Chapter 11 Flashcards
why is it good to embrace new technology
get ahead of competition - make more profits
improve performance
more quantity of data available to aid making decisions
boost profits and make higher return for stakeholders
benefits of smart technology
minimal effort such as voice technology (siri)
can help sustainability such as smart heating - not heating up offices when no one is there etc
improves efficiencys- can alert you machinery needs maintenance
disadvantages of smart technology
creates oppurtunities for hacking
can make people lazy and not not do physical security checks
benefits of cloud computing
more cost effective
greater flexibility as lots of providers
quick
available to all sizes of business
disadvantages of cloud computing
you have to give up control of data
data can be lost or stolen
increased danger service provider interferes with data
failure to keep up payments can lead to loss of access
what is artificial intelliegnce
a machine learning and problem solving like a human mind
ethical concerns with artificial intelligence
increased unemployment
wealth inequality, unskilled labour even worse paid now
risk of mistakes
can be used to hack cyber space
benefits of AI
quickly process large amounts of data
identify complex patterns in data to help decision making
can provide consistency
Limitations of AI
only works as well as the data it has received
can lack flexibility
what is the internet of things
sensors embedded into physical objects which share data
definition of big dat
big data is a popular term used to describe the exponential growth and availability of data, both structured and unstructured
four V’s of big data
Veracity ( the truthfulness of the data)
volume
variety ( the data can be unstructured which means not in a database)
velocity ( the speed at which real time data is being streamed and then processed)
what is an information system
consists of systems, processes, involved in collecting storing and distributing information
what is the information systems strategy
long term plan for systems to exploit info in order to support organisation strategies or create new strategies
what is the need for information systems controls
info systems involve high costs
affects all stakeholders
critical to the success
quality of info affects customer service
