The Digital World
When not all people have access to technology
What is the digital divide?
When processed, data transforms into this.
What is information?
Focused on long-term strategic business decisions such as how to compete, price versus quality, and what countries to do business in.
What is the executive/strategic level?
Affiliate marketing, advertising, subscription, licensing, transaction fees, traditional sales, freemium.
What are types of revenue models?
When one technology completely replaces another technology.
What is disruptive/radical innovation?
When you take business processes being performed internally and have another company do them instead.
What is outsourcing?
When information is understood and used for decisions, it becomes this.
What is knowledge?
A clerk at McDonalds or Walmart.
Who is someone at the operational level?
A marketing approach companies use to obtain customers by offering something for free to build a large customer base and then charge a premium for unrestricted versions with more functionality
What is Freemium?
The securing of business financing from individuals in the marketplace to fund an initiative
What is crowd sourcing?
Social media, Internet of Things, Cloud Computing, Big Data and Mobile.
What are 5 megatrends that shape the digital future?
Systems analyst, systems programmers, IS auditor, network administrators.
What are types of IT careers?
Using technology to do things staffer or more efficiently.
What is automation?
An economic system in which assets or services are shared between private individuals, either free or for a fee, typically by means of the Internet
What is a sharing economy?
Hardware, system software, storage, networking and data centers.
What is infrastructure?
BYOD
What is Bring Your Own Device?
Transaction processing, decision support systems, office automation systems, knowledge management systems.
What are categories of Information Systems?
Bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitute products or services.
What are competitive forces?
This model is when the seller usually works to gain a long-term maintenance service contract in exchange for the sale of the product at a reduced price.
What is a service based model?
Windows, OS X, Ubuntu, Linux.
What are types of operating systems?
Connecting “things” such as sensors, meters, signals, motors, actuators, or cameras over the internet.
What is the Internet of Things?
A blend of technical, business and system skills.
What makes IS personnel so valuable?
The process of analyzing an organization’s activities to determine where value is added to products or services
What is value chain analysis?
A summary of a business’s strategic direction that outlines how the objectives will be achieved
What is a business model?
Operational, backup and archival data.
What are types of storage?