IDSC 3001 Quiz 1 Updated 2025 with complete solution
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Course
IDSC 3001
Institution
IDSC 3001
Opportunity: the digital edge - -At the extreme are hyperscale businesses that are challenging
conventional business models
-These businesses have platforms: users, suppliers, devices, transactions, "data", numbered in the
hundreds of millions
-Digital powerhouses are moving from search and soc...
IDSC 3001 Quiz 1
Opportunity: the digital edge - -At the extreme are hyperscale businesses that are challenging
conventional business models
-These businesses have platforms: users, suppliers, devices, transactions, "data", numbered in the
hundreds of millions
-Digital powerhouses are moving from search and social networking into new sectors like crypto
currency, banking, food, transportation, retails, ect
-Hyperscaling will expand as cheaper computer power, sensors, and communications accelerate
businesses adoption of digital technologies
Common building blocks of technology: digital assets - convergence of employees, customers, and
suppliers into a shared digital domain
Why technology matters to business - Largest single capital investment and 50% is wasted
Technology is essential but risky
One million new malicious programs launched every day
The US is number one for targeted attacks
Information systems - A set of interrelated components (data, software, hardware, networks)
used to collect, process, store, and retrieve
-A transport mechanism
-Global infrastructure technology (internet)
-It's a perfect commodity
Common building blocks of technology: employees - distributed, mobile, diverse, global,
connected, 24/7 workforces
Common building blocks of technology: customers - want seamless interaction on demand,
emphasis on convenience
, Common building blocks of technology: suppliers - must securely capture, analysis and share data
in real time, at multiple points of contact, with a variety of partners
DIKW Model -
Moore's Law - "The speed of technology doubles and the costs falls in half every 18 months."
Quantum computing growth - -Exponential growth
-Quantum advantage
IBM's results: exponential forecast for growth of quantum processing power
-No end in sight
Why is technology unstoppable in industries? - •Market entry is getting easier
•Entirely new disruptive markets
•Data travel at the speed of trust
•New digital skill-sets and attitudes
The global economy is becoming the ____ economy - digital
What is driving disruptive changes in business? - Digital technology
The digital economy is changing conventional notions about what? - how businesses are
structured, how firms interacts, and how consumers obtain goods, services, and information
Enterprising technology trend -- Disruption - -Business success in the digital age is driven by how
well organizations understand end-user requirements
-The value of digital transformation is important in most industries, and critical for survival in some
-First mover status and speed to market is a deciding factor
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