Questions Information Management for Digital Business Models From Paper: The Next Normal – The recovery will be digital 1. What type if typical pitfall the term “duality of digital” refers to? Briefly explain. (115-126) 2. Why is it a success measure for the chief digital officers (CDO) if their job role becomes obsolete? Briefly explain. (154-160) 3. List three examples to show how digital and analytics can transform customer experience (front of the value chain). (55-65) Exam 2018 A1. Information and material asset A2. Four technology strategies A3. Categories Information System Data, functions, control and organization A4. EPC Modelling A5. Attribute of data warehouses - Subject-oriented: oriented towards the issues of the company Integrated: a data warehouse integrates data from multiple data sources in a uniformly designed system Time-variant: consideration of a time frame. Therefore, the reference to time is either an explicit or implicit component - Non-volatile: once data is in the data warehouse; it will not change. So, historical data in a data warehouse should never be altered or removed A6. Management of Information Systems - - Design of the basic components of information systems: data, processes Design of the lifecycle of a single application o From the first idea to the development and operation until its end-of-life o Support and execution of the corporate strategy Harmonic design of the system landscape withing the organization o Co-ordination of new information systems o Integration of new information systems into the existing portfolio A7. Methods of determining information demand - - Subjective methods= deduced from a subjective interpretation of the task: open interview; wish list; interviewing the employees in the field of activity Objective methods= deduced from an intersubjective validated interpretation of the task: strategy analysis; process analysis; input-process-output analysis; decision analysis Mixed methods= theoretical frameworks used for a subjective interpretation: structured interview; method of critical success factors (CSF); balanced scorecard (BSC); further development in the context (evolution); developed from the current situation (actual situation, resp. task analysis) A8. Character – data – information B1. Information logistics The goal is the ability to provide and to ensure the availability of: - The right information: needed now, understandable, error free At the right point in time: “just in time” JT for monetary use, sufficient for making decisions In the right amount: as much as necessary, as little as possible At the right place: available for the receiver In the required quality: sufficient details and genuine, immediately useable B2. Different views on information need B3. Information need: type, quantity and nature of information that is needed by an individual or a group to complete a task Information demand: subset of the subjective information needs. Starting point for planning information supply in addition to the objective information needs. Information supply: Graphic about the terms! B5. Safety and Security: “Security” often has to do with a group's efforts to protect its members from harm. “Safety” most often relates to a personal feeling of being free from harm or danger. Security seems to define efforts and measures that are outside of an individual, while safety is closer to an inner feeling. B7. Information-intensity portfolio (verstehen!) B8. Elements business model Gassmann (magic triangle) Customer, value proposition, value chain, profit mechanism C ERM Model, EPC model Exam 2019 A1. Model of informational management (Kremar) 4 layers + 2 subtasks each: Managerial Functions of Information Management(IT-Strategy, IT Governance); Management of Information (Supply, Demand); Management of Information Systems (Data, Processes); Management of Information and Communication Technology (Storage, Technology Bundles) A2. Business strategy and information systems A3. Three approaches to reduce run-time + example how to implement B1. Characterize the business model of Amazon by using the Magic Triangle Who (customer): Prime, Normal, Manufacturer, 3rd Party seller Market What (Value Proposition): Normal products, prime products, FDA, Payment, Ads, Analytics How (value chain): Own logistic centers, vendor network (manufacturers, 3rd party sellers), logistic service provider Why (profit mechanism): margin from product sales, premium subscription fees, data sold to vendors C1. EPC (schätzungsweise Fehlersuche etc.; kein draw!) C2. ERM Schlageter/Stucky notation