MATH 1505 Lecture Notes - Lecture 7: Wintel, Network Interface, Hard Disk Drive
20 Aug 2016
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Document Summary
The world is flattened (it is much easier to communicate to even the opposite end of the world simply because of technology and globalization); internet drastically reduce operation costs. Business model: describes how company produces, delivers and sells product or service: is and tech make great tools for creating new products, services, and even models. It can really improve the efficiency and effectiveness of business processes (ie walmart"s retail. Link system connects suppliers to stores directly for superior replenishment systems. Is: a set of interrelated components that collect (or retrieve), process, store, and distribute info to support decision making and control in an organization. Info systems weren"t always computer based (ie pneumatic tubes) Information: data that is shaped into a meaningful and useful form for human comprehension. Data: streams of raw facts before comprehensible by humans. Input: collects data from within an org from its external environment. Output: transfers the info to ppl who will use it.
