MGT 300 - CHAPTER 1

                                             

           

CHAPTER 1 : BUSINESS DRIVEN TECHNOLOGY

Why we need to study Information Technology (IT)?

IT is everywhere in business. Understanding IT provides great insight to anyone learning about business.

Information Technology’s Impact on Business Operations

• -          Organization typically operate by functional areas or functional silos
• -          Functional areas are interdepends

                                   

Information Technology's Impact on Business Operationon

BUSINESS FUNCTION = DEPARTMENT.

Information Technology's impact on Business Operation

COMMON DEPARTMENTS IN AN ORGANIZATION

Information Technology's Impact on Business Operations.

• Organizations typically operate by functional areas or functional silos.
• Functional areas are independent.

INFORMATION TECHNOLOGY'S IMPACT ON BUSINESS

• Information Technology (IT) - A field concerned with the use of technology in managing & processing information.
• Information technology is an important enabler of business success & innovation.

Information Technology Basics

• Management Information Systems (MIS)- A general name for the business function and academic discipline covering the application pf people, technologies, and procedures to solve business problems.
• MIS is a Business Function, similar to Accouting, Finance, Operations and Human Resources.

Information Technology Basics

• When beggining to learn about information technology it is importance to understand.

1. Data, Information and business intelligence IT resources.
2. IT cultures.

Information

What is Information?

It is important to distinguish between data and information

• Data are raw facts that describe the characteristics of an event.
• Information is data converted into meaningful and useful context.
• Business intelligence refers to applications and technologies that are used to gather, provide access to, and analyse data and information to support decision-making efforts. Business intelligence helps gain a more comprehensive knowledge of the factors affecting their business, such metrics on sales, production, and internal operations that help companies make better business decisions.

There are three types of Data, Information and BI

1. Data in an Excel Spreadsheet
2. Data turned into information
3. Information turned into Business Intelligence

IT Resources

• People use
• Information technology to work with
• Information
  

IT Cultures

• Organizational information cultures include;

1. Information- Functional Culture > Employees use information as a means of exercising influences or power over others.
2. Information- Sharing Culture > Employees across departments trust each other to use information to improve performance.
3. Information- Incquiring Cultures > Employess search for information to better understand the future and align themselves with current trends and new directions.
4. Information- Discovery Culture > Employees departments are open to new insights about crisis and radical changes and seek ways to create competitive advantages.