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
What is a prosumer?
1. An individual who not only consumes but also produces
26
What does long tail refers to?
1. The large number of products that sell in small quantities, as contrasted with the small number of best-selling products
27
What pressure does companies are getting for?
1. Offer more and better products and services at lower costs and higher speed * Economy was changed from Suply Chaini to Prosumer Economy
27
How does companies achieve economies of scale?
1. By increasing production and lowering costs * Because costs are spread over a larger number of goods
27
Does blockchain includes in digital finance?
1. Yes
28
List out collaboration tools ( 8 )
1. Google Drive 2. Google Meet 3. Skype 4. GoToMeeting 5. Microsoft Teams 6. One Drive 7. SharePoint 8. Yammer