ITM 100 Chapter 13: GMS200 Chapter 13

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: Debashish Roy

Document Summary

Society is now highly information driven, digital, networked and continuously evolving. Ca(cid:396)ee(cid:396) a(cid:374)d pe(cid:396)so(cid:374)al su(cid:272)(cid:272)ess i(cid:374)(cid:272)(cid:396)easi(cid:374)gl(cid:455) (cid:374)eeds 3 (cid:862)(cid:373)ust ha(cid:448)e (cid:272)o(cid:373)pete(cid:374)(cid:272)ies(cid:863) Technological: ability to understand new tech and use them to best advantage. Analytical: ability to evaluate and analyze info to make actual decisions and solve. Information: ability to locate, gather, organize and display info problems. Management process (plop) need good information and need it all the time. Analytics: systematic gathering and processing of data to make informed decisions. Information technology: helps us acquire, store, process, analyze and transmit info. Help bring financial transparency to all levels of organization. Big picture info: companies can easily share latest financial results so employees know current profits and can compare with past and desired results. Business/function specific info: companiescan make sure plant workers know, costs, marketing people know sales expenses relative to revenue, and customer service workers know how cost per service.