Chapter 1

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Ryerson University
Information Technology Management
ITM 102
Muhammad Shahbaz

thTuesday June 28 2011 Chapter 1 IT for Business and Business ProfessionalsWhy IS Matters Information Systems are very important in daily life without these systems your life would be significantly differentEx Do you know anyone without a cell phone or anyone who refuses to use the ATM Organizations that ignore the impact of technology and information systems when doing business will likely be at risk Consumers have adopted the internet less than a decade information systems can take hold of usersEx social media Facebook and Twitter did not even exist before 2004 and 2006 can you imagine yourself without them todayOrganizations and individuals must keep up with rapid technology changes or risk becoming obsolete Rate of technology change is greater today than ever before and it will be more important to keep up with those changes Information technology as a part of any IS impacts all business disciplines accounting marketing etc In todays work environment its impossible to do knowledge work without technologycomputers Internet mobile phones desktop sharing video conferences etcMoores Law1965 Gordon E Moore cofounder of Intel observed a trend in technologyKnown as Moores law law states that computing power doubles every 18 months Moores law means more performance and decreasing costs technology improves at an average rate of 1 percent per weekIncreases of 1115 per quarter depending on the number of days and weeks in any quarterIT and Knowledge Work ITISKey enabler to all organizations and impacts all business disciplines technology is essential to keep the pace with competitors knowledge work involves Discoveryanalysistransformation deploymentcommunication of data Information and Knowledge impossible to do knowledge work without technology What is an Information System IS An information system IS is an organized collection of people information business processes and information technology IT designed to transform inputs into outputs in order to achieve a goal Information systems enhanceknowledgedecision making problem solving
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