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Lesson 1 - Coggle Diagram
Lesson 1
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Data Vs Information
Data are the facts that are collected, recorded, stored and processed by an information system
Information is data that have been organized and processed to provide meaning and improve the decision-making process.
What is Value Chain ?
Linking together of all the primary and support activities in a business. value is added as a product passes through the chain.
Primary activities - value chain activities that produce, market, and deliver products and services to customers and provide post-delivery service and support.
Support activities - value chain activities such as firm infrastructure, technology, purchasing, and human resources that enable primary activities to be performed efficiently and effectively.
A value chain is a business model that describes the full range of activities needed to create a product or service. ... The purpose of a value-chain analysis is to increase production efficiency so that a company can deliver maximum value for the least possible cost.
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6 Components of AIS
People, Procedures, Data, Software, Infrastructure, Internal Controls
6 components enables AIS to Collect data, Transform data and Provide adequate controls
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