Foundation Concepts:
Information Systems in Business
Introduction
1. Information systems and technologies are a vital component of successful businesses and organizations.
2. it is just as important to have a basic understanding of information systems as it is to understand any other functional area in business.
3. Information technologies, including Internet-based information systems, are playing a vital and expanding role in business. Information technology can help all kinds of businesses improve the efficiency and effectiveness of their business processes, managerial decision making, and workgroup collaboration, thus strengthening their competitive positions in a rapidly changing marketplace. This is true whether information technology is used to support product development teams, customer support processes, electronic commerce transactions, or any other business activity. Internet-based information technologies and systems have become a necessary ingredient for business success in today’s dynamic global environment.
The Real World of Information Systems
4. importance of information systems (IS) and information technology (IT). Virtually no business or organization, large or small, can compete without information systems and information technology
5. In its simplest form, a system is a set of interrelated components, with a clearly defined boundary, working together to achieve a common set of objectives.
What Is an Information System?
6. An information system (IS) can be any organized combination of people, hardware, software, communications networks, and data resources that stores and retrieves, transforms, and disseminates information in an organization. People have relied on information systems to communicate with each other using a variety of physical devices (hardware), information processing instructions and procedures (software), communications channels (networks), and stored data (data resources)