BU398 Chapter Notes - Chapter 8: Explicit Knowledge, Social Computing, Network Virtualization
Document Summary
Transaction processing systems (tps) automate the organization"s routine, day-to-day business transactions. A tps collects data from transactions such as sales, purchases from suppliers, and inventory changes, and stores them in a database. Data warehousing the use of huge databases that combine all of an organization"s data to allow users to access the data directly, create reports, and obtain responses to what-if questions. Business intelligence the high-tech analysis of a company"s data in order to make better strategic decisions often referred to as data mining. Business intelligence means searching out and analyzing data from multiple sources across the enterprise, and sometimes from outside sources as well, to identify patterns and relationships that might be significant. Managers have tools to improve performance of departments and the organization as a whole. Management information systems including information reporting systems, decision support systems, and executive information systems facilitate rapid and effective decision making.
