BUS 237 Chapter Notes - Chapter 1: Information System, Network Effect

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 237
• Professor: Jan Kietzmann

Document Summary

An information system is a group of components that interact to produce information. An is includes a five component framework of: Hardware electronic components and associated gadgetry that constitute a computer system. Software programs/applications than run/operate on computer systems. Data basic building blocks of information such as facts and observation. Procedures instructions followed to achieved the desired outcome. Information and communications technology (ict) sector is special because it provides products and services to other industries such as retail, manufacturing, insurance, etc. It is comprised of nearly 3% of canadian workers, and generates. Since 2007, on average the annual growth of this sector has been. 1. 6% which is twice as much as the overall economy growth at 0. 9% Difficult to make predictions due to instability of human ingenuity/innovation. Moore"s law noted that density of circuits on an integrated chip was doubling approximately every two years or so.