14: Technology

Question 1

7 technological developments?

Answer 1

Cloud computing/accounting
- provided in the cloud by service provider

Internet of things
- home automation
- vehicles and transport

Digital asset
- binary source with the right to use it
- media assets or textual context

Digital ledger technology/blockchain
- blocks that are chained together
- only valid info is recorded

Fintech
- peer to peer lending, crowd funding, currency conversion, digital wallets

Crypto currencies
- no involvement of third party

Cognitive technologies
- AI
- Machine learning (detect patterns and learn how to make own decisions)
- Robotic process automation (for routine processes)

Question 2

5 management information systems?

Answer 2

Executive Information System
- pools data from internal and external sources

Decision Support Systems
- combines analytical models or analytical tools

Expert systems
- benefit from specialised data and rules

Knowledge work systems
- creation and integration of new knowledge

Office automation systems
- increases productivity of information workers

Question 3

6 types of technology risk?

Answer 3

Obsolescence risk
Inexplicability risk
Data protection
Automation risks
Ethical risks
Cyber risks

Question 4

4 types of cyber risk?

Answer 4

Hacking
- unauthorised access

Phishing
- bogus emails

Malicious software
- files are hijacked

Denial of service
- overwhelming servers to crash the system

Question 5

Main component of cyber resilience?

Answer 5

Information security plan