Chapter 1 COMPETING IN THE INFORMATION AGE LEARNING OUTCOMES 1.Describe the information age and the...
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Transcript of Chapter 1 COMPETING IN THE INFORMATION AGE LEARNING OUTCOMES 1.Describe the information age and the...
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Chapter 1COMPETING IN THE INFORMATION AGE
LEARNING OUTCOMES
1. Describe the information age and the differences between data, information, business intelligence, and knowledge
2. Identify the different departments in a company and why they must work together to achieve success
3. Explain systems thinking and how management information systems enable business communications
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Information Technology’s Impact on Business
ITBIMISOperationsFlat world
Systems ThinkingData – Information - Knowledge
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THE SOLUTION: MANAGEMENT INFORMATION SYSTEMS
• Systems thinking – A way of monitoring the entire system by viewing multiple inputs being processed or transformed to produce outputs while continuously gathering feedback
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COMPETING IN THE INFORMATION AGE
• Examples of the power of business and technology
– Amazon – Not a technology company; primary business focus is selling books
– Netflix – Not a technology company; primary business focus is renting videos
– Zappos – Not a technology company; primary business focus is selling shoes
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Information Technology’s Impact on Business
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Information Technology’s Impact on Business
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Data, Information, BI
• Data - raw facts that describe the characteristic of an event
• Information - data converted into a meaningful and useful context
• Business Intelligence – applications and technologies that are used to gather, provide access to, and analyze data and information to support decision-making efforts
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Data, Information, BI
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Data, Information, BI
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Data, Information, BI
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INFORMATION TECHNOLOGY BASICS
• When beginning to learn about information technology it is important to understand the following:– Data, information, and business intelligence– IT resources– The challenge: departmental companies– The solution: management information system
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THE CHALLENGE: DEPARTMENTAL COMPANIES
Common Departments Working Independently
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Common Departments Working Interdependently
THE SOLUTION: MANAGEMENT INFORMATION SYSTEMS
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Forces that Flattened the World