Podcast
Questions and Answers
What is the primary purpose of a computer?
What is the primary purpose of a computer?
Which of the following is NOT a component of an information system?
Which of the following is NOT a component of an information system?
How does computer science relate to information processing?
How does computer science relate to information processing?
What does the term 'data' refer to in the context of information systems?
What does the term 'data' refer to in the context of information systems?
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Why are information systems essential for decision-making centers within a company?
Why are information systems essential for decision-making centers within a company?
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What transforms data into information within an information system?
What transforms data into information within an information system?
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Why might a company invest in information systems?
Why might a company invest in information systems?
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Which department is primarily responsible for managing the distribution of information in a company?
Which department is primarily responsible for managing the distribution of information in a company?
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When discussing IT budgets, which statement is NOT true?
When discussing IT budgets, which statement is NOT true?
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What does the 'make or buy' decision in IT projects involve?
What does the 'make or buy' decision in IT projects involve?
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Which of the following is an example of 'making' software?
Which of the following is an example of 'making' software?
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What is NOT a function of the IT department?
What is NOT a function of the IT department?
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Which component is NOT classified as part of the information systems infrastructure?
Which component is NOT classified as part of the information systems infrastructure?
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Study Notes
Business and Finance 2024/2025 Information Systems
- Course taught by Professor Francesco Tornieri
- Topics include Definitions, Information Systems, and Professional Roles
Agenda
- Definitions
- Information systems
- Professional roles
Definitions
- Computer/Electronic Device: A device used for data and signal processing. (Treccani)
The Computer: Purpose
- Computers process data and transform it into useful information.
- Aim is to speed up problem-solving and improve productivity.
Computer Science
- Studies information processing and its applications, focusing on computer representation, organization, and automated processing of information.
- Term "informatics" originates from the French word "informatique."
- Coined by P. Dreyfus in 1962. (Treccani)
Definition of Information System and Components
- Combination of people, devices/applications (hardware, software, communication networks), processes, data, and information.
- Enables a company to have necessary information at the right time and in the right place.
- Purpose is to meet information needs by providing each decision-making center with the necessary information to operate.
Data and Information
- Data: Numerical or symbolic representation of a measurement, characteristic of an event, object, or phenomenon (e.g., price=202.85; stock=APPLE; time=11.24).
- Information: Data with meaning, associated with specific content (e.g., the market price of ENI stock was 202.85 at 11:24).
- Information systems process data into information needed by users.
Information Systems Infrastructure
- Hardware: Tangible computer components.
- Software: Programs/instructions that enable computers to perform functions for processing data.
- Communication Networks: Connections between devices via a transmission medium to enable data transmission.
Companies and Information Systems
- Reasons for investment in information systems: achieving strategic business goals, gaining a competitive edge, and increasing efficiency.
Information Technology (IT)
- IT department manages information processing and distribution to all organizational units.
- Ensures necessary information for achieving business goals.
- ICT application for making business processes more efficient and effective thru automated information systems.
Who is Responsible for Information Systems?
- IT department has an executive and proactive role.
- Other business units (BUs) are the IT department's customers
The IT Budget
- Two options for managing the IT budget
- Management allocates the budget to each department, and each BU defines and allocates projects to IT.
- IT manages the budget centrally to maximize efficiency.
Make or Buy?
- Each IT project requires a "make or buy" decision.
- The "Could Era" offers more options for external resources.
Software Applications
- Make: Development with internal resources, a combination of internal and external resources, or development using outside resources based on internal specifications.
- Buy: Purchasing an existing application without customization or purchasing an application with customization, or acquiring application rights.
- Hardware/software can be bought or rented, including devices (mainframe, server farm, cloud), proprietary/commercial software (licensed/pay-per-use), and outsourcing/software as a service.
The Information Systems Function and New Digital Skills
- Definitions
- Companies and Information Systems
- Professional roles
Professional Roles
- Data Scientist
- E-commerce specialist
- Cybersecurity Expert
- Social Media Manager
- Community Manager
- Web content specialist
- Web Designer
- Web Marketing Manager
- Mobile Developer
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Description
This quiz covers key concepts in Information Systems as taught in the Business and Finance course for 2024/2025. Students will explore definitions, the purpose of computers, and professional roles in the information systems landscape. Test your knowledge on the components and functionalities of information systems.
