Ch. 1 Managing in the Digital World Flashcards
open innovation
focuses on companies opening ip their research and development efforts to a broad audience
knowledge worker
professionals who are relatively well educated and who create, modify, and/or synthesise knowledge as a fundamental part of their jobs
knowledge society
education is the core of society, knowledge will be just as important as land, labor or capital
digital divide
divide due to those with access to IS having great advantages over those without, ethical challenge
globalisation
the integration of economies throughout the world, enabled by innovation and technological progress
brings opportunities to businesses, cost reductions
outsourcing
moving the business process or task to another company or country for benefit
benefits of outsourcing
reduce or control costs
free up internal resources
gain access to world class capabilities
reduce time to market
increase process efficiencies
be able to focus on core activities
compensate for lack of specific capabilities or skills
societal issues in the digital world
demographic changes (aging and increasing population)
rapid urbanisation (50% of world live in cities)
shifts in economics power (purchasing power and control over natural resources)
resource scarcity
climate change
core competencies you need as an IS worker
technical knowledge and skills
business knowledge and skills
systems knowledge and skills
all: integrating, development, managing, critical, problem solving
important skills to have in the next decade for IS
business-IT alignment, cloud computing as a service, IT security planning and management, app development, social media, AI and machine learning
business and systems competency
IS ethics
with rise of technology and IS, ethical concerns are becoming very important
computer ethics
moral issues and standards of conduct in the use of IS
PAPA framework (Mason)
information Privacy, Accuracy, Property, and Accessibility
