Chapter 1 Flashcards

1
Q

Living in the IT ERA, also known as the ___

A

Information Technology era

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2
Q

means that our daily lives are deeply influenced by technology and digital information

A

Information Technology era

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3
Q

“ is no longer just a buzzword; it has become a critical imperative for businesses and industries across the globe.

A

Digital transformation

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4
Q

refers to the integration of digital technologies into all aspects of a business, fundamentally changing how it operates and delivers value to customers.

A

Digital transformation

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5
Q

It encompasses a wide range of technologies, including cloud computing, artificial intelligence, IoT, data analytics, and more.

A

Digital transformation

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6
Q

Businesses face growing pressures to evolve in response to changing customer expectations, market dynamics, and technological advancements. Some key drivers include:

A

Customer Expectation
Competitive Landscape
Operational Efficiency
Data-Driven Insights

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7
Q

: Modern consumers demand seamless online experiences, personalized interactions, and instant access to information.

A

Customer Expectations

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8
Q

: Digital-native startups and innovative
competitors disrupt traditional
industries, compelling established players to adapt or risk obsolescence.

A

Competitive Landscape

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9
Q

: Automation and
digitization can streamline operations, reduce costs, and improve resource utilization.

A

Operational Efficiency

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10
Q

Harnessing data analytics empowers companies to make informed decisions and uncover valuable insights.

A

Data-Driven Insights:

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11
Q

Several industries have embraced digital transformation with remarkable success such as:

A

Financial Services
Retail:
Healthcare:
Manufacturing:
Transportation:

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12
Q

: Fintech companies have revolutionized banking and payment systems, making transactions faster, more secure, and convenient.

A

Financial Services

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13
Q

: E-commerce giants leverage AI and big data to personalize shopping experiences and optimize supply chains.

A

Retail

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14
Q

: Telemedicine and health tech innovations have expanded access to care and improved patient outcomes.

A

Healthcare

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15
Q

: The adoption of Industry 4.0 principles has enhanced efficiency and productivity in factories.

A

Manufacturing

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16
Q

What are the 4 industry 4.0 principles

A

Interoperability
Information transparency
Technical assistance
Decentralized decision

17
Q

: Ride-sharing platforms and autonomous vehicles are transforming the way people and goods move

A

Transportation

18
Q

Challenges and Barriers of digital transformation

A

Cost:
Resistance to Change
Cybersecurity:
Data Privacy:

19
Q

: Implementing new technologies and training staff can be expensive

A

Cost

20
Q

: Employees may resist changes in workflows and processes

A

Resistance to Change

21
Q

: Increased digital presence exposes businesses to new security threats.

A

Cybersecurity

22
Q

Compliance with data protection regulations is a growing concern.

A

Data Privacy:

23
Q

The ___ is a global network of interconnected computers and computer networks that enables the exchange of data and information across vast distances.

A

INTERNET

24
Q

Elaborate the Internet Milestone (3)

A

1960s: ARPANET (Advanced Research Projects Agency Network) laid the foundation.

•1980s: The emergence of the World Wide Web (WWW)

1990s: The Internet became accessible to the public

25
Q

was the first proven concept of sending and receiving information regardless of geographical location in near real time.

A

ARPANET

26
Q

was the first design of what has become known as the Internet today.

A

ARPANET

27
Q

is a British computer scientist. He was born in London, and his parents were early computer scientists, working on one of the earliest computers.

A

Tim Berners-Lee

28
Q

(Unique group of numbers)

A

IP Address

29
Q

(Fiber Optics, Wi-Fi, Cable, Tower, router)

A

Communication Media

30
Q

(Associates name for each website IP Address in the world

A

DNS Tech

31
Q

are a set of rules
that governs the
communication and exchange of data over the internet.

A

Internet protocols

32
Q

Digital plant models: Virtual copy of
physical world

A

Information Transparency

33
Q

Ability of cyber physical system to
support human by executing various
tasks

A

Technical Assistance

34
Q

Ability of systems to execute local
requirements on their own and to
perform tasks autonomously

A

Decentralized Decisions