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Chapter 1

Commerce 2KA3 - Chapter 1 Summary

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Department
Commerce
Course
COMMERCE 2KA3
Professor
A L I R M O N T A Z E M I
Semester
Winter

Description
Chapter 1 Information Systems in BusinessInformation Technologys role in BusinessInformation Technologys Impact on Business OperationsBusinesses must undertake enterprisewide initiatives to achieve broad general business goals such as reducing costs Info Tech plays a critical role in deploying such initiatives by facilitating communication and increasing business intelligenceUnderstanding info tech begins with gaining an understanding of how businesses function and ITs role in creating efficiencies and effectiveness across the organizationTypical businesses operate by functional areas Functional areas are interdependentFor 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 operationsInformation Technology Basics Information Technology IT is any computer based tool that people use to work with information and support the information and informationprocessing needs of an organizationInfo tech can be an important enabler of business success and innovationManagement Information Systemsis the function that plans for develops implements and maintains It hardware software and applications that people use to support the goals of an organization To perform the MIS function most organizations have an IT departmentInformationData are raw facts that describe the characteristics of an eventInformation is data converted into a meaningful and useful context Knowledge when information can be enacted uponIT Resources
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