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Course Hero Management in Information Systems Study Guide

Course Hero Management in Information Systems Study Guide -...

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AM HDD ytes Bytes ing a computer: consider these three things in this order hen RAM then HDD Decentralized Technology Innovation Failure Prove ROI Early IT Adopters Wait-and-See Adopters Centralized Management in Information Systems Exam 1 Study Guide Chapter 1: Management Information Systems (MIS) – deals with the planning for, development, management, and use of information technology tools to help people perform all tasks related to information processing and management. 3 important factors of MIS – 1. Information 2. People 3. Technology Data - raw facts that describe a particular phenomenon such as the current temperature, the price of a movie rental, or your age Information- data that have a particular meaning within a specific context. The current temperature becomes information if you’re deciding what to wear; in deciding what to wear, the data describing the price of a movie rental are not pertinent information. **Information only exhibits high quality if it is pertinent, relevant and useful to you. Business Intelligence- (BI) – collective information about your customers, your competitors, your business partner,s your competivie environment, and your own internal operations that gives you the ability to make effective important and strategic business decisions. Knowledge- a broad term that can describe many things: 1) it can provide contectual explanation for business intelligence 2) it can point toward actions to take to gain business intelligence 3) it can include intellectual assets such as patents and trademarks; and 4) it includes organizational know-how for things such as best practices. DEFINING INFORMATION QUALITY: Timeliness- can you get the information when you need it? Does the information describe the time period or periods you’re considering? Location- Information is of no value if you can’t access it. IT can definitely create information quality here because of technologies that support telecommuniting, work place virtualization, mobile e-commerce and so on, so you can access information at or from any location. Form- Is the information in a form that is most useful to or usable by you? –audio, text, video, animation, or graphical? Is the information error free? Concept of (GIGO) garbage-in garbage-out, if you’re using poor quality information to begin with (garbage in) you’re most likely to make poor decisions (garbage out) Validity - validity is closely related to the second aspect of form. Validity addresses the credibility of information INFORMATION FROM AN ORGANIZATIONAL PERSPECTIVE : Upward - upward information flows describe the current state of the organization based on its daily transactions (sales start at the lowest level then is passed up through the various levels) 1
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Management in Information Systems Exam 1 Study Guide Information granularity refers to the extent of detail within the information, information can take on a finer level. At lower levels of an organization, information exhibits fine granularity because people work
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