) can be organized and formatted in a way that is easy for computers to read, organize, and understand; and (3) can be inserted into a database in a seamless fashion. unstructured data nonnumeric information that is typically formatted in a way that is meant for human eyes and not easily understood by computers