Core Concepts of Information Systems and Digital Technologies

Definition of Information Systems

An information system can be defined technically as a set of interrelated components that collect, process, store, and distribute information to support decision-making, coordination, and control.

Definition of the Internet of Things

The Internet of Things (IoT) is a computing concept that describes a future where everyday physical objects are connected to the internet and are able to identify themselves to other devices.

Relation Between Cloud Computing and E-business

To run an e-business, the support of cloud computing is essential. Main business processes are hosted online, and cloud computing helps manage organizational technology through the internet.

Why 3D Printers Are Disruptive Technology

Disruptive technologies are substitute products that perform as well as, or better than, existing solutions. 3D printing is considered a disruptive technology because this new concept is displacing conventional printing methods.

Differences Between Web 2.0 and Web 3.0

• Web 2.0: The second generation of interactive, internet-based services that enable people to collaborate, share information, and create new services online, including mashups, blogs, RSS, wikis, and social networks.
• Web 3.0: The future vision of the web where all digital information is woven together with intelligent search capabilities; this is sometimes referred to as the Semantic Web.

Knowledge Management Value Chain

Knowledge management refers to the set of business processes developed in an organization to create, store, transfer, and apply knowledge. It increases an organization's ability to learn from its environment and incorporate knowledge into its business processes.

Phases of the Knowledge Value Chain

• Knowledge acquisition: Organizations acquire knowledge in various ways, depending on the type of knowledge they seek.
• Knowledge storage: This generally involves the creation of a database.
• Knowledge dissemination: Contemporary technology has created a deluge of information and knowledge that must be shared.
• Knowledge application: The practical implementation of knowledge, regardless of the specific management system involved.