Chapter 1 and 2 Summary
1. According to Moore’s Law, the number of transistors per square inch on an integrated chip doubles every 18 months. This means that technology becomes advanced as time goes by. This law is important because there is no cost in creating data processing, communications, and storage. The cost for creating transistors back in 1983 was at $3000 and $0 in 2014.
2. In addition, technological advancement has created social media sites such as Youtube, Facebook, Twitter, and Foursquare. With these social media sites being popular to consumers, business professionals need to be able to assess, evaluate, and apply emerging information technology to business.
3. Future Business professionals must have a marketable skill in order to have job security. An important skill to attain job security is to develop strong non-routine cognitive skills. Abstract reasoning, systems thinking, collaboration, and ability to experiment are marketable skills.
*The MIS course is important because of these three reaons since it gives a background to assess, evaluate, and apply emerging information systems technology to business. This course gives us the ultimate ability in job security or marketable skills through learning abstraction, systems thinking, collaboration, and experimentation.
The key elements of MIS are management and use, information systems, and strategies. The goal of MIS is managing IS to achieve business strategies. Management’s focus is to develop, maintain, and adapt in order to create an information system that meets business needs and take an active role in the system’s development.
These components of an Information System interact with one another to produce information: (1) Hardware, (2) Software, (3) Data, (4) Procedures, and (5) People. Business professionals must have an active role to ensure systems meet their needs, understand how it is constructed, consider users’ needs during development, learn how to use the IS, and ancillary (security, backups). These are in order to achieve strategies since information systems exist to help people in a business achieve the business’ strategies.
The most important component in the Five-Component Model is the person (You) since data is just data if there’s no way to process it into information for others to use. Cognitive skills especially the quality of thinking determines how information is conceived from data. Components are ordered by difficulty and disruption.
Information Technology (IT) is different from Information Systems (IS). Information technology drives development of new information systems. Parts of IT are: products, methods, inventions, and standards.
IT components = Hardware + Sofware + Data. IS = IT + Procedures + People.
The necessary data characteristics are accuracy, timely, relevant (to context, to subject), sufficient, and value (worth its cost).
The push for collaboration in the workplace is quickly expanding among public and private industries with a key emphasis on diversity and leadership drives. There are two common characteristics within collaborations; 1) A group of two or more people work together to achieve a common goal 2) and feedback and iteration which allow for team members to build their idea or solution by asking questions and giving comments. However, in order to have a successful collaboration, collaborations should achieve a successful outcome, growth in team capability, and a satisfying experience. A great example of a successful collaboration is Google’s Larry Page and Sergey Brin. They took the idea of making vast information available for consumers with a single search and click away. But even further, what makes collaborations successful are the purposes they serve.
Within collaborations, it’s important to keep mind the purposes collaborations serve such as being informed, making decisions, solving problems, and managing projects. Being informed is the most important of the bunch because without the appropriate information on an industry, process, or synchronization collaborations are pointless. Initially, it becomes a lecture. The ability to make decisions and solve problems are linked purposes because before a problem is solved a decision must be made according to what would be the best solution for the problem. Lastly, managing projects is the last component that brings all the purposes full circle.
Moving forward, synchronous and asynchronous are great ways to improve team communication and build strong discussion with immense feedback. Synchronous feedback focuses on improvement for the entire group or project while asynchronous feedback concentrates on individual betterment.
In my current work situation, I would say that synchronous collaboration is most effective because it provides real time feedback with filtering. I would expect that in 2024 synchronous collaboration will be the dominant form of team building with an integration of videoconferencing which would save time, money and resources.