ISA 235 Exam 1 Key Terms - Miami University

ut human intervention Knowledge - answerSkills, experience, and expertise coupled with information and intelligence that creates a person's intellectual resources Data - answerraw facts that describe the characteristics of an event of object Porter's 5 Forces model - answercompetitive forces within the environment to assess potential profitability; Threat of Substitution, Supplier Power, Threat of New Entrants, Buyer Power Business Intelligence (BI) - answerinformation collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyze patterns, trends, and relationships for strategic decision making System - answera collection of parts that link to achieve a common purpose Chief Information Officer (CIO) - answerresponsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives Information - answerdata converted into a meaningful and useful context Analytics - answerthe science of fact-based decision making Systems Thinking - answera way of monitoring the entire system by viewing multiple inputs being processes or transformed to produc