MIST Exam 1 Study Guide

MIST Exam 1 Study Guide - allows organizations to use IT as...

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Cole Breiner MIST Review Define Information Systems Information System: an organized collection of people, information, business processes, and information technology, designed to transform inputs into outputs, in order to achieve a goal. System: a recognizable whole that consists of a collection of interrelated parts that interact with each other to transform inputs into outputs in order to achieve a goal. Info System Chart: Inputs (data, information, knowledge, decisions) into Process (people, business processes) equals Output (data, information, knowledge, decisions, business value) MIS finds creative uses for computer programs to aid business processes IS are the tools business people use to access, create, find, store, and transform information. -Automating- using technology to perform repetitive or tedious tasks faster, cheaper, more consistently and with greater accuracy than humans -Informating- translating descriptions and data into information and
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Unformatted text preview: allows organizations to use IT as a catalyst for learning and decision-making-Competitive Advantage- differentiating one’s capabilities from competitors and saving costs in performing regular business processes • IS are systems designed to create, store, manipulate, or decimate information and IT is the tools that IS uses to perform these operations Data-Information-Knowledge Continuum • Data: raw unorganized facts, numbers, pictures, and so on • Information: data that has been organized and is useful to a person. Given meaning by connections. Often answers who, what, when questions • Knowledge: created when a person combines experience and judgment with information. • Getting from data to information involves understanding relationships. Getting from information to knowledge involves understanding patterns. Getting from knowledge to wisdom involves understanding principles. •...
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