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Assignment 2
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Student`s Name
Institution
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Course
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ASSIGNMENT 2 2
Chapter 1 – Review the Key Lessons from Chapter 1 – Explain the five key lessons and
note the importance of each key lesson from chapter 1. Also, note why is it important to
understand these basic concepts.
The information system is the study of compatible networks of software and hardware
that Individuals and organizations apply to gather and distribute information. Information
systems pivot into elements and the role of these elements of information systems. These
elements include network communication, technology, software and hardware and data software
(Baller et al., 2016). The technology can be defined as scientific consciousness for practical
reasons. It is considered a key element in modern days, this is because, a variety of functions are
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run by the use of technology, for instance, communication, education and business practices. It is
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also important to note that the other three elements of information systems which are data,
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software and hardware all lie under technology.
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Data as a component of the information system is defined as a piece of information
formatted in a certain method. Data is intangible just like the software. A piece of data may not
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be very useful if is by itself. Individuals and organizations gather all types of data and apply
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them to come up with conclusions. The choices are then analyzed as per their effectiveness and
individuals and organization can be enhanced. The software is another component of the
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information system which is a set of intangible data that commands the hardware on what to do.
It has two main categories with other several categories that help to operate its systems. These
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systems include Microsoft excel, Microsoft windows among others (Lloyd., 2020).The other
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important component is the hardware. It comprises of tangible elements like the keyboard.
Network communication is another important element that should be put into consideration. It
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enables the transmission of information among individuals as well as the firms. It is important to
acquire the necessary knowledge of these five concepts to run a smooth and profitable business
environment.
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ASSIGNMENT 2 3
workers in that specific organization. The IT system is more reliable when an organization has a
variety of tasks that need to be addressed by the use of the computer. IT plays an important role
in business strategy in the following ways. It fosters innovation in the organization which makes
firms more productive in their practices. It increases the value of commodities enhancing the
quality thus helping a company to achieve its goals when they sell these products (Long., 2018).
IT also promotes the marketing of commodities and services. With the availability of
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communication systems such as mobile phones and televisions, a firm can advertise a product
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thus attracting the attention of clients. Clients may be attracted by the demonstration of how a
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commodity works prompting him or her to buy the product which will yield more profit to the
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organizations. IT has also increased interactions among business organizations. This enables
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them to exchange their views which in turn boosts their innovation. Finally, with the concept of
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IT, running businesses has become easier. This is because, with technologies such as CCTV
cameras, supervision has been eased, besides cash transfer has become easier due to the
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availability of banking technologies such as ATMs and ATM cards as well as mobile banking
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ASSIGNMENT 2 4
References
Baller, S., Dutta, S., & Lanvin, B. (2016). Global information technology report 2016. Geneva:
Ouranos..
Long, R. J. (2018). New office information technology: Human and managerial implications
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