MIS 140 Lecture Notes - Lecture 1: Information Age, Business Intelligence, Knowledge Worker

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Fact- the confirmation or validation of an even or object. Information age- the present time, during which infinite quantities of facts are widely available to anyone who can use a computer. Meaning: raw facts that describe the characteristics of an even or object. Meaning: data converted into a meaningful and useful context. Meaning: information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making. Meaning: skills, experience, and expertise coupled with information and intelligence that creates a person"s intellectual resources. Knowledge worker- individual valued for their ability to interpret and analyze information. Meaning: a way of monitoring the entire system by viewing multiple inputs being processed or transformed to produce outputs while continuously gathering feedback on each part. Meaning: a business function, like accounting and human resources, which moves information about people, products, and processes across the company to facilitate decision-making and problem-solving.

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