IT APP - L1

Modern Information Technology

The application of computers and telecommunications equipment to store, retrieve, transmit, and manipulate data.

Digitization

The process of converting information from a physical format into a digital one.

Digitalization

The use of digital technologies to change business models and provide new revenue or value-producing opportunities.

Data

A set of facts and figures, represented as binary digits and stored digitally in a computer.

Information

Data that is processed, organized, and structured to provide meaning sufficient for decision-making.

Business

Assets that are used in the production of goods and services.

Technology

Machinery and equipment developed from the application of scientific knowledge.

Cloud Computing

The delivery of computing services over the internet, allowing for on-demand access to data and applications.

Business Performance Management

A set of processes that helps organizations improve their business performance.

External Factors

Elements outside of an organization that can influence its success, including suppliers, regulations, economy, society, and technology.

Information Era

A period characterized by the shift from traditional industries to an economy based on information technology.

Information Systems (IS)

A structured system designed for collecting, storing, managing, and processing data.

Cybersecurity

The practice of protecting systems, networks, and programs from digital attacks.

Blockchain

A decentralized digital ledger technology that records transactions across many computers in a secure and verifiable way.

Business

Exchange of products and/or services

Set of activities and assets that is capable of being conducted

Goal is to provide added value to clients and end-users