ITM 100 Study Guide - Midterm Guide: Management Information System, Database, Enterprise Resource Planning

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: Alexcram

Document Summary

Information system: set of interrelated components that collect, process, store, and distribute information to support decision-making and control in an organization. Input: captures raw data from organization or external environment. Output: transfers processed information to people or activities that use it. Data (input): can be seen as raw numbers, figures, and facts. Information (output): can be seen as processed data or data with meaning. Knowledge: can be seen as personalized information residing in the mind of the individual. Technical approach: management science, operational research, computer science. Data management technology: consists of software governing organization of data on physical storage media. Networking and telecommunications technology: transfers data from one physical location to another using both physical devices and software. Network: links 2 or more computers so it can share resources. Complementary assets: assets required to derive value from primary investment. Digital dashboards: displays on a single screen graphs and charts of key performance indicators for managing a company.