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What is a BIS? A business information system consists of interconnected components that collaborate to perform input, processing, output, storage, and control functions, transforming data into valuable information products. These information products help support forecasting, planning, control, coordination, decision-making, and operational activities within an organization. Systems theory Systems theory: Offers a powerful tool for analyzing […]

What is Data ? Data consists of raw facts or observations that hold minimal or no value until they are processed and converted into information. Example definitions: (a) a series of non-random symbols, numbers, values or words;(b) a series of facts obtained by observation or research and recorded;(c) a collection of non-random facts;(d) the record