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Information Systems Strategies and Cloud Computing - Lesson Summary

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The key points from this module are:
A business strategy is a plan articulating where a business seeks to go and how it expects to go there.
The purpose of the IS Strategy matrix is to give managers a high-level view of the relation between the four IS infrastructure components and the other resource considerations that are the keys to IS strategy.
Alignment of IT with business objectives refers to the consistency between the business goals of a company and the goals of the information technology department.
The three functions of a business strategy are:
CompetitionPositioningCapabilities
The purpose of strategic systems analysis is to identify the types of information systems which can provide a long-range advantage to the firms.
A balanced scorecard enables companies to track financial results while monitoring progress in building the capabilities and acquiring the intangible assets.
A data center consists of a large number of network servers used for the storage, processing, management, distribution, and archiving of data, systems, web traffic, and enterprise applications.
Virtualization refers to the replacement of hardware with software, such that a virtual machine is accessible to provide the necessary computing power.
Cloud computing is a term used to describe an architecture based on services provided by a third party over internet, and through a private network.
Service level agreement or SLAs refers to a negotiated agreement between a company and the service provider and this agreement can be legally binding contract or an informal contract.