Exam 1: Disruptive IT Impacts Companies, competition, and Careers

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Most recently,tech innovations are seldom triggering opportunities and threats to business models and strategies.

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Explain the characteristics of big data.Describe two sources of big data collected by enterprises.

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Big data are high-volume,high variety,and mostly unstructured or text data.Enterprises collect big data from multiple channels and sources,including:
-mobile devices and sensors embedded in products and physical things
-social content from texts,tweets,posts,blogs.
-clickstream data from the Web and Internet searches.
-videos and photos from retail and user-generated content.
-financial,medical,research,and customer transactions.

Digital business models refer to a set of capabilities enabled when physical things are connected to the Internet via sensors.

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Routine formal processes are referred to as ________.

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Routine formal business processes are referred to as ________.

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___________ develop requirements,budgets,and schedules for their firm's information technology projects.They coordinate such projects from development through implementation,working with their organization's IT workers,as well as clients,vendors,and consultants.

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Explain why this statement is true: What companies can do depends on what their information technology and data management systems can do.

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With a ________________________ arrangement,companies pay for their software usage based on a subscription fee or on a per usage basis.

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Privacy regulations may prohibit financial institutions from posting or responding to customers' comments through social media sites.

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From an IT perspective,the mobile devices form the core;the cloud forms the endpoints;and social networks create the connections between the cloud and mobiles.

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In order to be successful,BPM requires all of the following except ________.

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_____________ develop requirements,budgets,and schedules for their firm's information technology projects.They coordinate such projects from development through implementation,working with their organization's IT workers,as well as clients,vendors,and consultants.

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________ involves managing and analyzing massive sets of data for purposes such as target marketing,trend analysis,and the creation of individually tailored products and services.

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Computers,databases,and network services are examples of IT _________.

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________ are data visualizations that display the current status of key performance indicators in easy-to-understand formats:

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Dropbox,Gmail,and Google Drive are services accessible via the Internet and examples of ________

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Big data tend to be unstructured and less time-sensitive than traditional (or small)data.

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The goal of ________ is to eliminate the unnecessary non-value-added processes,then to simplify and automate the remaining processes to significantly reduce cycle time,labor,and costs.

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IT job growth is estimated at ________ from 2014 to 2024,according to the U.S.Department of Labor.

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__________ evaluate the newest and most innovative technologies and determine how they can be applied for competitive advantage.They develop technical standards,deploy technology,and supervise workers who deal with the daily IT issues of the firm.

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