Developments in Technology

Question 1

What are some common features of cloud systems

Answer 1

Can be either public, private or hybrid
Elastic - users can use as much or as little as needed
Service is fully managed by the provider

Question 2

What are the key features of distributed ledger technology

Answer 2

No central storage - everyone has identical copies of ledger
No central administrator - prevents parties from dominating
Security is provided through cryptographic keys

Question 3

What is blockchain

Answer 3

A database that stores information together in blocks that are chained together

Question 4

What are the features of cryptocurrencies

Answer 4

Use distributed ledgers and blockchain
Keep currency in digital wallets
Volatile
Risk of hacking
Money laundering

Question 5

What are some examples of cognitive technologies

Answer 5

Artificial Intelligence (AI)
Machine learning
Robotic process automation (RPA)

Question 6

What are some examples of management information systems (MIS)

Answer 6

Executive information systems (EIS)
Executive support system (ESS)
Decision support system (DSS)
Expert system (ES)
Knowledge work systems (KWS)
Office automation systems (OAS)

Question 7

What are some risks brought on from rapidly evolving technology

Answer 7

Obsolescence risk
Inexplicability risk - tech becomes too complex for humans
Data protection
Automation risks
Ethical risks