Unit 1 - Chapter 1 Flashcards
Information age
period in history where the production, distribution, control of information are the primary economic drivers
Digital revolution
refers to the conversion from mechanical/analog devices to digital devices
Bell’s law
new computer class forms roughly each decade establishing a new industry
Bell’s law states that each new computer class creates new markets and _____
opportunities
Moore’s law
number of transistors per square inch on a circuit board doubles every 18 months
Metcalfe’s law
value of a network is equal to the square of the number of users connected to it
Nielsen’s law
network connection speeds for high-end users will increase by 50% per year
Kryder’s law
storage density on magnetic disks is increasing at an exponential rate by 50% every 13 months
Robert Reich’s 4 key skills
Abstract reasoning, System thinking, Collaboration, Ability to experiment
Technology skills gap
mismatch between employees’ skills and the skills employers require to perform technology-related tasks in the workplace effectively.
Abstract reasoning
ability to make and manipulate models
Why is abstract reasoning important?
- recognize patterns and relationships
- solve complex problems
- innovate and think creatively
- adapt to new situations
Systems thinking
ability to understand and analyze complex systems as a whole. Seeing the “big picture”
Why are systems thinking important?
- understand interconnections
- predict outcomes
- address complex problems
- promote sustainability
Collaboration
2 or more people working together to achieve a common goal, result, or work product
Why is collaboration important?
- harness diverse perspectives
- improve efficiency and productivity
- adapt to change
- achieve shared goals and objectives
Experimentation
making a reasoned analysis of an opportunity and envisioning potential solutions
Why is experimentation important?
- 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
MIS (Management Information systems)
management and use of information systems that help organizations achieve their strategies
MIS 3 key elements
- Management and use of IS
- Information systems
- Strategies
IS (Information systems)
assembly of hardware, software, data, procedures, and people that produces information
IT (Information Technology)
products, methods, invention, and standards used for the purpose of producing information
IS involves…
people and processes
IT involves…
hardware, software, networks, security
System
group of components that interact to achieve some purpose
5 components of an IS model
- computer hardware
- software
- data
- procedures
- people
Data
RAW facts or figures without context, such as numbers, dates or strings of text
Information
what you get when data is processed, organized, or structured to provide meaning
knowledge
understand and insights gained from information
4 different areas of data
- data types
- data sources
- data management -
- data processing
Data Types
- Structured data
- unstructured data
- semi-structured data
Data sources
- input from users
- sensors/devices
- external databases
Data management
- data storage
- data retrieval
- data integrity
- data security
Data Processing
undergoes processing to convert it into meaningful information
Types of Information
- reports
- graphs/charts
- alerts/notifications
- documents
Information’s role in decision making
making informed decisions. helps users understand trends, patterns, and relationships within the data
Types of Knowledge
tacit and explicit knowledge
Knowledge Management
- knowledge repositories
- knowledge sharing
- knowledge creation and innovation
Tacit Knowledge
personal, context-specific, and often difficult to formalize
Explicit Knowledge
documented and easily communicated
Password
string of characters used to authenticate a user’s identity and grant access to a system, application, or resource
