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Information System
a set of hardware, software, data, people, and procedures that work together to produce information
Information Technology (IT)
the computers and other electronic devices used to store, retrieve, transmit and manipulate data
Management Information Systems (MIS)
A business function, like accounting and human resources, which moves information about people, products, and processes across the company to facilitate decision-making and problem-solving
Analytics
Tools and Techniques for data driven decision making
Computer Science
Why does the tech work?
Information Technology (IT)
How does the tech work?
Management Information Systems (MIS)
Which Tech would work best?
Technical Approach
This socio-technical view focuses on the mathematical based models, such as, computer science, management science, etc.
Behavioural Approach
this socio-technical view focuses on the behavioural issues, such as, Psychology, economics, sociology
Input, Processing, Output
The three core activities of information systems
> The ability to tap into collective intelligence
> Relies on user-generated and user-controlled content
> Lightweight programming tech let anyone become a website developer
> Can be easily adapted to meet changing needs
Characteristics of Web2.0
user-generated content
Various forms of media content that are publicly available and created by end-user
Web2.0
refers to applications on the web that allow users to interact to user generated content, design, and callobration; includes the function of social media websites
> Needs to be published either on a public website or a social networking site accessible to a select group
> Needs to show a certain amount of creative effort
> Needs to be created outside of professional practices
3 Basic Requirements for User-Generated Content
Functional Information System
System for processing payroll
Transaction Processing System (TPS)
Walmart self checkout
Enterprise Resource Planning (ERP)
Oracle, Sap system
Social Media
a group of internet based application that builds on the ideological and technological foundations of Web2.0, and allow the creation and exchange of user-generated content
> allows businesses to engage with customers, prospects, partners and networks
> create opportunity by communicating and sharing information
> manage reputation
Social media implications for business
Structured Data
information with a high degree of organization, such that inclusion in a relational database is seamless and readily searchable by simple, straightforward search engine algorithms or other search operations
unstructured data
nonnumeric information that is typically formatted in a way that is meant for human eyes and not easily understood by computers
Traditional Approach
The data analysis approach in which business users determine what questions to ask and then the information technology structures the data to answer the question
Big Data Approach
the data analysis approach in which information technology delivers a platform to enable creative discovery then business users explore which questions can be asked.
volume, variety, velocity, veracity
The four V's of Data analysis challenges:
Social Networking Analysis (SNA)
measuring of relationships and flow between people, groups, organizations, computers, or other information or knowledge processing entities.
Network
a group of two or more people and/or computer systems linked together
social commerce
social interactions and user contributions allow customers to participate actively in the marketing and selling of products and services in online market places and communities
End-users, Use cases, Functionality
Three factors that cause social media to fluctuate
Objective, Tactics, Metrics
Components of Social media Strategies
Metrics
Measurements that evaluate results to determine whether a project is meeting its goals
Tactics
Customers, Sharing, Who, and Brand alignment are components of which components of social media strategy
Classic Objective
Increase sales, decrease expenses, improve ROI
Social Objective
Engagement, influence, advocacy, personalization
Plan, Do, Check, Act
What is the framework for strategy?
Activity Metrics
which type of metrics involves page views, unique number of visitors, and time spent on site.
Return on Investment (ROI)
Which type of metrics involve sales and marketing
Tactical Metrics
this is an example of which type of metrics:
"increase traffic to our website by 10%"
Strategic metrics
This metric involves consumers responses
Web1.0
Which Web is the users not involved
Web2.0
Social networking sites, Video sharing sites and wikis are examples of what?
Enterprise2.0
Web2.0 technologies used for a business purpose
Wikis
A website that allows the easy creation and editing of any number of interlinked web pages, using a simplified markup language
Rich Site Summary (RSS)
a feed for websites such as news and blogs to notify a user when there
Aggregators
software programs that go out and grab the latest updates of web material according to your specifications
Mashup
a website or web application that uses content from more than one source to create a completely new product or service
Mashups
Padmapper.com
Portwiture.com
Trendsmap.com
are examples of what
Application Programming Interface (API)
A block of code in the operating system that software applications need ignorer to interact with each other.
Folksonomy
common feature of most social media and web2.0 platforms. it creates a common and shared vocabulary of related terms of key words with each unique type of content.
Spreadsheet
A grid of rows and columns in which you enter text, numbers, and the results of calculations.
Alternatives to Excel
ProofHub, Google Sheets
Worksheet
A computerized spreadsheet, that may contain data include, text, numbers, formulas, charts, etc.
