9781423901785_PPT_ch01

9781423901785_PPT_ch01 - Management Information Systems,...

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Management Information Systems, Sixth Edition Chapter 1 Business Information Systems: An Overview
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Management Information Systems, Sixth Edition 2 Objectives Explain why information technology matters Define digital information and explain why digital systems are so powerful and useful Explain why information systems are essential to business Describe how computers process data into useful information for problem solving and decision making Identify the functions of different types of information systems in business
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Objectives (continued) Describe careers in information technology Identify major ethical and societal concerns created by widespread use of information technology Management Information Systems, Sixth Edition 3
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Does Information Technology Matter? Hackett Group study: “Does IT Matter? Hackett Concludes the Answer is Yes” World’s best performing companies spent 7% more per employee on IT than typical companies They recouped the investment fivefold in lower operational costs Today’s business professionals must know how to develop and use IT Management Information Systems, Sixth Edition 4
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The Power of Digital Systems Binary counting system uses only two digits: 0 and 1 Digital systems : Computers and devices that use the binary system Can represent any information as a combination of zeros and ones Information can be represented, stored, communicated, and processed digitally Management Information Systems, Sixth Edition 5
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The Power of Digital Systems (continued) Digital information is stored and communicated by means of electromagnetic signals Extremely fast Digital copy is an exact copy of the original Accuracy and speed make digital systems powerful, useful, and important Management Information Systems, Sixth Edition 6
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Management Information Systems, Sixth Edition 7 The Purpose of Information Systems Businesses use information systems To make sound decisions To solve problems Problem : any undesirable situation Decision : arises when more than one solution to problem exists Both problem solving and decision making require information
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Management Information Systems, Sixth Edition 8 The Purpose of Information Systems (continued) Keys to success in business: Gathering correct information efficiently Storing information Using information Purpose of information systems is to support these activities
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Management Information Systems, Sixth Edition 9 Data, Information, and Information Systems “Data,” “information,” and “system” are commonly used terms Important to understand their similarities and differences
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Management Information Systems, Sixth Edition 10 Data vs. Information Data : a given or fact Can be number, statement, or picture Is the raw material in the production of information Information : facts or conclusions that have meaning within context Composed of data that has been manipulated
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This note was uploaded on 06/14/2011 for the course MGSC 290 taught by Professor Johnston during the Fall '09 term at South Carolina.

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9781423901785_PPT_ch01 - Management Information Systems,...

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