ITM 102 Lecture Notes - Lecture 1: Management Information System, Information System, Cloud Computing

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Document Summary

Buinesses are starting to use social media to connect to their employees, customers and managers around the world. Ex fortune 500 companies now have facebook, twitter, tumblr. E-commerce and internet advertising continue to expand. New federal security and accounting laws require many businesses to keep e-mail and youtube messages for 5 years. There is a continual change in technology. Management"s use of the technology and the resulting impact on business success. The successful firms are those that learn how to use technologies. Three interrelated changes in the technology area. The growing business use of big data. The role of information systems in business today. Information systems are transforming business, most businesses have registered internet sites. 14 million canadians access the internet using their mobile phones. Businesses have to respond rapidly to changing customer demands, reduce inventories to lowest possible levels, and achieve higher levels of operational effiency. Companies depending on just -in-time inventory to reduce overhead costs.

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