Business Information Systems in Your Career

US ecommerce sales

The total sales of goods and services conducted online in the United States

growth rate

The percentage increase in a specific quantity over a period of time

American consumers

Individuals residing in the United States who purchase goods and services

Internet advertising

The promotion of products or services using the internet as a medium

data storage

The process of storing information in a structured manner for future use

business transformation

The changes in business practices, strategies, and operations to adapt to new circumstances

new technologies

Recent advancements in tools, systems, or methods that have the potential to improve business operations

artificial intelligence

The simulation of human intelligence in machines, enabling them to perform tasks that typically require human intelligence

cloud computing

The delivery of computing services over the internet, allowing users to access and use resources remotely

Big Data

Large and complex data sets that require specialized processing techniques to extract valuable insights

Internet of Things

A network of physical devices connected to the internet, enabling them to collect and exchange data

mobile digital platform

Technology that enables access to digital content on mobile devices, such as smartphones and tablets

return on investment (ROI)

A measure of the profitability of an investment, indicating the return generated relative to the cost of the investment

online collaboration

The act of working together on a project or task using digital tools and platforms

social networking

Online platforms that facilitate social interactions and connections between individuals

security and privacy

The protection of information from unauthorized access or disclosure, ensuring confidentiality and integrity

social business

An organization that integrates social and environmental goals with its business objectives

telework

The practice of working remotely using telecommunications technology, allowing individuals to work from any location

globalization

The integration and interdependence of economies and cultures worldwide, resulting in increased interconnectedness

flattened world

The reduction of economic and cultural advantages traditionally held by developed countries, resulting in a more level playing field

business drivers

Factors that motivate businesses to invest in information systems, such as improving efficiency or gaining a competitive edge

operational excellence

The achievement of higher efficiency and productivity in business operations, leading to improved performance and cost savings

new products

Innovative goods or services that are introduced in the market, offering unique features or benefits

customer and supplier intimacy

The establishment of strong relationships with customers and suppliers, fostering trust and collaboration

improved decision making

The enhancement of the quality and speed of decision-making processes through the use of information systems and data analysis

competitive advantage

The superiority over competitors in terms of products, performance, or response to market demands, resulting in a stronger market position

survival

The necessity of investing in information systems to stay in business and remain competitive in the rapidly evolving business landscape

information technology

The hardware and software used by a business to achieve its objectives, encompassing computer systems, networks, and software applications

information system

The components that manage information to support decision making and control within an organization, including people, processes, and technology

data

Raw facts or observations that are collected and processed to create meaningful information

information

Data that has been processed and organized into a meaningful and useful form, providing insights and knowledge

problem solving

The process of identifying and resolving business problems using logical and analytical thinking

critical thinking

The ability to suspend judgment, evaluate multiple perspectives, and analyze information objectively

business objectives

The goals that a business aims to achieve, guiding its strategic decisions and actions

ethical dilemma

A situation where a decision involves conflicting moral principles, requiring careful consideration of ethical implications