Information systems specific to the annually issued case study (IB)

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34 Terms

1

Information Systems

They help businesses improve operational efficiency, gain competitive advantages, and encourage innovation.

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2

Information System (IS)

A collection of components that work together to gather, store, process, and share data and information.

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3

Case Study

A detailed examination where students analyze how a specific company uses Information Systems.

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4

Transaction Processing System (TPS)

A system that handles everyday business transactions like sales and purchases.

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5

Management Information System (MIS)

A system providing managers with reports and tools for decision-making and managing daily activities.

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6

Decision Support System (DSS)

A system assisting managers in making complex decisions by providing analytical tools.

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7

Executive Information System (EIS)

A system providing top executives with a quick overview of the organization's performance.

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8

Enterprise Resource Planning (ERP) System

A comprehensive system integrating various business processes across departments.

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9

Customer Relationship Management (CRM) System

Tools that manage interactions with current and potential customers to improve service.

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10

Knowledge Management System (KMS)

A system that stores and shares organizational knowledge to enhance collaboration.

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11

Operational Efficiency

Improvement in business processes through automation and streamlined operations.

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12

Strategic Decision-Making

Making informed choices based on real-time, accurate data.

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13

Innovation

The development of new products and services using market analysis and customer feedback.

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14

Globalization

Extending business operations and managing projects across different countries using IS.

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15

Data

Raw facts and figures without context.

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16

Information

Processed data that provides meaningful context.

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17

Knowledge

The ability to effectively use information for decision-making.

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18

System Integration

Ensuring various Information Systems collaborate effectively.

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19

System Selection

Choosing the best Information System based on cost and functionality.

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20

Implementation Considerations

Evaluating challenges, costs, user training, and data migration.

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21

Ethical Considerations

Ensuring responsible data use and compliance with privacy laws.

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22

Data Privacy

The obligation to protect personal information.

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23

Cybersecurity

Measures taken to safeguard a company’s data and technology from digital threats.

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24

Overall Business Impact

Enhancement of efficiency, innovation, and decision-making performance in business.

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25

Information Systems Analysis

The process of examining an organization's Information Systems to identify improvements and support decision-making.

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26

Data Management

The practice of organizing and maintaining data processes to ensure data accuracy and accessibility.

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27

Business Intelligence (BI)

Technologies and practices for analyzing data to help inform better business decisions.

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28

Cloud Computing

Delivery of computing services over the internet, allowing for flexible resources and data access.

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29

Change Management

Processes and strategies used to manage the transition of an organization’s processes or systems.

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30

User Interface (UI)

The means by which a user interacts with a computer system or software.

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31

Big Data

Large and complex data sets that traditional data processing applications cannot deal with effectively.

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32

Artificial Intelligence (AI)

The simulation of human intelligence processes by machines, especially computer systems.

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33

Data Analytics

The science of analyzing raw data to discover patterns and insights.

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34

Mobile Application (App) Development

The process of creating software applications that run on mobile devices.

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