COMMERCE 1E03 Chapter : Appendix C – Using Technology to Manage Information.docx

• School: McMaster University
• Department: Commerce
• Course: COMMERCE 1E03
• Professor: Rita Cossa

Document Summary

Appendix c using technology to manage information. Business technology was formerly known as data processing (dp). It then became known as information systems (is). Information technology (it): technology that helps companies change business by allowing them to use new methods. Virtualization: accessibility through technology that allows business to be conducted independent of location. Moving from information toward knowledge and business intelligence. In the 90s we started to move away from it and toward knowledge technology (kt). Knowledge is information charged with enough intelligence to make it relevant and useful. Later became known as business intelligence systems (bi). Bi refers to a variety of software applications that analyze an organization"s raw data and take useful insights from it. Business people are deluged with so much data that this information overload is referred to as infoglut. The most important step toward gaining perspective is to identify the four or five key goals you wish to reach.