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Ch 1 May 6, 2019

4:58 PM

The importance of MIS System: A group of components that interact to achieve some purpose Must have • Components (Wheel, chains) • Components need to link to each other (chains) • Need to serve a purpose (transportation) Information System: Group of components that interact to produce information 5 Fundamental components of computer-based information systems (Interact w/one another) • Computer Hardware • Software • Data • Procedures • People Purpose of IS •

MIS: Composed of the development and use of information systems that help organizations achieve their goals and objectives • Managing IS Key Elements • Development and Use (how was it developed, what is the use?) • Information Systems • Goals and Objectives Video • Population • Religion • Car insurance • Jobs • Populationn Development and Use of Information Systems Required to know how to: • Take active role in order to ensure that system will meet your needs • Understand how they are constructed • Consider the user needs during development (stage/progression) • Learn how to employ the system • Take into account other important functions ▪ Security ▪ Backup ▪ Recovery (storage, backup) Achieving Business Goals and Objectives MIS aids businesses in achieving objectives: • Organizations themselves don't do anything (people are doing it) • People within an organization or business who: ▪ Buy, sell, ▪ Design, produce ▪ Market, finance, account, manage

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MIS empowers users to reach goals • Exists to assist business people • Inform decision making • Build value • Need to be developed for right reason Reasons for MIS (why do we use it) • What will system do for you (want something done for you) • What is the purpose (ease burden) • What will using it enable us to do (shorten process) • What goal can be accomplished through it (business plan, achieve success) • Will it aid in reaching our objectives Differences from MIS and IT • MIS is a system of hardware, software, data, procedures, and people that produces information • IS includes people into the equation ▪ Including people impacts how you design and implement the system • IT represents the raw technology aspect of MIS (hardware, software, data) ▪ Methods ▪ Inventions ▪ Standards (best) ▪ Products • IT must be embedded into IS to help accomplish objectives ▪ Tech is combined with people and procedures components ▪ IS will make IT useful ▪ Must be used by people IS in Economy • Information and Communications Technology (ICTO Sector most related to IS in Canada • Sector provides products, services, other industries to rely one • Software, computer services, cable, programs, telecommunications, manufacturing, wholesaling • 32000 ICT companies in Canada ▪ 90% had fewer than 100 employees ▪ 115 had more than 500 • 2015: $71.3 billion in GDP ▪ 585,850 people employed ▪ Most growth in software How do businesses use IS Consumers are accustomed to yearly advances in • Devices (smaller, powerful) • Services (faster, more reliable) • Lower costs, more value for costs

• Free, Perfect, Amazon

IS Systems today • Email

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• • • • •

Web pages Word processers/spreadsheets Presentations Cell phone talking IM, location based services

Expanding knowledge beyond basics • Mobile devices and applications • Project management software (Microsoft Project, Open Project) • Business Graphics (MI Visio, SmartDraw) • Collaborative Systems such as Google Docs Transformative Tech • Virtual/Augmented reality • 5G Mobile • 3D Printing • Blockchain ▪ Mobile money • Artificial Intelligence Growing Markets • Computer and information system managers • Computer engineers • Database analysts, admins • Computer programming, interactive media developers • Graphic Arts technicians Video • Age • Population Moore's Law • The number of transistors on a microchip doubles every two years ▪ Intel CEO • Generally accurate for almost 5 decades Network Effects and Lock-in • Value received from using certain technologies increases significantly as the number of users increases ▪ Fax Machines ▪ Social Networks (Media) • Network effect can lock-in users and make it harder for them to change tech

General Shrinkage • Moore's law • Device stay with us • Location based technology

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