RSM100Y1 Chapter Notes - Chapter 14: Chief Information Officer, Operations Support System, Management Information System
Document Summary
An effective information system can help answer these and many other questions. Data: raw facts and figures that may or may not be meaningful to a business decision. Information system: an organized method for collecting, storing, and communicating past, present, and projected information on internal operations and external intelligence: most information systems today use computer and telecommunications technology. They can manage a huge flood of information by organizing data in a logical and accessible manner. The processing steps can include storing data for later use, classifying and analyzing it, and retrieving it easily when needed: many companies and nations combine high-tech and low-tech solutions to manage the flow of information. E-mail, wireless communications, and videoconferencing are increasingly common, but they haven"t totally replaced paper memos, phone conversations, and face-to-face meetings. Information can make the difference between staying in business and going bankrupt.
