Questions and Answers
What is information technology?
What is an information system?
Interrelated components that manage information to support decision making and control.
What are streams of raw facts called?
Data
What is information?
Signup and view all the answers
What happens to data when it goes through the information system?
Signup and view all the answers
What are MIS reports?
Signup and view all the answers
What are routine reports used for?
Signup and view all the answers
The three basic activities of information systems are input, processing, and _____
Signup and view all the answers
What does the input in an information system involve?
Signup and view all the answers
What is the role of processing in an information system?
Signup and view all the answers
What is output in an information system?
Signup and view all the answers
What is feedback in an information system?
Signup and view all the answers
Why is it important to look at stakeholders when creating a technological product?
Signup and view all the answers
What is a system variable?
Signup and view all the answers
What is a system parameter?
Signup and view all the answers
What is a system?
Signup and view all the answers
Study Notes
Information Technology
- Refers to the hardware and software used by businesses to achieve objectives.
- Encompasses not only technologies but also the people and organizations involved.
- Proficiency in programming does not necessarily indicate ability in managing information systems.
Information System
- Comprises interrelated components that manage information.
- Supports decision-making, control, analysis, visualization, and product creation.
Data
- Represents streams of raw facts, unprocessed information.
Information
- Data transformed into a meaningful format—provides useful insights.
- Example includes processing sales data to reveal total units sold or revenue generated.
Processing of Data in Information Systems
- Data undergoes summarization within the information system, resulting in reports.
- Processed information aids in making informed decisions for future planning.
MIS Reports
- Generated routinely to provide middle managers with insights into ongoing operational performance.
- Reports monitor and predict outcomes, using data from transaction processing systems (TPS).
- Summarizes basic operations and typically cover weekly, monthly, or annual results, with limited analytical flexibility.
- Example metrics include sales, profits per region/customer, and inventory control, with comparisons against objectives.
Routine Reports
- Designed to assist in making regular decisions based on established parameters.
Basic Activities of Information Systems
- Input: Gathering and capturing raw data.
- Processing: Classifying, arranging, and calculating data to derive meaningful outputs.
- Output: Producing useful information in the form of documents and reports.
Organization of an Information System
- Information systems integrate into the organizational structure, interacting with stakeholders such as shareholders, government bodies, competitors, and suppliers.
Input
- Involves the activity of capturing raw data.
Processing
- The act of converting raw data into useful outputs.
Output
- Produces useful information, typically manifested as documents and reports.
Feedback
- Outputs used to adjust future inputs or processing activities.
- Enhances both input quality and processing effectiveness.
Importance of Stakeholders
- Understanding customer needs and supplier capabilities is crucial when developing technological products.
System Variable
- Represents quantities or items controlled by decision-makers, e.g., pricing strategies in transactions.
System Parameter
- Values or quantities that are outside the control of managers, such as raw material costs and taxes.
System Definition
- A collection of interconnected parts that function as a cohesive unit.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Explore key concepts related to information systems with these flashcards. Learn about the essential components of information technology and how they function within organizations. This resource is designed to enhance your understanding of information systems and their management.
