Commerce Flashcards
Major influential Events
90's: Widespread use of internet 95: e-commerce (amazon, ebay) late 90's: Tech boom (knowledge workers) 98: UGC 04: Facebook 07: iPhone Mid-Late 00: Cloud computing (Amazon Web Services) Late 00: Gig economy (AirBnB, Uber)
Consequences of major economic events?
Reshaped job market, and widened the digital divide
Benefits of Tech use in industry?
Productivity gains,
Goods & Services cheaper,
changes work process, created IT jobs, lowering skills/pay for other jobs
What is up-skilling
raise the skill level in the workforce.
Associated cognitive abilities and people skills, greater productivity, higher-up position
Impact on Global Economy?
Decentralized distribution of work within organization and across space.
Outsourcing to different skill set, cheaper wages.
Increases global opportunities
What is BYOD
Bring your own device
What is the drive behind BYOD
Employee demand, higher employee satisfaction, IT savings
Consequence of BYOD
Boosting use of contractors/outsourcers
Collective Intelligence
Group cooperation, solving problems by eliciting expert opinions, knowledge sharing in networks.
Network structure rather than hierarchy
Levels of Collective Action
Networking,
Coordination: Share info,
Cooperation: share resources,
Collaboration: Share responsibility,
Collective IQ
Not correlated with average IQ of individuals or highest IQ in group.
Correlated with group’s facility to take turns, sensitivity to social cues, # of women
How does tech support Collective Intelligence?
Virtual Communities,
Mass collaboration,
Crowdsourcing
Open-Source Dev.
Difference between Crowdsourcing & Open Source
Crowdsourcing: Open call for information (Turk, Netflix $1m Prize, Kickstarter).
Open-Srouce: Write and pass it on, no coordination or plan (Audacity, Github)
Reputation Capital
Incentive to work on open source project: contribute to famous project.
