Understanding Software in Management Information Systems

These flashcards cover key vocabulary and concepts related to software in Management Information Systems, useful for exam preparation.

Digital Transformation

A process of using digital technologies to change business models and create new revenue and value-producing opportunities.

Enterprise Resource Planning (ERP)

Integrated software platforms used to manage core business processes.

Customer Relationship Management (CRM)

Software systems that help organizations manage their relationships and interactions with customers.

Cloud-based Applications

Software solutions that are hosted on remote servers and accessed via the internet rather than installed locally.

System Software

Software designed to manage hardware and basic system operations, typically runs in the background and includes operating systems and utility programs.

Application Software

Programs that help users perform specific tasks, such as word processing or data management.

Database Management System (DBMS)

Software that uses a standard method to store and organize data, providing access and management capabilities.

Middleware

Software that connects different applications or services, facilitating communication and data management between them.

Transaction Processing Systems (TPS)

Information systems that manage transaction data and ensure accurate record-keeping.

Total Cost of Ownership (TCO)

The comprehensive assessment of all costs associated with purchasing, operating, and maintaining software and hardware systems.