RSM100Y1 Chapter Notes - Chapter 14: Operations Support System, Midrange Computer, Computer Hardware
Document Summary
An effective information system can help answer questions. Data consist of raw facts and figures that may or may not be relevant, or meaningful, to a business decision. Information is knowledge gained from the processing of data. Advancement in technology has allowed all business, small or large, to have access to data and information, allowing them to be more competitive in the global arena. An information system is an organized method for collecting, storing, and communicating past, present, and projected information on internal operations and external intelligence. The chief information officer (cio) is typically responsible for managing an organization"s information systems: the cio often reports directly to the firm"s ceo. Information systems can assist many business functions and departments (eg. accounting) The right information can help a firm keep up-to-date with consumer demands, competitors" activities, and recent government regulations. Computer hardware refers to machines that range from supercomputers to smartphones. Computer software includes operating systems and applications programs.
