What can you learn from studying IS?1. Abstract Reasoning2. Systems Thinking3. Collaboration4. Ability to experimentRemember he DIKW frameworkData – Raw facts and figures (Know nothing)Information – Usefully organized facts (Know what)Knowledge – How to usefully organized facts (Know how)Wisdom – Knowing where to apply knowledge (Know why)Desirable Information Characteristics 1. Accurate 2. Timely3. Relevant4. Just Barely Sufficient5. Worth its cost 4 definitions of information1. Usefully organized facts2. Data presented in a meaningful context3. Data processed by summing, ordering, averaging, grouping, comparing, or similar operation4. A difference that makes a difference System Evaluation Terms1. Reliable systems2. Efficient systems3. Extensible systems4. Verifiable systems5. Secure systems 4 Types of Models1. Narrative2. Physical 3. Schematic4. Mathematical Characteristics of good Business Process Models1. Relavant2. Complete3. Precise4. Sequential5.