COMMERCE 2KA3 Chapter 1: Commerce 2KA3 - Chapter 1 Summary

• School: McMaster University
• Department: Commerce
• Course: COMMERCE 2KA3
• Professor: A L I R M O N T A Z E M I

Document Summary

Information technology"s impact on business operations: businesses must undertake enterprisewide initiatives to achieve broad general business goals such as reducing costs. For an organization to succeed, every department or functional area must work together sharing common information. Info tech can enable departments to more efficiently and effectively perform their business operations. Information technology (it): is any computer- based tool that people use to work with information and support the information and information- processing needs of an organization. To perform the mis function most organizations have an it department. Information: data: are raw facts that describe the characteristics of an event. Information: is data converted into a meaningful and useful context: knowledge: when information can be enacted upon. It resources: the plans and goals of the it department must align with the pans and goals of the organization. In essence, people use information technology to work with information.