Workbook
a collection of related worksheets
Select All Button
top left of the worksheet, inward facing triangle
status bar
Displays information about the selected command or operations in progress
Cell
an intersecting column (letter) and intersecting row (number) such as A5 or $A$5
Range
a set of cells described by the top left most cell of desired cells to the bottom right most cell of desired cell. (A1:B5 or $A$1:$B$5)
Relative References
used when you want to referenced cell to change along with the formula being copied from one place to another in a worksheet (A5 or A5:B6)
Absolute References
used when you want the referenced cells to remain the same when the formula is being copied from one place to another in a worksheet ($A$5 or $A$5:$B$6)
Mixed References
• $A5 where the column will not change when copied, but the row will change.
• A$5 where the column will change when copied, but the row will not change.
Auto Fill
An Excel feature that automatically fill cells with data, formatting, or both. By dragging the "fill handle" over adjacent cells
Formulas
Must start with an equals sign, used to perform operations and arrive at a calculated result.
Functions
predefined worksheet formulas that enable you to perform complex calculations easily
Sorting
arranging data it in a certain order such as alphabetic or numeric
Filtering Data
the process of displaying only records that meet specific conditions
Flash Fill
A new feature in Excel that is similar to AutoFill.
When Excel recognizes a pattern based on other information in
your workbook, it uses the pattern to enter data into several cells
at once.
Filtering Unique Values
a data delivery function which is used to filter and deliver unique values from a list
Data Delivery Functions
These functions can be used to verify data, search for data, transform data or deliver data from one point to another, however they do not perform calculations.
Data Validation
A set of rules that determine what users can enter in a specific cell or range. Often used to create dropdown menus
lookup functions
used to retrieve values from a table based on lookup values
Lookup Tables
Tables containing data that computer programs can develop and use to simplify and shorten data entry
Subtotals
used to summarize a list of data after the list of data has been sorted by the field which you wish to use
Grouping
Organizing data so it can be viewed as a collapsible and expandable outline.
Heuristics
Methods used to speed up the process of finding a good enough solution, where an exhaustive search or advanced problem-solving techniques are impractical.
Logical test
Any expression that can be evaluated and returns as logical values. (true or false.)
Logical Function
AND, OR, NOT functions are examples of this kind of function:
AND Function
this logical function allows you to test the condition of more than one criterion and only returns true if all tested conditions are true
OR Function
a logical function that returns a TRUE value if any of the logical conditions are true, and a FALSE value if none of the logical conditions are true
NOT Functions
used when you want to make sure a value is not equal to one particular value
Conditional Functions
Results of this functions may be a specified value or a calculated value (including IF, Count IF, SUM IF, Average IF)
IF functions
evaluates whether a condition or a logical test is true or false and returns one value if the condition is true and another value if the condition is false
Nested IF Function
when one IF function is placed inside another IF function to test an additional condition
COUNT IF FUNCTION
Returns the number of cells in a range that meet a condition set forth in a formula
SUM IF FUNCTION
used to calculate the total for a set of values that match a specific criterion
AVERAGE IF FUNCTION
used to calculate the average for a set of values that match a specific criterion
Mental, Visual, Physical, Mathematical
Types of Models
Models
Simplified versions of what they are representing
A Computer Model
A set of mathematical relationships and logical assumptions implemented in a computer as a representation of some real-world object or phenomenon (ex. Spreadsheets)
Modelling Approach to Problem solving
Decisions, Outcomes, structure, and data are components of :
90%
the percentage of all spreadsheets that have errors that affect their results
Annuity
a series of cash payments made over a continuous period
Business Intelligence (BI)
a broad category of applications, technologies, and processes for gathering, storing, accessing, and analyzing data to help business users make better decisions
Business Intelligence Components
Reporting, Analytics, Dashboards
Dashboards
Reporting mechanisms that aggregate and display metrics and key performance indicators. helpful in decision making
Types of Dashboards
strategic, analytical, operational
Strategic Dashboard
Provides an overview of an organization. Easy to access and read computer program that integrates a variety of performance measures into one display, usually with graphs or charts.
Analytical Dashboards
support sophisticated data analysis by facilitating rich comparisons and fine-grained performance evaluations
Operational Dashboards
uses simple display media to quickly identify and understand events and to ensure timely responses
Strategic
which dashboards are most common through the use of excel
Types of Visualization and Display Media for Dashboards
highlighted text, summarized text, Icons, Graphs, charts,
and sparklines
Charts
Graphic representation that present information in easily interpreted formats