BSM 200 Lecture Notes - Lecture 11: Web 2.0, Data Mining, E-Commerce
5 Apr 2017
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Document Summary
Information technology: explosive change: it an entire system of people, machines, and methods by which business transaction records are developed, compared, distributed, analyzed and acted upon, computers and communications hardware and software have changed dramatically. Good information system management tool: info on sales, info on products/inventory, info on customers, information should be: Accurate reliable (not multiple inputting & inconsistent reporting) Timely don"t wait to get everything possible before taking a decision, focus on the important stuff. Understandable variables mean the same thing to every debt. Secure confidential information: some organizations do not set up good it systems because . Why does a business need it: to get information on , current performance (examine processed efficiency, productivity, investment returns, suppliers (within) track/compare a b c i. e. who gives you what on time/ best quality. !2: time to make it out factory/movement from one department to another, productivity employee skills, meeting goals, etc.
