Chapter 1 - IT for business and business professionals. After studying this chapter you will be able to understand: The importance of information systems, What’s in IT for me? What’s in IT for an organization? What’s in IT for society? | Chapter 1 IT for Business and Business Professionals © John Wiley & Sons Canada, Ltd. 1- WHAT WE WILL COVER • The Importance of Information Systems • What’s in IT for Me? • What’s in IT for an Organization? • What’s in IT for Society? © John Wiley & Sons Canada, Ltd. 1- THE IMPORTANCE OF INFORMATION SYSTEMS It’s an important part of our everyday lives. In less than a decade people have embraced the Internet completely, while other shifts have taken multiple decades. Technology is improving at 1% each week (Moore’s Law). People must keep up with changes or be left behind. © John Wiley & Sons Canada, Ltd. 1- WHAT IS AN INFORMATION SYSTEM? An information system (IS) is an organized collection of people, information, business processes, and information technology (IT) designed to transform inputs into outputs in order to achieve a goal. “ ” © John Wiley & Sons Canada, Ltd. 1- IS COMPONENTS Input Process Output Data Information Knowledge Information Technology (IT) Business Processes People Decision Business Value data-information-knowledge continuum © John Wiley & Sons Canada, Ltd. 1- Although technology is a key enabler, it is still up to humans to take data and information and turn it into knowledge and wisdom. Knowledge Hierarchy: showing the relative level of human involvement, cost, and complexity . © John Wiley & Sons Canada, Ltd. 1- IMPORTANT DIFFERENTIATION Information Systems Information Technology Combining 3 elements: People Process Technology Transforms inputs to attain a goal Collection of tools: Hardware Software Connectivity Enabler of achieving goals Without context of clear goal, the technology is irrelevant VS © John Wiley & Sons Canada, Ltd. 1- WHAT’S IN IT FOR ME? Personal Productivity and Entertainment Careers: Accounting Marketing Human Resources Finance Front-line Roles Technical or Managerial Paths Entrepreneurship Law Consulting IT © John Wiley & Sons Canada, Ltd. 1- ICT Information and Communication . | Chapter 1 IT for Business and Business Professionals © John Wiley & Sons Canada, Ltd. 1- WHAT WE WILL COVER • The Importance of Information Systems • What’s in IT for Me? • What’s in IT for an Organization? • What’s in IT for Society? © John Wiley & Sons Canada, Ltd. 1- THE IMPORTANCE OF INFORMATION SYSTEMS It’s an important part of our everyday lives. In less than a decade people have embraced the Internet completely, while other shifts have taken multiple decades. Technology is improving at 1% each week (Moore’s Law). People must keep up with changes or be left behind. © John Wiley & Sons Canada, Ltd. 1- WHAT IS AN INFORMATION SYSTEM? An information system (IS) is an organized collection of people, information, business processes, and information technology (IT) designed to transform inputs into outputs in order to achieve a goal. “ ” © John Wiley & Sons Canada, Ltd. 1- IS COMPONENTS Input Process Output Data Information Knowledge Information Technology (IT) .
