Lecture notes
K201 Lecture Notes
- Module
- BUS-K 201
- Institution
- Indiana University
lecture notes for professor oh and other k201 classes
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CHAPTER 1Q1-Why is Introduction to MIS the most important class in the business school?
- Hottest jobs in tech companies
- Technology is fundamentally changing business
Digital revolution
- Information age–period in history where the production, distribution, and control of
information is primary driver of economy
- Began in 70s with digital revolution
- Bell’s Law–a new computer class forms roughly each decade establishing a new
industry; digital devices will evolve so quickly that they will enable new platforms every
10 years
Evolving capabilities
- Exponential change is affecting digital devices
Moore’s Law
- Because of technological improvements in electronic chip design and manufacturing, the
number of transistors per square inch on an integrated chip doubles every 18 months
- The ratio of price to performance of computer processors has fallen dramatically
- Increasing processing power has had a greater impact on global economy in past
30 years than any other single factor
- Cost of data processing is approaching zero
- Innovations (drug development, AI, molecular modeling, etc) require massive
amounts of processing power
- Currently held back by cost of buying sufficient processing power
- Cost is dropping = good news for innovation
Metcalfe’s Law
- The value of a network is equal to the square of the number of users connected to it
- More digital devices connected = increased value of that network
- More users using a network, the more it is worth
Other forces pushing digital change
- Nielsen’s Law
- Network connection speeds for high-end users will increase by 50% each year
- Kryder’s Law
- The storage density on magnetic disks is increasing at an exponential rate
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