Unit 5 : Innovation in Digital Trends Flashcards
List out all the digital trends ( 7 )
- Big Data, Cloud Computing and Mobile Market
- Software-Defined Anything
- Outsourcing and Crowdsourcing
- Prosumer Economy
- Long Tail
- Digital Finance
- Collaboration
What does digitization promotes between? （ 3 ）
- Between humans
- Between things
- Between humans and things
What are the “first” that Kodak created? ( 3 )
- Came out on top in the imaging and photographic film market
- It created the world’s first digital camera using a Charge Coupied Device ( CCD ), a major piece of technology for digital imaging
- The first company to flame out in the imaging industry
Why does it failed to capture its own moments? ( 1 )
- To keep abreast ( side-by-side ) of digital technologies
The digital business world is constantly changing, list out 4 companies that have been detroned by another 4 country
Top 4 Tech Giants
1. Microsoft
2. HP
3. Intel
4. HP
5. Yahoo
Dethroned
1. Apple
2. Google
3. Amazon
4. Facebook
Why many companies have fallen in this ever-chaning digital business world? ( 2 )
- Because of a resistance to reform
- Have undergone disruptive changes
- Nokia and Blackberry ended up selling their assets
What are market players are inspired by?
- Inspired by the internet
What does big data, cloud computing, mobile internet focuses on?
- Changes in infrastructure
What does software-defined anything focuses on?
- Changes in productivity
What does outsourcing and crowdsourcing focuses on?
- Changes in production organization
What does prosumer economy focuses on?
- Changes in forces in economic growth
What does long tail focuses on?
- Changes in competitive landscape
What does digital finance focuses on?
- Changes in financial entities and technologies
What does collaboration focuses on?
- Changes in operations models
What does big data emphasizes ?
- It emphasizes not the amount of data but rather using new thinking to interpret the data, with the help of the internet
What does spotify use for collecting and analyzing data , then give informed music recommendations and suggestions to every user?
- 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
What concept does cloud computing use when it comes to payment?
- Pay-per-use
What does cloud computing provides? ( 3 )
- Provides resources and services accessed via the internet
- Virtualized computing platform
- Scalable use of computing resources
What can mobile internet help us?
- Waze ( Get lost in an unfamiliar place )
- Browse news, novel, social media, play games, watch movies
- Grab ( Get a ride )
What is identified as one of the “Top 10 Strategic Technology Trends”
- 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 )
What is the idea behind outsourcing?
- Focus on what you do best and let others do the rest
What does crowdsourcing encourages?
- Encourages consumers and user to take charge and pursue their goals
List out the examples for crowdsourcing ( 2 )
- 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
- Mapping: User editors made hundreds of millions of map edits and updated Waze’s map to reflect the changes on the ground
- Konwledge : Wikipedia
What does the word prosumer consists ? ( 2 )
- Provider
- Consumer
