Information Systems (IS)
What Does Information System (IS) Mean?
Information system (IS) refers to a collection of multiple pieces of equipment involved in the collection, processing, storage, and dissemination of information.
Hardware, software, computer system connections and information, information system users, and the system’s housing are all part of an IS. Personal computers, smartphones, databases, and networks are just some examples of information systems.
Sorce: https://www.techopedia.com/definition/24142/information-system-is
An Information System works by IPO, an example of this is the Fitbit.
Input - The user is being physically active. The input is the number of steps, heart rate, etc.
Processing - The Fitbit then calculates and organises the data.
Output - Data is the output to the users device.
I - Input.
P - Processing.
O - Output.
Example Of An IS:
Banking System - A banking information system connects the bank to its customers, stakeholders, competitors, government etc.
Bank records customer information such as:
Customer Information
Customers' Loan Information
Customers' Deposits
Government Regulations
Financial Institutes' Information
The bank uses stored customer information to send bank statements to customers, reminds loan repayments, sends promotional advertisements and reports financial frauds to relevant government authorities.
Positive:
Customers can access their details efficiently anytime, anywhere
Customers can pay their bills online
Customers can access online accounts
Bank self services are available 24/7
Negative:
Scamming is possible
System downtime
Reliability of the system
Security of the customer data
Accidental transactions