5.9 Management and information systems

Management Information Systems (MIS)

A digital tool that collects and analyses business data to support decision-making. It helps managers track performance metrics and is crucial for enhancing operational efficiency

Databases

An organised digital system designed for storing and managing data efficiently. Businesses rely on databases to handle extensive data and oversee inventory management accurately.

Cybersecurity

the protection of digital systems, networks, and data from unauthorised access, theft, and damage. It safeguards company and customer data.

Cybercrime

Illegal activities conducted using digital devices. Common cybercrimes include hacking, and identity theft, which can disrupt business operations.

Artificial Neural Networks (ANNs)

AI systems modeled on the human brain, designed to process large and complex data sets. Businesses use ANNs for tasks to enable advanced machine learning and automation, improving accuracy and efficiency.

Data Centers

Secure facilities that house and manage large amounts of digital data. They ensure data availability and business continuity.

Cloud Computing

The delivery of computing service over the Internet. Cloud computing allows businesses to access data and collaborate remotely, reducing IT costs and increasing scalability and flexibility.

Virtual Reality (VR)

the use of computer technologies to create a simulated 3D experience. Users can interact with the simulations using specifically designed hardware such as headsets.

Internet of Things (IoT)

any Internet-enabled device that enables people to store, share, and transfer data with other electronic devices. It helps address specific needs of the consumer by collecting and sharing data

Metaverse

a virtual and interactive digital environment where users can engage with content in real time through 3D technologies.

Big Data

extensive information assets that demand innovative forms of information processing that enable enhanced insight, decision making, and process automation