o Machine learning Information systems are considered strategic when they

O machine learning information systems are considered

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o Machine learning Information systems are considered strategic when they provide a competitive advantage Effective vs Efficient o Effective – High quality o Efficient – Low cost Information systems’ vital role in three areas of business processes: o Executing the process Informing employees when it is time to complete a task Providing required data Providing a means to complete the task o Capturing and Storing Process Data Processes generate data IS’s capture and store process data Capturing and storing data provides immediate feedback o Monitoring Process Performance IS evaluates information to determine how well a process is being executed Evaluations occur at two levels Instance level – Status of a purchase; order history Process level – How’s the process doing Monitoring identifies problems for process improvement Business Process Reengineering (BPR) – A radical redesign of an organization’s business processes to increase productivity and profitability Business Process Improvement (BPI) – An incremental approach to move an organization towards business process centered operations Globalization – The integration and interdependence of economic, social, cultural, and ecological facets of life, made possible by rapid advances in IT “The World is Flat” by Thomas Friedman o Technology is leveling global competition making the world “flat”
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Friedman’s Three Eras of Globalization o Globalization 1.0 – Countries o Globalization 2.0 – Companies o Globalization 3.0 – Individuals and Groups LECTURE 5 3D References – columns, rows, and worksheets are the three dimensions o Quarter 1’! D6*(1+ $B$50) Worksheet name Cell address in Quarter 1 sheet Cell address in the current sheet A 3D reference can refer to the same cell address in multiple sheets in a single formula o SUM(‘ Quarter1:Quarter4’! E6) The range of worksheets to use in the computation: Q1 to Q4 The common cell address from all of the sheets LECUTRE 6 Formula Auditing o Trace Precedents (Direct) o Trace Precedents (Indirect) o Trace Dependents
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o Show Formulas Collaborative Consumption and Sharing Economy – Terms used to describe the appearance of new marketplaces where excess capacity in goods and services can be shared efficiently using information technology o Good Quality Information – The premise for the success of all marketplaces LECTURE 7
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