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IU - K 201 - BUS-K201 Lecture Exam 1 Study Guide - Study Guide

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IU - K 201 - BUS-K201 Lecture Exam 1 Study Guide - Study Guide

School: Indiana University
Department: OTHER
Course: The Computer in Business
Term: Spring 2018
Tags:
Name: BUS-K201 Lecture Exam 1 Study Guide
Description: An updated version of the study guide.
Uploaded: 02/26/2018
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background image The Importance of MIS 1,2,3,5,12 We live in the  Information Age, basically where the production, control and  distribution of information is the main driver of the economy Started in the 1970’s with the  Digital Revolution: the conversion from  mechanical/analog devices to digital devices In the 70’s Gordon Bell came up with  Bell’s Law that states “a new  computer class forms roughly each decade, establishing a new industry”. 
In other words, digital devices will evolve so quickly that new industries, 
platforms etc will establish every 10 years
In the 60’s Gordon Moore came up with  Moore’s Law that states that  “The number of transistors per square inch on an integrated chip doubles 
every 18 months.”
Then comes   Metcalfe’s Law which states that the value of a network is  equal to the square of the number of users connected to it. In other words,
as more digital devices are connected together, the value of that network 
will increase.
It is not the number of users on the network that is changing the way we 
use digital devices, its the speed of the network.
Nielsen’s Law, named after Jakob Nielsen, says that network connection 
speeds for high­end users will increase by 50 percent per year.
Kryder’s Law, named after Mark Kryder, says that the storage density on 
magnetic disks is increasing at an exponential rate.
Important Nonroutine Cognitive Skills Abstract reasoning is the ability to make and manipulate models. Systems thinking is the ability to model the components of the system to 
connect the inputs and outputs among those components into a sensible 
whole that reflects the structure and dynamics of the phenomenon 
observed.
Collaboration is the activity of two or more people working together to 
achieve a common goal, result, or work product.
Effective collaboration isn’t about being nice. In fact, surveys 
indicate the single most important skill for effective collaboration is 
to give and receive critical feedback.
Experimentation is making a reasoned analysis of an opportunity, 
envision­ ing potential solutions, evaluating those possibilities, and 
developing the most promising ones, consistent with the resources you 
have
What is MIS? MIS stands for management information systems.
background image Confused with  IS but they’re different An  information system (IS) is an assembly of hardware, software, data,  procedures, and people that produces information. Information technology (IT) refers to the products, methods, inventions, 
and standards used for the purpose of producing information.
You cannot buy an IS. But you can buy IT MIS has three key elements:  management and use  information systems Strategies. Components of an Information System system is a group of components that interact to achieve some  purpose. An  Information System is a group of components that interacts  to produce information. Five­Component Framework—a model of the components of an 
information system 
Computer hardware  Software  Data Procedure computer­based information system an information system that  includes a computer
background image How does the Five­Component Framework Work? Most important component:  YOU Without humans, all the hardware software etc. is useless All the components must work Necessary Data Characteristics: Accurate Timely Relevant To context To subject Just sufficient Worth its cost Chapter 2 ­ Collaboration Information Systems What are the two key characteristics of collaboration? Cooperation: is a group of people working together, all doing essentially 
the same type of work, to accomplish a job.

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School: Indiana University
Department: OTHER
Course: The Computer in Business
Term: Spring 2018
Tags:
Name: BUS-K201 Lecture Exam 1 Study Guide
Description: An updated version of the study guide.
Uploaded: 02/26/2018
11 Pages 62 Views 49 Unlocks
  • Better Grades Guarantee
  • 24/7 Homework help
  • Notes, Study Guides, Flashcards + More!
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