INFO 3130 Lecture Notes - Lecture 1: Management Information System, Cloud Computing
22 Jan 2016
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Document Summary
How information systems are transforming the business industry. Growing business use of big data : no set definition for this term, refers to a mass collection of data that cannot be analyzed through normal techniques because of its size. Growth in cloud computing: accessible through the internet, storage place, growing rapidly. Internet has drastically reduced costs of operating on a global scale. Challenges and opportunities connections: reduced costs of growing globally because of internet, able to connect to people globally through technology, printer was sending information to russia, car breaks were wirelessly accessible, electronic payments. Operational excellence: being more productive with less cost. Managers must use: forecasts, best guesses, luck. Results in: overpopulation, under population, misallocation of resources, poor response times.
