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BUS237 - Week 1
Week 1 BUS237
21
Business
Undergraduate 2
10/08/2013

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Cards

Term
What does MIS stand for?
Definition
Management Information Systems
Term
Information System (IS)
Definition
A group of components that interact to produce information.
Combines the people and procedures they use to make technology work for business
Term
T or F?

Not all information systems require computerization
Definition
True: Ex. The dewey decimal system (used in libraries) is often considered an information system.
Term
T or F?

Information systems tend to be designed/created by the users themselves.
Definition
False: Information systems are designed and created by business analysts and systems designers at the request of senior managers or entrepreneurs with a specific need
Term
How does IS differ from IT?
Definition
• Information Systems (IS) = systems of hardware, software, data, procedures and people that produces information
• Information Technology (IT) refers to methods, inventions, standards and products, the raw technology components of IS

IS includes people in the equation!
Term
T or F?

IT alone is enough to help organizations reach their goals.
Definition
False: IT must be embedded into an IS to help accomplish objectives. The technology must be combined with people and procedure components in order to be useful.
Term
5 components of IS
Definition
1. Hardware - the electronic components and associated gadgetry that constitute a computer system
2. Software (Programs) - the programs/apps that run, operate on computer systems
3. Data - basic building blocks of information like facts and observations
4. Procedures - instructions/processes that you follow to achieve your desired objective
5. People - actors who want to achieve a particular outcome by interacting with the system
Term
In Canada, what does Industry Canada define IT as?
Definition
Information and Communications Technology (ICT) Sector
Term
T or F?

Knowledge of IT is only required if you want to pursue a career in that field.
Definition
False: How to choose/use IT effectively is an increasingly important skill to have. To be effective these days, we need to know how to do more than the basics
Term
According to the ICT Labour Trends Outlook by the Information and Communications Technology Council (ICTC), Canadian employers in the high tech sector need individuals with which 3 skills?
Definition
o Technical skills
o Specific technology and industry experience
o Satisfactory communication and other business skills
Term
3 trends in IT
Definition
- Technology is getting easier to use
- IT keeps growing
- Shrinking of device size
Term
System
Definition
A group of components that interact to achieve some purpose
Term
Define MIS
Definition
MIS comprises the development and use of information systems that help organizations achieve their goals and objectives
Term
Key elements of MIS (3)
Definition
Development and use on info systems
Information systems
Goals and objectives - achieving these goals
Term
T or F?


Social media are changing the way small business connects with its customers.
Definition
True
Term
The ICT sector includes companies involved in...
Definition
Software and computer services
Cable and other program distributors
Telecommunications services
ICT manufacturing
ICT wholesaling
Term
Moore's Law
Definition
- Noted that the density of circuits on an integrated chip was doubling approximately every two years or so
- This prediction has been generally accurate for more than 40 years
- It is one of the few predictions in area of IT that has really stood the test of time
Term
T or F?


The cost of computers has declined over the past 55 years or, the same amount of money can buy increased computer capacity.
Definition
True
Term
4 predictions by David Ticoll about what will happen in the next decade in ICT
Definition
- Unlimited storage will be almost free
- Analytical software will reveal hidden treasures
- The real and virtual world will collide as wide-area networks become cheap, reliable, and widely available
- These technology trends will enable deep, powerful, performance-enhancing innovations that will be felt in almost every industry
Term
3 characteristics of IT
Definition
1) Moore's Law & the cost of computers = also declining so we are getting more computer capacity these days for less money
2) Network effects - the lock in of certain technologies - the value that is received increases signficiantly as the number of users increase
3) Shrinking device size and tendency for ubiquity
Term
T or F?

IT is difficult to predict
Definition
True: it is all about innovation, which yields unexpected results. The ICT sector has enabled a lot of what Schumpeter called "creative destruction"
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