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13 Terms
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1
Information Technology (IT)
Technology that includes tools, hardware, software, and networks.
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2
Information Systems (IS)
IT combined with people, processes, and structure.
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3
Data
Codified raw facts recorded digitally as letters and numbers.
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4
Information
Processed, structured, or given meaning data that is interpretable.
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5
Information Literacy
The ability to recognize information as an essential managerial skill.
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6
Business Process
A set of coordinated activities that lead to a specific goal or outcome.
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7
System
Interconnected components processing inputs into outputs to achieve a goal.
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8
Characteristics of a System
Goal-oriented and interrelated components working together.
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9
IS Processing Cycle
Includes input (data collection), processing (data transformation), storage (data retention), output (usable information), and control (ensuring accuracy).
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10
Elements of Information Systems (IS)
Includes data, hardware, software, communication media, procedures, and people.
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11
Open Systems
Interact with their environment, exchanging information and adapting to changes.
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12
Closed Systems
Operate in isolation with minimal external interaction.
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13
Feedback & Control
Ensuring proper IS operation, often using feedback loops.
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