CHAPTER 1 and MODULE A The Information Age in Which You Live: Changing the Face of Business & Computer Hardware and Software Dr. Leonard’s 1st “Cell Phone” Cell Phones between 1993-1996 Why do we need to Study MIS? INTRODUCTION Information age Knowledge worker Outnumber all other types of workers at least four-to-one Opening Case: Cell Phones Doom Phone Revenues for Hotels Opening Case: Cell Phones Doom Phone Revenues for Hotels The year 2000 – typical hotel could budget annual revenue of $1,274 per room for in-room phone charges The year 2009 – typical hotel could budget annual revenue of only $178 per room for inroom phone charges Cell phones and technologies of all kinds are transforming entire industries INTRODUCTION Business must drive technology You live in a digital age Average American relies on more than 250 computers per day MIS – Management Information Systems Telecommuting Advantages? Disadvantages? Who can telecommute? Who cannot telecommute? Three Key Resources 1. 2. 3. Information People Information Technology MIS Resource #1: Information Intellectual asset hierarchy – data, information, business intelligence, knowledge Data Information Business Intelligence (BI) Information Resource Information is often aggregated data that has meaning such as average age, youngest and oldest customer, and a histogram of customer ages Information Resource Business intelligence (BI) – collective information about… Customers Competitors Business partners Competitive environment BI can help you make important, strategic decisions Information Resource Information Resource – Quality Attributes Timeliness When you need it Describing the right time period Location (no matter where you are) Form (audio, text, animation, etc) Validity (credibility) Information Resource – Organizational Perspective Information Resource – Flows of Information Upward Downward Horizontal Outward/Inward Information Resource – What It Describes Internal External Objective Subjective MIS Resource #2: People People are the most important resource in any organization, with a focus on Technology literacy Information literacy Ethical responsibilities People Resource Technology-literate knowledge worker – Information-literate knowledge worker knows how and when to apply technology Can define information needs Knows how and where to obtain information Understands information Acts appropriately based on information Ethics – principles and standards that guide our behavior toward other people People Resource - Ethics You always want your actions to fall in Quadrant I – both ethical and legal. MIS Resource #3: Information Technology Information technology (IT) Two categories of technology Hardware Software Information Technology – Hardware and Software Information Technology – Hardware 1. Input device 2. Output device 3. Storage device 4. CPU 5. Telecommunications device 6. Connecting devices Six Categories of Hardware Keyboard (input) CDs (storage) Video card (connecting) CPU Cable modem (telecommunications) Monitor (output) Information Technology – Software Two types of software: 1. Application software 2. System software Operating system software Utility software IT SYSTEMS IN SUPPORT OF BUSINESS Competitive advantage Use technology for Operational excellence Major business initiatives Decision making Organizational transformation Systems Support Online transaction processing (OLTP) Online analytical processing (OLAP) Systems Transaction processing system (TPS) Customer self-service system (CSSS) OR Customer Integrated System (CIS) Systems Management Information System (MIS) Types of Reports Periodic Summarized Exception Comparative Ad hoc Systems Collaboration System OR Workgroup Support System (WSS) Groupware Team dynamics Group scheduling software Electronic meeting software Videoconferencing software Whiteboard software Document management Applications development Systems Decision Support System (DSS) Artificial Intelligence (AI) Executive information system (EIS)