Who is responsible for overseeing all uses of information technology and ensuring that is strategically aligned with business goals and objectives?

Overseeing current IT projects and operations will always be part of an IT management mandate. But today's CIOs will need to use technology in new, innovative ways to help the business keep pace with rapid change.

IT management software and tools can help. Data and analytics, as well as cloud, are some of the areas CIOs have pursued. At the same time, they’re looking at artificial intelligence (AI), Internet of Things (IoT) and more to prepare for the future.

Analytics

An analytics solution can mine terabytes of operational data quickly to find the root cause of service impacts. It helps identify potential bottlenecks, predict outages and drive greater efficiency. Organizations gain insights into data or processing issues, negative IT trends and anomalies – making it easier to take steps to avoid system chaos.

Beyond in-house optics, analytics provide insights to help enterprises better understand their customers – which in turn can drive business strategy.

Cloud computing

Cloud services offer scalability, data security, data recovery services and more. Using the cloud can improve efficiencies and reduce infrastructure costs. It can benefit all aspects of the business, from operations to finance, and help position the organization for transformative cloud-based solutions in future.

Many enterprises host core business applications on mainframes, which process millions of transactions each day. Cloud enablement helps IT departments modernize their mainframe systems – while freeing up CIOs to focus on other priorities. Organizations benefit from higher levels of productivity and performance with less overhead.

AI and cognitive computing

AI systems analyze data, learn and predict problems to help IT managers deliver better service quality. As well, AI-based chatbots can function as virtual agents, talking with users to resolve technical issues. Customers can also use them to learn about products and services. Moving ahead, cognitive computing may become vital to helping enterprises manage IT and accelerate innovation.

IoT

IoT platforms collect and analyze data from devices and sensors, helping to proactively resolve issues and improve productivity. IT managers can quickly derive insights into what the organization is doing right – and what it could be doing better.

Cognitive learning further enables business to unlock IoT value. For one, it could combine multiple data streams to identify patterns and provide more context than would otherwise be available. Intelligent sensors too have the potential to self-diagnose and adapt to their environment without the need for human intervention.

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Who is responsible for overseeing all uses of information technology and ensuring that is strategically aligned with business goals and objectives?

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Information Systems in Business

QuestionAnswer
Information Technology A field concerned with the use of technology in managing and processing information.
Management Information Systems A general name for the business function and academic discipline covering the application of people, technologies, and procedures to solve business problems
Data Raw facts that describe the characteristics of an event
Information Data converted into a meaningful and useful context
Business Intelligence Applications and technologies that are used to gather, provide access to, and analyze data and information to support decision-making efforts
Chief Information Officer Responsible for overseeing all uses of information technology and ensuring the strategic alignment of IT with business goals and objectives
Chief Technology Officer Responsible for ensuring the throughput, speed, accuracy, availability, and reliability of an organization's information technology
Chief Security Officer Responsible for ensuring the security of IT systems and developing strategies and IT safeguards against attacks from hackers and viruses
Chief Privacy Officer Responsible for ensuring the ethical and legal use of information within an organization
Chief Knowledge Officer Responsible for collecting, maintaining, and distributing the organization's knowledge
Key Performance Indicators The measures that are tied to business drivers
Efficiency IT Metrics Measure the performance
Effectiveness IT Metrics Measure the impact IT has on business processes and activities including customer satisfaction, conversion rates, and sell-through increases
Benchmarks Baseline values the system seeks to attain
Benchmarking A process of continuously measuring system results, comparing those results to optimal system performance, and identifying steps and procedures to improve system performance
Competitive Advantage A product or service that an organization's customers place a greater value on than similar offerings from a competitor
First-Mover Advantage Occurs when an organization can significantly impact its market share by being first to market with a competitive advantage
Environmental Scanning The acquisition and analysis of events and trends in the environment external to an organization
Elements of the Five Forces Model Buyer Power, Supplier Power, Threat of substitute products or services, Threat of new entrants, Rivalry among existing competitors
Buyer Power When buyers have many choices of whom to buy from and low when choices are few.
Loyalty Programs Reward customers based on the amount of business they do with a particular organization
Supplier Power High when buyers have few choices of whom to buy from and low when their choices are many
Supply Chain Consists of all parties involved, directly or indirectly, in the procurement of a product or raw material
Business-to-Business (B2B) Marketplace Internet-based service that brings together many buyers and sellers
Private Exchange when a single buyer posts its needs and then opens the bidding to any supplier who would care to bid
Reverse Auction An auction format in which increasingly lower bids are solicited from organizations willing to supply the desired product or service at an increasingly lower price
Threat of Substitute Products or Services High when there are many alternatives to a product or service and low when there are few alternatives from which to choose
Switching Costs The costs that can make customers reluctant to switch to another product or service
Threat of New Entrants High when it is easy for new competitors to enter a market and low when there are significant entry barriers to entering a market
Rivalry Among Existing Competitors High when competition is fierce in a market and low when competition is more complacent
Business Process A standardized set of activities that accomplish a specific task, such as processing a customer's order
Value Chain Views an organization as a series of processes, each of which adds value to the product or service for each customer

Who is responsible for overseeing all uses of MIS ensuring that is strategically aligns with business goals and objectives?

Chief information officer (CIO).

Who is responsible for determining the types of information the enterprise?

Terms in this set (35) chief data officer-responsible for determining the types of information the enterprise will capture, retain, analyze, and share.

Who is responsible for determining the types of information the enterprise will capture retain analyze and share regardless of the system used to do so?

The CIO is responsible for determining the types of information the enterprise will capture, retain, analyze, and share, the CDO is responsible for ensuring the throughput, speed, accuracy, availability, and reliability of an organizations information technology. 73.
Chief Privacy officer- Responsible for ensuring the ethical and legal use of information within an organization.