RSM100Y1 Chapter Notes - Chapter 14: Computer Hardware, Software, Uptodate
Document Summary
Data consist of raw facts and figures that may or may not be relevant, or meaningful, to a business decision. Information is knowledge gained from processing those facts and figures. An information system is an organized method for collecting, storing, and communicating past, present, and projected information on internal operations and external intelligence. (most use computer and telecommunications) A large organization typically assigns responsibility for managing its information systems and related operations to an executive called the chief information officer (cio). Over the past 10 years, the role of a cio has changed from being a technical role to being a business partner who often applies strong influence over a company"s strategy. Information systems gather data from inside and outside the organization; they then process the data to produce information that is meaningful to all aspects of the organization. Information can make the difference between staying in business and going bankrupt.
