impact of technology

Name several components of information technology

phones, faxes. computer, and the internet

Moore’s law

Named after Gordon Moore. founder of intel

this law states that the processing power of microchips doubles every two years. Theres a corollary stating that the cost of computing is dropping by nearly 25% per year.

Hawthorne Effect

The phenomenon of improved productivity resulting from the act of studying a process rather than from making changes in the process.

Coopetition

Cooperative competition, which may involve networks, partnerships, or join ventures.

needs human, social, and physical capitals

first type of knowledge industries

One type has the product of knowledge itsself

ex. software, biotechnology, or information technology hardware industries

Second type of knowledge industry

manges or conveys information or data

ex. banking, insurance, telecomms. government, and education

tangible capital

AKA tangible assets consists of physical items such as buildings, roads, machinery

intangible capital

AKA intangible assets, education, research. development

factors that we can’t physically change

Predictions about sweeping changes that will be made as a result of technology often don’t become reality even though the technology is capable of performing as envisioned. Why?

Those making predictions consider only the capabilities of the technology. They fail to take into account the social context within which the current system exists and within which the technologically enhanced system must work.

What is a web year and what does it measure?

A web year is one seventh of a calendar year. Web years are used to measure technological evolution.

transistor

a solidstate electronic device thats used to control the flow of electricity in electronic equipment

POS

point of sale system

RFID

radio frequency identification device

EPC

electronic product code

UPC

universal product code

productivity paradox

product growth has slowed every decase since the 60s while investments in it have grown dramatically

ERP

massive enterprise resource planning

PDF

portable document format

product life cycle

phases from introduction of a product on the market and its replacement by another product