AIS: CHAPTER 01

• Information - is Data that have been organized and processed to provide meaning and improve decision-making.
• Data - are facts that are collected, recorded, stored, and processed by a system. Insufficient for decision making.
• Goal Congruence - Occurs when components acting in their own interest contribute toward overall goal
• Goal Conflict - Occurs when components act in their own interest without regard for overall goal
• System - A set of two or more interrelated components interacting to achieve a goal
• Benefits of information - include reduced uncertainty, improved decisions, and improved ability to plan and schedule activities.
• Information system designers - use information technology (IT) to help decision makers more effectively filter and condense Information.
• Information technology - The computers and other electronic devices used to store, retrieve, transmit and manipulate data.
• Information Overload - Exceeding the amount of information a human mind can absorb and process, resulting in a decline in decision-making quality and an increase in the cost of providing information.
• Value of Information - is the benefit produced by the Information minus the cost of producing It
• costs - include the time and resources spent to produce and distribute the information.
• Understandable - Presented in a useful and intelligible format.
• Timely - Provided in time for decision makers to make decisions.
• Complete - Does not omit important aspects of the events or activities it measures.
• Reliable - Free from error or bias; accurately represents organization events or activities
• Relevant - Reduces uncertainty, improves decision making, or confirms or corrects prior expectations.
• Accessible - Available to users when they need it (timely) and in a format they can use (understandable)
• Verifiable - Two independent, knowledgeable people produce the same information.