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Digital Thinking & Innovation > Unit 5 : Innovation in Digital Trends > Flashcards

Unit 5 : Innovation in Digital Trends Flashcards

1
Q

List out all the digital trends ( 7 )

A
  1. Big Data, Cloud Computing and Mobile Market
  2. Software-Defined Anything
  3. Outsourcing and Crowdsourcing
  4. Prosumer Economy
  5. Long Tail
  6. Digital Finance
  7. Collaboration
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2
Q

What does digitization promotes between? （ 3 ）

A
  1. Between humans
  2. Between things
  3. Between humans and things
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3
Q

What are the “first” that Kodak created? ( 3 )

A
  1. Came out on top in the imaging and photographic film market
  2. It created the world’s first digital camera using a Charge Coupied Device ( CCD ), a major piece of technology for digital imaging
  3. The first company to flame out in the imaging industry
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4
Q

Why does it failed to capture its own moments? ( 1 )

A
  1. To keep abreast ( side-by-side ) of digital technologies
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5
Q

The digital business world is constantly changing, list out 4 companies that have been detroned by another 4 country

A

Top 4 Tech Giants
1. Microsoft
2. HP
3. Intel
4. HP
5. Yahoo

Dethroned
1. Apple
2. Google
3. Amazon
4. Facebook

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6
Q

Why many companies have fallen in this ever-chaning digital business world? ( 2 )

A
  1. Because of a resistance to reform
  2. Have undergone disruptive changes
  • Nokia and Blackberry ended up selling their assets
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7
Q

What are market players are inspired by?

A
  1. Inspired by the internet
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8
Q

What does big data, cloud computing, mobile internet focuses on?

A
  1. Changes in infrastructure
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9
Q

What does software-defined anything focuses on?

A
  1. Changes in productivity
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10
Q

What does outsourcing and crowdsourcing focuses on?

A
  1. Changes in production organization
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11
Q

What does prosumer economy focuses on?

A
  1. Changes in forces in economic growth
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12
Q

What does long tail focuses on?

A
  1. Changes in competitive landscape
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13
Q

What does digital finance focuses on?

A
  1. Changes in financial entities and technologies
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14
Q

What does collaboration focuses on?

A
  1. Changes in operations models
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15
Q

What does big data emphasizes ?

A
  1. It emphasizes not the amount of data but rather using new thinking to interpret the data, with the help of the internet
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16
Q

What does spotify use for collecting and analyzing data , then give informed music recommendations and suggestions to every user?

A
  1. Big Data Analysis
  • Amazon prime also offers videos, music, and Kindle books in a one-stop shop is also using big on using big data
17
Q

What concept does cloud computing use when it comes to payment?

A
  1. Pay-per-use
18
Q

What does cloud computing provides? ( 3 )

A
  1. Provides resources and services accessed via the internet
  2. Virtualized computing platform
  3. Scalable use of computing resources
19
Q

What can mobile internet help us?

A
  1. Waze ( Get lost in an unfamiliar place )
  2. Browse news, novel, social media, play games, watch movies
  3. Grab ( Get a ride )
20
Q

What is identified as one of the “Top 10 Strategic Technology Trends”

A
  1. Software-defined anything
  • Not merely a concept but a growing trend towards disrupting traditional way of thinking
  • Examples : Amazon ( Largest bookseller ) , Netflix ( Largest video service ) , iTunes ( Dominant music companies )
21
Q

What is the idea behind outsourcing?

A
  1. Focus on what you do best and let others do the rest
22
Q

What does crowdsourcing encourages?

A
  1. Encourages consumers and user to take charge and pursue their goals
23
Q

List out the examples for crowdsourcing ( 2 )

A
  1. Wreckage searching: When MH370 went missing, DigitalGlobe, an American satellite mapping company, set up Tomnod, a crowd-sourcing initiative, encouraging internet users to scan and tag images of more than 1200 mi2 of ocean to locate the missing plane
  2. Mapping: User editors made hundreds of millions of map edits and updated Waze’s map to reflect the changes on the ground
  3. Konwledge : Wikipedia
24
Q

What does the word prosumer consists ? ( 2 )

A
  1. Provider
  2. Consumer
25
Q

What is a prosumer?

A
  1. An individual who not only consumes but also produces
26
Q

What does long tail refers to?

A
  1. The large number of products that sell in small quantities, as contrasted with the small number of best-selling products
27
Q

What pressure does companies are getting for?

A
  1. Offer more and better products and services at lower costs and higher speed
  • Economy was changed from Suply Chaini to Prosumer Economy
27
Q

How does companies achieve economies of scale?

A
  1. By increasing production and lowering costs
  • Because costs are spread over a larger number of goods
27
Q

Does blockchain includes in digital finance?

A
  1. Yes
28
Q

List out collaboration tools ( 8 )

A
  1. Google Drive
  2. Google Meet
  3. Skype
  4. GoToMeeting
  5. Microsoft Teams
  6. One Drive
  7. SharePoint
  8. Yammer

Digital Thinking & Innovation (10 decks)

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