Business Information And ICT
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The document discusses various sources of information for businesses, including primary and secondary sources from internal and external locations. It also describes different types of information like written, oral, pictorial and graphical information. The value of information for businesses is outlined as being cost effective, objective, concise, appropriate, complete and timely. Uses of information by businesses include aiding monitoring and control, decision making, performance measuring, and identifying new opportunities. Finally, the document lists some types of information and communication technologies (ICT) used by businesses like networks, email, video conferencing, and e-commerce.
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2. Information systems consist of three main components - input, processing, and output - that work together to collect, process, store, and distribute information to support organizations.
3. There are organizational, management, and technology dimensions to information systems, and returns on technology investments vary depending on complementary investments in areas like business processes, management, and infrastructure.
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Business Information And ICT
- 1. BUSINESS INFORMATION AND ICT
- 4. More sources available than primary May have a financial cost External Reliable, verifiable No financial costs Internal Easy to obtain, wider number of sources available Less expensive than primary, may not be relevant Secondary Reliable, verifiable Expensive Primary Benefits Costs Type of Info
- 6. THE VALUE OF INFORMATION SHOULD BE: COST EFFECTIVE BE OBJECTIVE CONCISE APPROPRIATE COMPLETE TIMELY ACCURATE AVAILABLE VALUE OF INFORMATION
- 9. Types of ICT Types of ICT Networks Email Video conferencing and web cams Interactive DVD E commerce Internet Computer aided manufacture LAN WAN