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What are digital systems?
Process and store any information digitally as combination of 0 and 1. i.e. computers
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What is the purpose of information systems?
to gather correct information efficiently, store information, and use information.
businesses use them to make decisions and solve problems.
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What is data?
the raw material in the production of information
- - raw data is hard to read
- - are facts such as statement, number, and picture
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What is information?
it's composed of data which is manipulated
it is facts or conclusions that have meaning within context
more useful to business than data
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What is data manipulation?
processing of data by information systems to make useful information
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information is useful when it is...
- relevant
- complete
- accurate
- current
- obtained in a cost-effective manner
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what is an information system?
system with one or more computers at center.
consists of telecommunications, data, hardware, software, people, and procedures
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what are the types of information systems?
- management information system (mis)
- transaction processing system (TPS)
- supply chain management system (SCM)
- customer relationship management systems (CRM)
- expert system (es)
- business intelligence systems (bi)
- decision support system (dss)
- geographic infromation system (gis)
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What are some careers in information systems?
- help desk tech
- network admin
- system admin
- database admin
- system analyst
- webmaster
- software engineering
- chief security officer
- chief information officer/ chief technology officer
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what are the ways to gain competitive advantage?
- 1. reduce costs
- 2. raise barriers to marker entrants
- 3. establish high switching costs
- 4. create new products or services
- 5. differentiate products or services
- 6. enhance products or services
- 7. establish alliances
- 8. lock in suppliers or buyers
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what is the benefit of reducing costs?
gain advantage if it can sell more units at a lower price whil providing quality and maintaining or increasing its profit margin
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what is the benefit to raising barriers to market entrants?
deter potential entrants into the market, enjoying less competition and more market potential.
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what is the benefit to establishing high switching costs?
creating high switching costs, making it economically infeasible for customers to buy from competitors
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what is the benefit of creating new products or services?
offering a unique product or service
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what is the benefit of differentiating procuts or services?
attract customers by convincing them its product differs from the competitions
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what is the benefit of enhancing products or services?
product or service is better than anyone else's.
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what is the benefit of establishing alliances?
companies from different industries can help each other gain advantage by offering combined packages of goods or services at special prices.
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what is the benefit of locking in suppliers or buyers?
can lock in either suppliers or buyers, making it economically impractical for suppliers or buyers to deal with competitors
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what does a binary counting system consist of?
only 0s and 1s
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