BIS Revision Lecture Notes
BIS Revision Lecture Notes
CARROTS Framework
o Complete
o Accurate
o Reliability
o Relevance
o Timely
o Source
Used to evaluate the quality of the information you are using.
Free from bias.
A Flat world
ANSWER WITH THREE EXAMPLES WHETHER YOU AGREE OR DISAGREE
People can communicate better through technology source.
Impacts you have after you graduate from the flat world
o Greater competition to get a job
o More freedom for us
o Can move to different countries
o More approachability
Prepare for the flat world by:
o Trying to specialise in different areas
o learning different languages
If agree, use examples for the source
o Fall of berlin wall
Political chambers and situations help us to communicate
better
o Netscape IPO
First web browser, changed the way we accessed information
o Work flow software
No need to be in the same office to communicate
o Offshoring, open-sourcing, outsourcing
Does IT matter?
Competitive advantage =
o To do something better and to provide better service
o Is temporary
because companies will catch up on the service
Utility
o Just to get things done
Lecture 2
System
o three components
input = transformation = output
IT
o software, hardware infrastructure
IT involves into ICT
o Example: No need to connect phone into a wire = we have now 4G
uses telecommunication framework to involve
IS
o Three concepts
Transformation = IS transforms input data into output
information
Storage = stores for later retrieval
Dissemination = distributes to people who need to use this
information
Online processing done immediately
Format for IS description:
General description
External description:
External view diagram:
Internal description:
Internal view description:
Lecture 3
Marketing
o Product development based on customers and their preferences
through buying behaviour and pattern. 2 way communication
Manufacturing
If you dont integrate, each department will have their own data ad
be disjointed and no good quality of data.
Financial
o focuses on cash, investment, capital, financial planning
o
Lecture 4
First-mover Advantage
o Being the first one, identifying your market.
Example:
o Apple
Trains customer on how to behave through unlocking the
phone
Primary activities
o Must do daily to keep the business running
Supporting activities:
o Must be done effectively and efficiently
More procurement option
o Having more suppliers
o Must listen to what they are saying if you have one supplier
Lecture 5
B2C C2B
o Who actually sells the product?
Online auction
o Reverse auction
lowest bid wins
Operational transactional information = Means the same thing
Data warehouse:
o To aggregate information
o Logical collection of information
Data mart
o Restricts information that we access to relative people.
Executive
o Drill down
areas that must be investigated then use the slice and dice
Neural Networks
o Based on the human brain
Genetic Algorithm
o Survival of the fitness process, simulation test (e.g. how a lecture
hall is built) room evacuations.
Lecture 6
CRM Customer Relationship Management
o A strategy,
o Only three key points:
Retention
Profitability
Loyalty
Analytical CRM IS
o Finding out and analysing customers to find a pattern and predict what
kind of customer we have
Efficiency
o performance of the system, the speed
Effectiveness
o Impact of the system (the result, the activity, the quality)
Businesses need to manage both effectiveness and efficiency
Ballwhip effect
o Surge fluctuation
If we perform better we can have products at an optimal level and achieve
maximum profit.
Flexible
o Changes can be made very easily
Modular and open
o All interrelated information will be grouped together as a module
Comprehensive
o No need to know any other applications.
o Gives the user access to relative information to do your job
Beyond the company
o Provides information about the industry, competitors and rules and
regulations
ICT infrastructure
Computer
o Limited process
Server
o Faster more processing
Web server
o Businesses need to use to publish their web page to they can share
their information with their partners, customers, suppliers at a low
cost.
Database server:
Can stall large forms of data in a structural way. Can scale up and
down in the way we want it too.
Businesses need to use the backup system to back up there servers and
there systems.
Networking
o Local area network (LAN) to connect things in the same place
Wide area network
o Connect different countries
Virtual primary network
o Provides employees to do their job no matter where they are
Voice over IT
o Internet protocol
o Cheap but not as good quality
Traditional analogue
o Expensive but good quality
Lecture 11
Outsourcing
o saving money instead of getting technicians
Can outsource the job to everyone.
Using there (IT technician) expertise so you can focus it on your own
expertise.
Other people can take care of the system.
Disadvantages
If we have the system, we have less control over the system
Depends of the data sensitivity