ITM 100 Chapter Notes - Chapter 1: Management Information System, Numerix, Place Shifting

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: Debashish Roy

Document Summary

How information systems are transforming business: increased e-commerce, emerging mobile digital platform, growing business use of big data , growth in cloud computing, new government regulations affect business responsibilities, shifts in media: more news delivered online. Globalization challenges and opportunities: a flattened world, internet has drastically reduced costs of operating on global scale. The emerging digital firm: significant business relationships are digitally enabled and mediated, core business processes are accomplished through digital networks, key corporate assets are managed digitally, digital firms offer greater flexibility in organization and management. Space shifting: work is done physically in whichever part of the world it can be done best. Information systems are the foundation of business in the 21st century. Strategic business objectives of information systems: operational excellence, new products, services, and business models, customer and supplier intimacy, improved decision making, competitive advantage, survival. The role of information systems in business today: operational excellence: Improvement of efficiency to attain higher profitability.