MANAGEMENT INFORMATION SYSTEM

• Skills Falcon Security needs

  • Abstract Reasoning Skills
  • Systems Thinking Skills
  • Collaboration Skills
  • Experimentation Skills
• Self starter


  Don't wait to be told what to do
• Team worker


  Develops ideas with others<|>Ask questions<|>Pulls more than their own weight
• Information Age


  Production, distribution, control of information primary economic drivers
• Digital Revolution


  From mechanical/analog devices to digital devices
• Bell's Law


  New class of computers establishes a new industry each decade
• New platforms, programming environments, industries, networks, and information systems are established each decade
• Understanding how the next digital evolution will affect businesses is important
• What an industry does and how it will change is important to understand
• As computer price/performance ratio decreases

  Computers are getting exponentially faster and the cost of data processing is approaching zero
• Metcalfe's Law


  The value of a network is equal to the square of the number of users connected to it
• Google, Amazon, eBay exist due to large numbers of Internet users
• Fundamental Forces Changing Technology


  • Moore's Law
  • Metcalfe's Law
  • Nielsen's Law
  • Kryder's Law
• Moore's Law


  The number of transistors per square inch on an integrated chip doubles every 18 months
• As Moore's Law holds true

  Computers are getting exponentially faster and the cost of data processing is approaching zero
• Nielsen's Law


  Network connection speeds for high-end users will increase by 50 percent per year
• Kryder's Law


  The storage density on magnetic disks is increasing at an exponential rate
• As Kryder's Law holds true

  Storage capacity is increasing exponentially and the cost of storing data is approaching zero

  
• The price of storage capacity per GB is decreasing exponentially

  
• Why Introduction to MIS is the most important class in the business school

  • You will learn how technology fundamentally changes businesses
  • Why executives try to find ways to use new technology to create a sustainable competitive advantage
  • How to assess, evaluate, and apply emerging information technology to business
  • The knowledge needed by future business professionals
• Technological change is accelerating
• Any routine skill can, and will, be outsourced to the lowest bidder
• Skills that will be marketable during your career

  • Abstract Reasoning
  • Systems Thinking
  • Collaboration
  • Ability to Experiment
• Abstract Reasoning


  Construct a model or representation
• Systems Thinking


  Model system components and show how components' inputs and outputs relate to one another
• Collaboration


  Develop ideas and plans with others, provide and receive critical feedback
• Ability to Experiment


  Create and test promising new alternatives, consistent with available resources
• 69% of college graduates need additional training or education
• 46% of college graduates are working in jobs not requiring their degree, underemployed
• Students with courses related to information systems have better success
• Tradable job


  Job not dependent on particular location, can be offshore outsourced
• Job Growth by Sector over the Past Twenty Years


  • Business Managers
  • Computer and Information Technology
  • Business Occupations
• MIS-related jobs are in high demand
• Introduction to MIS is the most important course in business school
• The Internet has enabled innovation and changed our lives
• Google is one of the largest publicly traded companies in the world with a diverse portfolio of projects
• MIS-related jobs in high demand

  • Financial Analysts
  • Management Analysts
  • Market Research Analysts
  • Logisticians
  • Human Resources Specialists
• Financial Analysts


  Median salary: $76,950<|>Projected salary growth: $78,620<|>Projected job growth: 12%<|>Projected new jobs: 32,300
• Management Analysts


  Median salary: $78,600<|>Projected salary growth: $80,880<|>Projected job growth: 14%<|>Projected new jobs: 103,400
• Market Research Analysts


  Median salary: $60,300<|>Projected salary growth: $61,290<|>Projected job growth: 19%<|>Projected new jobs: 92,300