Chapter 1 Flashcards
What are the three types of industry trends that will impact business and business models?
- Intelligent
- Digital
- Mesh
What are the “Intelligent” industry trends?
- AI Foundation
- Intelligent Apps and Analytics
- Intelligent Things
What are the “Digital” industry trends?
- Digital Twins
- Cloud to the Edge
- Conversational Platforms
- Immersive Experience
What are the “Mesh” industry trends?
- Blockchain
- Event Driven
- Continuous Adaptive Risk and Trust
What the “Five IT Megatrends”?
- Mobile
- Social Media
- Internet of Things
- Cloud Computing
- Big Data
What is the “Mobile” MegaTrend?
Business are moving towards Mobile devices
What is the “Social Media” MegaTrend?
Social media usage is increasing; Organizations use social media to encourage employee collaboration or connect with their customers
What is the “The Internet of Things” MegaTrend?
Devices have strong connectivity over the Internet
What are the “Cloud Computing” industry trends?
Using the Internet as the platform for applications and data through web technologies
What are the “Big Data” industry trends?
Drawing trends through analysis of copious amounts of data
What are the key driving impacts of Globalization
- Economic Change
- Cultural Change
- Technological Change
What are examples of the key driving impacts of Globalization: Economic Change?
- International Trade
- Global Finance
- Labor Outsourcing
What are examples of the key driving impacts of Globalization: Cultural Change?
- Multiculturalism from media
- International travel
- Ethnic food
What are examples of the key driving impacts of Globalization: Technological Change?
- Computing and communication platforms
- Global patent
- Copyright laws
What is the definition of Information Systems?
Information systems use information technology to collect, create, and distribute useful data
