IS 301 Lecture 11 Exam Questions and Correct
Answers.
Core drivers
data, information, business intelligence, knowledge
data
lowest level of detail you can collect
Information
Data converted into a meaningful and useful context
-summary of data
-understanding
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
information and intelligence plus skills, experience, expertise
Departmental Companies
HR- maintain policies, plans, procedure for the effective management of employees
Sales- performs function of selling good and service
Marketing- support sales by planning, pricing, and promoting goods and services
Accounting- Records, measures and reports monetary transactions
Solution of departments working independently
management information systems- business function, Moves information about people, products,
and processes across the company to facilitate decision making
information technology
, Hardware and software
information system
hardware, software, data, procedures, people
Role of IS systems
-emerging in mobile digital platform
-growing business use of "big data"
-growth in cloud computing
Global opportunities for IS
-internet has drastically reduced costs of operating on a global scale
- increases in foreign trade, outsourcing
-presents both challenges and opportunities
Cloud Computing
An environment of virtual servers that house and provide access to resources users access
through the Internet.
Business Process
flow of material, information, knowledge
set of activities, steps, tasks
may be tied to a functional area or be cross-functional
may be assets or liability
examples of functional business process
manufacturing and production ( assembling a product)
sales and marketing (identifying customers)
finance and accounting (creating financial statements)
human resources (hiring employees)
order fulfillment process
cross function
Answers.
Core drivers
data, information, business intelligence, knowledge
data
lowest level of detail you can collect
Information
Data converted into a meaningful and useful context
-summary of data
-understanding
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
information and intelligence plus skills, experience, expertise
Departmental Companies
HR- maintain policies, plans, procedure for the effective management of employees
Sales- performs function of selling good and service
Marketing- support sales by planning, pricing, and promoting goods and services
Accounting- Records, measures and reports monetary transactions
Solution of departments working independently
management information systems- business function, Moves information about people, products,
and processes across the company to facilitate decision making
information technology
, Hardware and software
information system
hardware, software, data, procedures, people
Role of IS systems
-emerging in mobile digital platform
-growing business use of "big data"
-growth in cloud computing
Global opportunities for IS
-internet has drastically reduced costs of operating on a global scale
- increases in foreign trade, outsourcing
-presents both challenges and opportunities
Cloud Computing
An environment of virtual servers that house and provide access to resources users access
through the Internet.
Business Process
flow of material, information, knowledge
set of activities, steps, tasks
may be tied to a functional area or be cross-functional
may be assets or liability
examples of functional business process
manufacturing and production ( assembling a product)
sales and marketing (identifying customers)
finance and accounting (creating financial statements)
human resources (hiring employees)
order fulfillment process
cross function
