1. Technology And Digital Transformation Flashcards

1
Q

What is technology- brittnnica

A

The application of scientific knowledge to the practical ims of human life. To change and manipulate the human environment
Britannica

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2
Q

What is technology- business models for digital economy

A

The creation, use of knowledge of Tools, techniques, craft systems, or methods of organisation to solve a problem, or serve some purpose or end

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3
Q

Example of emerging technology and humans

A

Augmented bodies, EXO suits, brain implants to improve memory

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4
Q

What are augmented bodies?

A

When technology will allowers to make modifications to a body sensors and physiological processes, providing us with enhanced memory, communication and productivity

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5
Q

Which factors alter the technology acceptance model

A

External variables such as design, price, frequency, and quality perceived usefulness, perceived ease of use,the attitude towards using (social factor)

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6
Q

Which groups of people make up the technology adduction curve

A

Innovators, early adopters, early majority, late majority,laggards

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7
Q

What is the chasm in the technology adoption curve?

A

The transition from the early market to the mainstream market between the early adopters and early majority

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8
Q

Who created the technology acceptance model?

A

Fred Davis

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9
Q

Who created the technology adoption curve?

A

Everett Rogers

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10
Q

What has happened to the speed of technology adoption?

A

It has increased from hundreds of years to just a few years

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11
Q

What are digital technologies

A

Digital technologies or electronic tall is systems, devices and resources that generate store or process data well-known examples include social media, online games, multimedia on mobile phones

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12
Q

Who created the definition of digital technologies

A

Choudhury et al

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13
Q

What is data, Oxford languages definition?

A

The quantities,characters or symbols on which operations are performed by a computer, which may be stored and transmitted in the form of electrical signals

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14
Q

What is digitisation?

A

The action of converting analog information into digital information

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15
Q

What is digitalisation?

A

Using IT or digital technologies to alter existing business processes (optimising existing business processes, seizing new business possibilities by changing existing business processes, such as communications)

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16
Q

What is digital transformation?

A

A companywide change that lead to the development of new business models

17
Q

What is a business model?

A

A plan for the successful operation of a business, identifying sources of revenue, the intended customer, base products, and details of financing
How are company create and delivers value to customers?

18
Q

What are the three steps of digital transformation for a company

A

Innovation disruption transformation

19
Q

What are the external drivers of digital transformation?

A

Digital technology,digital competition,digital customer behaviour

20
Q

What are the phases of digital transformation?

A

Digitisation,digitalisation, digital transformation

21
Q

What is the strategic importance of digital transformation?

A

Have digital resources, organisational structure, growth, strategy, metrics and goals

22
Q

How should accompany measure digital transformation?

A

Through metrics and goals with KPIs

23
Q

Why are digital resources resources valuable to accompany?

A

To seize market opportunities by analysing customer data