Summary Chapter 1

Business Driven Technology.

It is all about Information Technology (IT). How IT affect business scenario today. 

IT can help business inside out of the organization. For example, IT can help the organization 

to reduce cost, improving productivity, and generating growth.

IT is a field concerned with the use of technology in managing and processing data. It cover many field that deal with the use of electronic computer and computer software. IT also play an important role in business success and innovation. 

Management Information system (MIS) is a business function such as marketing, finance and human resources. It cover the application of people, technologies and procedures. 

  

Data 

• raw facts that describe the characteristic of an event. 

• characteristic for a sale like date, item number and item description.

Information

• Data converted into a meaningful and useful context.

• Information from sales events could include best-selling item, worst-selling item, best customer and worst customer.

Business Intelligence

• Application and technologies that are used to gather, provide access to, and analyze data to support decision making efforts.
  
  
• Helps companies to gain more comprehensive knowledge of factors affecting their business.