ITEC 1010 Chapter Notes - Chapter 1: Transaction Processing System, Management Information System, E-Commerce

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Success in business is largely determined by the effectiveness with which information technology is used. Information technology is embeded in many products and services. Work process is being transformed to increase productivity. Data - are raw facts or elementary descriptions. Examples: postal code, street name, street number, air temperature, etc . Information - is a collection of facts (data) organized in some way to be meaningful to a user. Example: street number, name, city name, postal code provide us with the following address: 555 pharmacy ave. , toronto, m1l 3g1. Knowledge - consists of information that has been processed and organized to carry understanding and experience. Knowledge is the awareness and the understanding of information and of the ways to make the information useful for a particular task. Process a set of logically related tasks performed to achieve a defined outcome. Information system (is) - is collects, processes, stores, analyzes and disseminates information for a specific purpose.

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