Lecture on Business Technologies and Information Systems

A collection of flashcards covering key concepts from the lecture on Business Technologies and Information Systems.

Information System

A group of components that interact to produce information.

Data

Something of value that can be stored as various formats such as documents, spreadsheets, and video files.

Database

A structured set of data held in a computer, typically accessed and managed by software.

Online Transaction Processing (OLTP)

A system that collects data electronically and processes transactions online.

Online Analytical Processing (OLAP)

A category of software technology that enables analysts to extract and work with data.

Business Intelligence (BI)

Technologies and strategies for analyzing business data to support decision-making.

Information Technology (IT)

Raw technology used in information systems, including hardware and software.

Information Systems (IS)

A system of hardware, software, data, procedures, and people that produces information.

Business Reporting

Reports that provide information, analysis, and recommendations to assist in informed business decisions.

Benefits of Business Analytics

Improve productivity, inform decision making, enhance collaboration, and increase customer satisfaction.