Exam 1: Doing Business in Digital Times

________ means that IT capacity can be easily scaled up or down as needed,which essentially requires cloud computing.

Machine-to-machine (M2M)technology enables sensor-embedded products to share reliable real-time data via satellite or optics.

Primary activities are those business activities through which a company produces goods,thus creating value for which customers are willing to pay.They include all of the following except:

________ 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.

Mass migration to mobile devices from PCs has expanded the scope of IT beyond traditional organizational boundaries-making location practically irrelevant.

Machine-to-machine (M2M)technology enables sensor-embedded products to share reliable real-time data ________.

Machine-generated data and social media texts are examples of big data.

Informal processes are needed for the situations involving safety,security,or compliance.

The field of ________ 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.

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

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

Designing an effective process can be complex because you need a deep understanding of the inputs and outputs,how things can go wrong,and how to prevent things from going wrong.

Enterprises use real-time data from tweets and sensors to gain insight into their customers' interests and preference.

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.

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

________ refers to a set of capabilities enabled when physical things are connected to the Internet via sensors.

________ means having the ability to quickly integrate new business functions or to easily reconfigure software or apps.

Cloud computing can often make it difficult to deploy tools that can scale on demand to serve a growing number of users.

More data are collected in one day now than existed in the world 10 years ago.

SWOT analysis involves the evaluation of industry strengths and weaknesses and also opportunities and threats,which are internal factors.