What is an information system (IS)?
People + IT that collect, process, store, and share data.
What is information technology (IT)?
Hardware, software, and networks.
What is data?
Raw facts (numbers, images, video).
What is information?
Processed data.
What is knowledge?
Using information to make decisions.
Why are information systems important in business?
They help run operations, make decisions, communicate, and compete.
What is the core idea of the digital world?
Technology + information drive modern business success.
What is digital density?
Value created from connections, data, and interactions.
What is globalization in business?
Companies operating and competing worldwide using technology.
What is outsourcing?
Hiring another company to perform a business process.
Why do companies outsource?
Lower costs, access expertise, focus on core business.
What is mobile computing?
Accessing systems anytime, anywhere using mobile devices.
What is BYOD?
Bring Your Own Device — using personal tech for work.
What is IoT?
Internet-connected devices that collect and share data.
What is cloud computing?
Using internet-based storage and software instead of local systems.
One benefit of cloud computing?
Access from anywhere.
One risk of cloud computing?
Requires internet / possible downtime.
What is big data?
Massive datasets used to find patterns and improve decisions.
Why do companies use big data?
Understand customers, improve operations, predict trends.
What is an API?
A tool that allows systems to share data/services.
How do information systems help organizations?
Automate processes, reduce costs, improve service, increase productivity.
What is competitive advantage from IS?
Using technology to perform better than competitors.
Data example?
Daily sales numbers.
Information example?
Weekly sales report.
