Chap1 - Why IT Matters Professor Jeff Merhout MIS 235C Fall...

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Why IT Matters Professor Jeff Merhout MIS 235C Fall 2008
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IT/IS adds $$ to YOUR Bottom Line Why? How? What will you be doing in 5 years? 10 years?
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This is the MOST Important Course of your Farmer School Education! Sure…. . I know you are skeptical, but I am serious! OK… this course is at least as important as your major(s)… IT/MIS is the Infrastructure of modern commerce
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INFORMATION TECHNOLOGY’S ROLE IN BUSINESS Information technology is everywhere in business
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Business Magazine Analysis BusinessWeek cover analysis 23 / 50 BusinessWeek cover stories in 2006 are technology focused (47 %)
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Business Magazine Analysis 20 of the best places to launch a career are technology-focused companies
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Business Magazine Analysis BusinessWeek - Hot Growth Areas The 100 companies on the list come from all parts of the economy, but at any particular moment certain hot sectors dominate: Industry 2006 list 2003 list 15 6 Capital Goods 14 4 Energy 14 4 11 2 Retailing 10 17 8 10 8 24 Semiconductors 5 2 3 9 Materials 3 4 3 3 2 2 Data: Standard & Poor's Compustat, BusinessWeek
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Business Magazine Analysis Fortune – 100 Fastest Growing Companies Energy Technology -Centric Company Manufacturing Health -care Other Companies by Industry 40 30 12 5 13 http://money.cnn.com/magazines/fortune/
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Can you use, converse, and ask questions about a car without really knowing much about the car? (although you do not have to know how it works in great detail…) How about an elevator? Levels of Abstraction How about Information Technology?
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The Big Point! You do not need to know much about technology to use, converse, and ask questions about technology However, the more you know about technology – the BETTER QUESTIONS you can ask!! IT/IS CAN add $$ to YOUR Bottom Line , if you understand it, can use it, and apply it when needed, such as to gain a competitive advantage
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INFORMATION TECHNOLOGY BASICS Information technology (IT) – any computer- based tool that people use to work with information and support the communications , information and information-processing needs of an organization Information technology is an important enabler of business success and innovation
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INFORMATION TECHNOLOGY BASICS Management information systems (MIS) – the function that plans for, develops, implements, and maintains IT hardware, software, and applications that people use to support the goals of an organization MIS is a business function, similar to Accounting, Finance, Operations, and Human Resources Referred to as the IT function in many organizations
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Information System - Information system: instantiation of information technology (i.e.,_________, ___________) into a system of business processes, _______,
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Chap1 - Why IT Matters Professor Jeff Merhout MIS 235C Fall...

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