Unit 1 - Chapter 1 Flashcards

1
Q

Information age

A

period in history where the production, distribution, control of information are the primary economic drivers

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2
Q

Digital revolution

A

refers to the conversion from mechanical/analog devices to digital devices

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3
Q

Bell’s law

A

new computer class forms roughly each decade establishing a new industry

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4
Q

Bell’s law states that each new computer class creates new markets and _____

A

opportunities

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5
Q

Moore’s law

A

number of transistors per square inch on a circuit board doubles every 18 months

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6
Q

Metcalfe’s law

A

value of a network is equal to the square of the number of users connected to it

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7
Q

Nielsen’s law

A

network connection speeds for high-end users will increase by 50% per year

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8
Q

Kryder’s law

A

storage density on magnetic disks is increasing at an exponential rate by 50% every 13 months

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9
Q

Robert Reich’s 4 key skills

A

Abstract reasoning, System thinking, Collaboration, Ability to experiment

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10
Q

Technology skills gap

A

mismatch between employees’ skills and the skills employers require to perform technology-related tasks in the workplace effectively.

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11
Q

Abstract reasoning

A

ability to make and manipulate models

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12
Q

Why is abstract reasoning important?

A
  • recognize patterns and relationships
  • solve complex problems
  • innovate and think creatively
  • adapt to new situations
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13
Q

Systems thinking

A

ability to understand and analyze complex systems as a whole. Seeing the “big picture”

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14
Q

Why are systems thinking important?

A
  • understand interconnections
  • predict outcomes
  • address complex problems
  • promote sustainability
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15
Q

Collaboration

A

2 or more people working together to achieve a common goal, result, or work product

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16
Q

Why is collaboration important?

A
  • harness diverse perspectives
  • improve efficiency and productivity
  • adapt to change
  • achieve shared goals and objectives
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17
Q

Experimentation

A

making a reasoned analysis of an opportunity and envisioning potential solutions

18
Q

Why is experimentation important?

A
  • innovate and create value by trying new ideas
  • learn and adapt based on valuable feedback
  • manage risk by using small tests before going big
  • encourage a growth mindset
  • drive continuous improvement
19
Q

MIS (Management Information systems)

A

management and use of information systems that help organizations achieve their strategies

20
Q

MIS 3 key elements

A
  • Management and use of IS
  • Information systems
  • Strategies
21
Q

IS (Information systems)

A

assembly of hardware, software, data, procedures, and people that produces information

22
Q

IT (Information Technology)

A

products, methods, invention, and standards used for the purpose of producing information

23
Q

IS involves…

A

people and processes

24
Q

IT involves…

A

hardware, software, networks, security

25
Q

System

A

group of components that interact to achieve some purpose

26
Q

5 components of an IS model

A
  • computer hardware
  • software
  • data
  • procedures
  • people
27
Q

Data

A

RAW facts or figures without context, such as numbers, dates or strings of text

28
Q

Information

A

what you get when data is processed, organized, or structured to provide meaning

29
Q

knowledge

A

understand and insights gained from information

30
Q

4 different areas of data

A
  • data types
  • data sources
  • data management -
  • data processing
31
Q

Data Types

A
  • Structured data
  • unstructured data
  • semi-structured data
32
Q

Data sources

A
  • input from users
  • sensors/devices
  • external databases
33
Q

Data management

A
  • data storage
  • data retrieval
  • data integrity
  • data security
34
Q

Data Processing

A

undergoes processing to convert it into meaningful information

35
Q

Types of Information

A
  • reports
  • graphs/charts
  • alerts/notifications
  • documents
36
Q

Information’s role in decision making

A

making informed decisions. helps users understand trends, patterns, and relationships within the data

37
Q

Types of Knowledge

A

tacit and explicit knowledge

38
Q

Knowledge Management

A
  • knowledge repositories
  • knowledge sharing
  • knowledge creation and innovation
39
Q

Tacit Knowledge

A

personal, context-specific, and often difficult to formalize

40
Q

Explicit Knowledge

A

documented and easily communicated

41
Q

Password

A

string of characters used to authenticate a user’s identity and grant access to a system, application, or resource