This document summarizes key concepts from a lecture on information systems and technology. It defines a system as a set of interacting components that serve a common purpose. A system has characteristics like components, interrelationships, boundaries, purpose and environment. Feedback and control help regulate a system's activity. Information systems are collections of interrelated components that collect, process, store and output information to complete tasks. An information system can have subsystems and be part of a larger supersystem. The document outlines concepts for studying systems through decomposition, modularity, coupling and cohesion.