ITM 102 Chapter Notes - Chapter 1: Management Information System, Information System, Exabyte
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Most of the business value of it investment derives from these organizational, management, and cultural changes inside firms. Smartphones social networking, texting, e-mailing, and webinars have all become essential tools of (cid:271)usi(cid:374)ess (cid:271)e(cid:272)ause that"s (cid:449)he(cid:396)e (cid:455)ou(cid:396) (cid:272)usto(cid:373)e(cid:396), supplie(cid:396)s, a(cid:374)d (cid:272)olleagues (cid:272)a(cid:374) (cid:271)e fou(cid:374)d. Businesses are using information technology to sense and respond to rapidly changing customer demand, reduce inventories to the lowest possible levels, and achieve higher levels of operational cost. Businesses are using social networking tools to connect employees, customers, and managers worldwide. 5 major changes in management information systems: Rapid and ongoing information technology innovations are transforming the traditional business world. Cloud computing, big data, business analytics, and the use of social networks by managers to achieve business objectives; most of these changes have occurred recently. These innovations are allowing entrepreneurs and innovative tradition firms to develop new products and services, apply novel business models, and overall change the paradigm of how the world does business.