ITM 100 Lecture : Lecture - Chapter 1

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

Document Summary

Gordon moore was a co-founder of intel . There are a number of types of is that are widely used in creating business value: Capture and process transactions to make them available to the organization. It enables a business to efficiently and accurately track the transactions that are at the heart of all business activities. Captured transaction data can then be used to support decision making. Provide timely information to decision makers through processing and reporting features. Timely reporting can enable managers to monitor critical processes and avoid costly mistakes. It enables decision makers to make decisions based on data and to discover new business opportunities through the use of tools provided by the is. Integrate and standardize processes and centralize and standardize the storage and management of data. This can reduce costs associated with duplication of processes and effort. It can also reduce decision-making mistakes made because of multiple versions of the same data, information, and knowledge.