Lecture Notes on Digital Transformation and Information Systems

A collection of definitions related to digital transformation, information systems, and business strategies.

Knowledge Workers

Individuals who synthesize knowledge as a fundamental part of their jobs, requiring years of training to master current information.

Digital Divide

The gap between those who have access to information systems and those who do not, impacting education and job opportunities.

Outsourcing

Obtaining goods or services from external suppliers instead of internal sources, made easier by globalization.

Big Data

Large and complex datasets characterized by high volume, variety, and velocity, leading to new value-added interactions.

Information Systems

A collection of data and information used to support the management of an organization, including hardware and software.

GenAI

A predictive learning model designed to dynamically create original content according to specified prompts.

Digital Density

The number of people and objects connected through digital means, enabling new interactions and business models.

Network Effect

The idea that the value of a network grows as more users join.

Tokens

Small inputs derived from prompts, encoded to create links and analyzed for generating responses.

Cloud Computing

A system where programs and data are stored on a central server and accessed virtually.

Disintermediation

The process of eliminating intermediaries in a supply chain or transaction.

Database Management System (DBMS)

A program used to create, process, and administer databases.

Data Mining

The process of analyzing data to discover predictive relationships and extract meaningful information.

Business Process Management

The notion that radical redesign of organizational processes may be necessary to reduce costs and improve quality.

Enterprise Resource Planning (ERP)

Integrated software used to manage and interpret data from day-to-day business activities.

Cloud Characteristics

Features of cloud computing such as on-demand self-service, broad network access, and rapid elasticity.

Collaboration Software

Software that enables people to work together more effectively through various communication modes.

E-tailing

The selling of retail goods on the internet, allowing businesses to reach a global customer base.