Data management technology - ✅✅ The software governing the organization of
data on physical storage media
Networking and telecommunications technology - ✅✅ Both physical devices
and software, links the various pieces of hardware and transfers data from one
physical location to another.
Intranet - ✅✅ Internal corporate networks based on Internet technology
Extranet - ✅✅ Private intranets extended to authorized users outside the
organization
World Wide Web - ✅✅ Service provided by the Internet that uses universally
accepted standards for storing, retrieving, formatting, and displaying information.
IT infrastructure - ✅✅ All of the technologies and people required to run and
manage them
Copyright - ✅✅ Statutory grant that protects creators of intellectual property
from having their work copied by others for any purpose during the life of the
author plus an additional 70 years.
Patent - ✅✅ Exclusive monopoly on the ideas behind an invention from 20
years.
Cookies - ✅✅ Small text files deposited on a computer hard drive when a user
visits websites.
Components of an IT infrastructure - ✅✅ Hardware
Computing platforms
Telecommunications services
Data management services
Application software services
Physical facilities management service
IT management service
IT standards services
, IT education services
IT Innovations examples - ✅✅ Cloud computing
Growth of a mobile digital business platform
Big Data
Business Analytics
Use of social networks by managers
Digital firm - ✅✅ A firm where nearly all of the organization's significant
business relationships with customers is digitally enabled.
Business processes - ✅✅ Set of logically related tasks and behaviors that
organizations develop over time to produce specific business results
Examples of Key corporate assets - ✅✅ Intellectual property
Core competencies
Financial/Human assets
Operational Excellence - ✅✅ Maximum efficiency of their operations in order to
achieve higher profitability.
Business model - ✅✅ Description of how a company produces, delivers, and
sells a product or service to create wealth.
Examples of Business objectives using IT - ✅✅ Operational Excellence
New products
Customer and supplier intimacy
Improved decision making
Competitive advantage - ✅✅ Doing things better than your competitors such as
charging less for products, and responding to customers in real time.
Information system - ✅✅ Set of interrelated components that collect or retrieve,
process, store, and distribute information to support decision making and control in
an organization.
Data - ✅✅ Streams of raw facts representing events occurring in organizations
or the physical environment before they have been organized.