Cloud Computing Platforms correct answers - New Tech in MIS
- Having access to the internet allows some services to be moved online
- Everyone has access to information that is present on the network
Big Data/Internet of Things correct answers - New Tech in MIS
- Look for trends
Mobile Dig...
BSAD 353 Exam 1 || with 100% Errorless Answers.
Cloud Computing Platforms correct answers - New Tech in MIS
- Having access to the internet allows some services to be moved online
- Everyone has access to information that is present on the network
Big Data/Internet of Things correct answers - New Tech in MIS
- Look for trends
Mobile Digital Platform correct answers - New Tech in MIS
- Don't always have to be at a desktop to finish things
- Millions of applications that can act as support to main services
Social Network and Collaboration correct answers - New Management in MIS
- Using Microsoft Teams, Google drive, etc. to support collaboration over the network
Business Intelligence Applications correct answers - New Management in MIS
- Data analytic dashboards
- Help with real-time analytics for decision making
Virtual Meetings correct answers - New Management in MIS
- Reduce travel times and travel costs
Social Business correct answers - New Organization in MIS
- Social network platforms
- Improve relations with customers, suppliers, and even employees
Telework correct answers - New Organizations in MIS
- Laptops, internet, etc allow working from home now
Co-Creation of Value correct answers - New Organizations in MIS
- More value on interacting with customers to define new products and services
- Move things to a more global scale as well.
Globalization correct answers - With increase in tech and the ability to communicate, the
disadvantages of underdeveloped countries has decreased
- Developed countries rely heavily on imports and exports from foreign countries
- Now high level jobs can span globally meaning opportunities everywhere
- With the internet → huge reduction in costs of operating and transactions globally
Operational Excellence correct answers - Objective achieved by IT
- Efficiency = profits
- Info systems can improve efficiency and productivity
New Products, Services, and Business Models correct answers - Objective achieved by IT
- Use info systems to make new products, services, and models
, - Apple transformed music industry → changed the business model for the music distribution
Business Model correct answers - How a company produces, delivers, and sells a product to
create wealth
Customer and Supplier Intimacy correct answers - Objective achieved by IT
- Serve the customers well → customers will be repeats and buy more
- IT can track customer preferences as well
- Engaging with suppliers → suppliers can provide vital inputs
Improved Decision Making correct answers - Objective Achieved in IT
- Getting data in real time can improve decision making
- Verizon has a digital dashboard with real-time info
Competitive Advantage correct answers - Objective Achieved in IT
- Doing things better than competitors
- Charge less for a superior product
- Respond better to customers and suppliers
Survival correct answers - Objective achieved in IT
-Sometimes have to invest in MIS out of necessity
- Keep up with competitors
Information System correct answers - Interrelated components that manage information
- Support decision making and control
- Help with analysis, visualization, and product creation
Information System Activities correct answers 1. Input
2. Processing
3. Output
4. Feedback
Information Technology correct answers Hardware and software a business uses to achieve
objectives
Data correct answers Streams of Raw Facts
Information correct answers Data shaped into meaningful, useful form
Information Systems Literacy correct answers Behavioral and technical approach to studying
info systems
Computer Literacy correct answers Knowledge of IT
Management Info Systems correct answers - Tries to achieve broader info systems literacy
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