Data
a given or fact
Information
facts or conclusions that have meaning within context
Process
the manipulation of data; usually produces information but may produce more data
FOUR STAGES OF PROCESSING DATA
Input - enter data into IS usually about a transaction
Processing - changing and manipulating the data
Output - get information out of the IS
Storage - maintaining vast amounts of data and information
Transaction / TPS
a business event
Transaction processing system (TPS) - a system that records transactions
Telecommunications
communications that occurs between computers over distances
Information Technology
the technology involving the development, maintenance, and use of computer systems, software, and networks for the processing and distribution of data
System
array of components that work together to achieve goal(s)
Subsystem
component of a larger system
Closed/Open Systems
Closed system has no connections with other systems
Open system interfaces and interacts with other systems
Information System (IS)
all components that work together to process data and produce information