Training and keeping everyone up to speed with the IT processes 5 Describe the

Training and keeping everyone up to speed with the it

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5. Describe the differences between Information Technology (IT) and Information Systems (IS)FieldWhat types of technologies do each oversee? 6. Identify the 7 Major Reasons Firms Invest in Information SystemsBenefit 7. Data…Information…Knowledge Benefits to the Organization Organizational Effectiveness
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Levels of Data Quality Description Data facts and statistics collected together for reference or analysis Information facts provided or learned about something or someone Knowledge 8. What are examples of how the following functional areas utilize Information Systems? Forces Description Threat of New Entrants a new business coming into the market Threat of Substitutes lots of choices for consumers for a product Power of Customers When consumers have many options for where to buy a produc Power of Suppliers when a supplier of a product has full control over the market Competitive Rivalry When there are many competitors in an industry 10. Network-based Strategies Strategy Description Network Economics Virtual Company Model Business Ecosystems
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