An information system is defined as a set of interrelated components that collect, manipulate, store data and disseminate information to monitor performance. It consists of people, hardware, software, networks, and data resources that collect data, transform it into information, and disseminate it. Data are raw unorganized facts while information is data organized in a meaningful way. Information systems include transaction processing systems that record business transactions and enterprise resource planning systems that integrate business operations. Specialized systems provide management information, support decision making, use artificial intelligence techniques, and enable virtual reality applications. The development of information systems follows a process of investigation, design, implementation, maintenance and review to meet changing business needs.