assignment no.1

1.Explain why information system is important to business?

Six reasons why information systems are so important for business today include:

1. Operational excellence

2. New products, services, and business models

3. Customer and supplier intimacy

4. Improved decision making

5. Competitive advantage

6. Survival

Information systems are the foundation for conducting business today. In many

industries, survival and even existence without extensive use of IT is

inconceivable, and IT plays a critical role in increasing productivity. Although

information technology has become more of a commodity, when coupled with

complementary changes in organization and management, it can provide the

foundation for new products, services, and ways of conducting business that

provide firms with a strategic advantage.





2.Define Data Vs Information

Data is a collection of facts, figures and statistics related to an object. Data can be processed to create useful information. Data is a valuable asset for an organization.
Data can be used by the managers to perform effective and successful operations of management. It provides a view of past activities related to the rise and fall of an organization. It also enables the user to make better decision for future. Data is very useful for generating reports, graphs and statistics.

Information as a concept has a diversity of meanings, from everyday usage to technical settings. Generally speaking, the concept of information is closely related to notions of constraint, communication, control, data, form, instruction, knowledge, meaning, mental stimulus, pattern, perception, and representation.



3.System


System is a set of interacting or interdependent entities forming an integrated whole.