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What is MIS?
the development and use information systems and their use in business and other organizations
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an information system inputs ____ and processes it to produce ____
data; information
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The key difference between data and information is that
information is helpful to managers who must make business decisions
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What are the 5 components of an information system?
hardware, software, data, people, and procedures
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________ replaced manual bookkeeping functions by automating the process of recording transactions.
Transaction Processing Systems
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A management information system (MIS) generates...
standardized reports that are actually printouts of summarized transaction data obrained from the TPS
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Management Information System also produces..
sales summary reports, purchase summary reports, purchase summary reports, or inventory change reports in a standardized format
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A Decision Support System (DSS) is a what?
- an interactive information system that managers use to generate information that can be useful when they must make non-routine business decisions under conditions of uncertainty about the future
- ex. spreadsheet program that can be used to do "what if" analysis
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What is an Executive Information System (EIS)
type of information system intended to support the information and decision making needs of senior executives who concern themselves with meeting the strategic goals of the organization
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Which information system displays data using a lot of color-coded graphics, has a very easy-to-use user interfaces, and provides drill-down capabilites that allow users to display increasing levels of detail about sales data
Executive Information System (EIS)
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What is an Expert System (ES)
information system that performs a task that would otherwise be performed by a human professional
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Which type of information system is used to diagnose human illnesses, recommend stock investment options, and may make financial forecasts?
Expert System (ES)
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Expert System (ES) uses a knowledge ____ about a particular area and a set of ____ rules
base of facts, "if/then"
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Web 2.0 is the term used to refer to...
the new ways that people are able to use the “Web”. The new way can be described briefly as “user a contributor / user as collaborator”
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What is a wiki?
A web page that contain text that others can read and contribute to by adding and editing the (original) text on the pages
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What is a blog?
A web page that contain online chronological postings about a particular topic that others can read and contribute to by posting comments
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What is crowd sourcing?
refers to the effort of getting a collection of people to collaborate with you to develop a project or solve a problem
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What is an open innovation?
refers to the effort of inviting any one to submit a solution to an unsolved problem)
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