IBIS Exam Revision Learning tasks 1,3,4,5 Section B is divided into Six (6 parts) Part A: Business Intelligence: 2 questions covering .... 1. Data, Information, Knowledge 2. Business Intelligence Part B: Info. Systems Development & Management: 2 questions covering .. 3. System development and implementation 4. Business process modelling ... Part C: Connectivity: 2 questions covering. 5. Social Media 6. Mobile Devices Part D: Competitive Advantage: 1 question covering .... 7. Competitive Advantage PartE: Strategic Initiatives: 2 questions covering .... 8. CRM 9. ERP Part F: Global Issues: Ethics, Privacy and Security: 3 questions covering .... 10. Ethics an Privacy 11. Global economy 12. Security Lecture 1- Unit Overview basic business Business Business Types Business Models Data Information Knowledge Global Ethics Legal Culture Technology Databases Networks Porters 5 Forces Security Value Chain Business Information Systems eCommerce e Business mCommerce Strategic Initiatives (SCM, CRM, ERP)
Business component Information systems (IS) - Is a group of components that interact to produce information. These consist of the 5 components of hardware, software, data, procedures and people. A set of interrelated elements or components that collect (input), manipulate (process), store and disseminate (output) data and information, and provide a feedback mechanism to meet an objective. Management information systems (MIS) - is the development and use of information systems that help the business achieve their goals and objectives. It's the function that plans for, develops, implements, and maintains IT hardware, software, and applications that people use to support the goals of an organization. Is the solution to get departments working interdependently. Seamless transfer of data from one department to another Data from all departments can been seen, gathered, used. Improved intelligence & knowledge & business decisions. Way of monitoring the entire system by viewing multiple inputs being processed or transformed to produce outputs, while continuously gathering feedback on each part Information technology - refers to raw technology and concerns only the software and data components of an information system. Its a computer-based tool that people use to work with information, support information and the information-processing needs of an organization. Business models - encompass the activities performed by a company to create, deliver and generate revenue or other benefits Types of business Sole proprietorship - a type of business entity that is owned and run by one individual or one legal person and in which there is no legal distinction between the owner and the business. Partnership - an association of two or more people as partners. Corporation - a large company or group of companies authorized to act as a single entity and recognized as such in law. Technology component · Introduction into network and internet fundamentals as well as systems design and development using the Systems Development Life Cycle (SDLC) and Process Modelling using Swim Lane or DFDs which illustrate a system. · Database fundamentals for the management of company data. · Security issues pertaining to networks and databases to ensure privacy of information. The overlap between Business and Technology include the differentiation between