An information system is a system that accepts data as input and processes it into information products as output. It depends on five key resources: people, hardware, software, data, and networks. People resources include end users and specialists, hardware includes computers and storage devices, software includes operating systems and applications, data includes things like sales transactions, and networks allow communication and sharing of information. All of these components must work together for an information system to successfully accept, process, store, and share information.