All things change, and we change with them

Monday, 25 April 2011

Glossary B206 session 86


business process change
Identifying new ways of carrying out business operations, often enabled by new information systems.

Wednesday, 20 April 2011

b203 block 6 sesh 85 glossary


technological determinism
This has been defined as an approach that identifies technology, or technological advances, as the central causal element in processes of social change.

Friday, 15 April 2011


"Asking good questions is half of learning."
Muhammad

Wednesday, 13 April 2011

General study information

Start writing notes when studies suggest you should, helps you to take in the information, so stop being lazy.

B203 Block 6 Information Management- 81 glossary



cloud computing
A style of computing in which dynamically scalable and virtual resources are provided as a service over the internet. Fundamentally, users do not need to have knowledge of, expertise in, or control over the technology infrastructure ‘in the cloud’ that supports them.
decision support system
A specific class of computerised information system that supports business and organisational decision-making activities.
expert system
Software that attempts to reproduce the performance of one or more human experts, most commonly in a specific problem domain, and that is a traditional application and/or sub-field of artificial intelligence.

B203 Block 6 Information Management- 81 glossary



cloud computing
A style of computing in which dynamically scalable and virtual resources are provided as a service over the internet. Fundamentally, users do not need to have knowledge of, expertise in, or control over the technology infrastructure ‘in the cloud’ that supports them.
decision support system
A specific class of computerised information system that supports business and organisational decision-making activities.
expert system
Software that attempts to reproduce the performance of one or more human experts, most commonly in a specific problem domain, and that is a traditional application and/or sub-field of artificial intelligence.

Tuesday, 12 April 2011

B203 Block 6 Information Management- glossary


information auditing

A process by which an organisation investigates its information requirements and matches them against the information resources and services that are currently provided.

non-quantifiable value

Where information can provide benefits that are not strictly measurable.

quantifiable value

Where information has measurable benefits in financial terms.

B203 Block 6 Information Management- session 80 summary


In this session, covering information policy, power and value, you have found out how an organisation interacts internally and with its environment and how it embodies both social and technical systems. Information means something special and different for each organisation, so each needs to formulate its own definition of information in the light of what it is trying to achieve. Furthermore, organisations need a policy for information so that they can avoid risks and losses and gain positive benefits.
This session concludes that information policy and strategy are too important to be left to one limited group, or developed without close support from senior management. The process of developing such policy and strategy should involve the whole range of those responsible for essential information resources, bringing together the people who manage information systems and technology with other functional specialists. The role of information auditing and the need to maintain information quality are also emphasised.

B203 Block 6 Information Management- information quality


As organisations rely on rapidly increasing amounts of information, they begin to realise the importance of information quality. Information quality is a somewhat subjective measure of the utility, objectivity and integrity of gathered information. Quality issues affect the simple collection of data and the more complex processing activities. In order to be truly valuable, information must possess a number of characteristics.
The essential characteristics of high-quality information include factors such as being complete, accurate, up-to-date and ‘fit for the purpose’ for which it is used. The value and usability of information that does not satisfy these requirements are severely limited.

B203 Block 6 Information Management- the use value of information


Obviously your example will be specific to the organisation you have chosen. However, there are some general points which apply in virtually all circumstances. Information has no value in itself. Its value can come only from the results of decisions and actions based on the information. So its value derives from the value of the change in decision behaviour caused by the information being available. This is balanced against the cost of producing the information.
There is a tendency to assume that more information, or earlier or more up-to-date information is all better information. It may be better information, but only if it improves the resulting decisions. Otherwise it has no value.

B203 Block 6 Information Management- how managers might use their power

People in organisations value the power that ensures their capacity to influence others. Power can come from resource power and position power where managers may control the flow of information. Each of these sources of power can be strengthened or weakened by an information system. Furthermore, the technology supporting a new system requires technical expertise which can also distort the power balance. If managers see an information system as a means of enhancing their power they will use their existing power to support the project, and vice versa.

Useful words for the day..

succinct [səkˈsɪŋkt]
adj
1. marked by brevity and clarity; concise
2. compressed into a small area
3. Archaic
a.  encircled by or as if by a girdle
b.  drawn up tightly; closely fitting
[from Latin succinctus girt about, from succingere to gird from below, from sub- from below + cingere to gird]


concise [kənˈsaɪs]
adj
expressing much in few words; brief and to the point
[from Latin concīsus cut up, cut short, from concīdere to cut to pieces, from caedere to cut, strike down]
concisely  adv
conciseness  n


financial service authority (FSA)


Definition

Independentagency, similar to FINRA, that controls thefinancialserviceindustryin the United Kingdom. This agency was created to essentiallyprotectinvestorsfrom unfair orunethicalpractices in the financial industry. The FSA posses a variety of regulatorypowersdelegated to thecompanyunder theFinancial Services Act1986.


Read more:http://www.investorwords.com/7891/financial_service_authority_FSA.html#ixzz1JJ8xZgCT

http://www.investorwords.com/7891/financial_service_authority_FSA.html



B203 Block 6 Information Management 79 glossary


critical success factors

The elements which are necessary for an organisation or project to achieve its mission. They are the critical factors or activities required for ensuring the success of your business.

disintermediation

The removal of intermediaries in a supply chain, such as distributors or brokers that formerly linked a company to its customers.

B203 Block 6 Information Management- analysing diagrams/maps/instructions

Hinton P.85 "We can observe and analyse, the detailed reality will always be less clear-cut than the model; a terrain is never the same as a map which relates to it."

B203 Block 6 Information Management

Hinton P.81 states " We are, ultimately, simultaneously both autonomous and gregarious, which is one reason why human affairs are so complex- and interesting."

Autonomous-

au·ton·o·mous  (ô-tn-ms)
adj.
1. Not controlled by others or by outside forces; independent: an autonomous judiciary; an autonomous division of a corporate conglomerate.
2. Independent in mind or judgment; self-directed.
3.
a. Independent of the laws of another state or government; self-governing.
b. Of or relating to a self-governing entity: an autonomous legislature.
c. Self-governing with respect to local or internal affairs: an autonomous region of a country.
4. Autonomic.

[From Greek autonomos : auto-auto- + nomoslaw; see nem- in Indo-European roots.]






Gregarious-

gre·gar·i·ous  (gr-gâr-s)
adj.
1. Seeking and enjoying the company of others; sociable. See Synonyms at social.
2. Tending to move in or form a group with others of the same kind: gregarious bird species.
3. Botany Growing in groups that are close together but not densely clustered or matted.

[Latin gregriusbelonging to a flock, from grex, greg-flock; see ger- in Indo-European roots.]





Monday, 11 April 2011

B203 Block 6 Information Management

Adaptability is the primary characteristic of organisations that survive.