hat are the 6 components of Information Systems?
Which ones just belong to Information Systems ✔✔1. People 2. Processes 3. Networks 4. Software
5.
... [Show More] Hardware 6. Data
People and processes only belong to information systems
Executive Support Systems (ESS) ✔✔a type of management support system that facilitates and
supports senior executive information and decision-making needs. It provides easy access to
internal and external information relevant to organizational goals
What is EIS - "Executive Information Systems?" ✔✔a specific class of DSS that support the
strategic decision-making process of top-level executives. These systems incorporate summarized
information from decision support systems and management information systems, along with
external factors to forecast and analyze trends.
What is DSS - "Decision Support Systems?" ✔✔focuses on supporting all phases of specific
decision-making processes and procedures for arriving at a solution. They are often developed to
handle unstructured problems at all levels.
What is MIS - "Management Information Systems?" ✔✔represent a category of IS that serve lower
to middle managers. They provide performance reports based on the results from transaction
processing systems, such as product cost data, sales data, and expense data.What is TPS - "Transaction Processing Systems?" ✔✔collect, store, update, and retrieve
transaction data within an organization. Common business transactions include: employee payroll,
customer sales, and supplier payments. Developed to: decrease costs, decrease processing time,
and increase accuracy. Achieve these benefits by: automating and recording routine business
transactions that are too tedious and monotonous for front-line employees to process manually in
an effective and efficient manner
What is Information Systmes? ✔✔The purpose is to get useful information to the right people
within an organization to support decision making and operations. Effective information systems
can help companies streamline business processes and planning, as well as help with data storage,
data management, and data security.
Identify the 7 major reasons firms invest in information systems ✔✔1. Achieve operational
excellence 2. Develop new products and services 3. Attain customer intimacy and service 4.
Improve decision making 5. Promote competitive advantage 6. Ensure long-term survival 7.
Develop strong relationships with suppliers
What is data? An example. ✔✔Data - Unorganized data that lacks meaning. Example: The number
of people below the poverty line in the region is 50,000 [Show Less]