Introduction to Management Information Systems

These flashcards cover key vocabulary and concepts related to management information systems and technological advancements as discussed in the lecture notes.

Moore's Law

The observation that the number of transistors on a microchip doubles approximately every two years, leading to more efficient computing.

Disruptive Technologies

Innovation that significantly alters the way that businesses or entire industries operate, often displacing established technologies.

Digital Transformation

The process of using digital technologies to create new or modify existing business processes, culture, and customer experiences.

Total Cost of Ownership (TCO)

The purchase price of an asset plus the costs of operation over its lifetime, including maintenance, support, and disposal.

BYOD

Bring Your Own Device; a policy that allows employees to use their personal devices for work purposes.

Cloud Computing

The delivery of computing services over the internet, allowing for scalable resources and services on demand.

Supercomputers

Computers that are among the fastest in the world at any given time, used for complex computational tasks.

Grid Computing

A distributed computing model that uses special software to link multiple computers to work together on a shared problem.

Quantum Computing

An area of computing focused on developing computer technology based on the principles of quantum theory, potentially offering exponential speedup for certain computations.

Application-specific Integrated Circuits (ASICs)

Chips designed for a specific application, offering high performance for tasks but are costly to develop.

Field-Programmable Gate Arrays (FPGAs)

Reconfigurable chips that can be changed in the field to optimize performance for specific tasks.

Evolving waves of computing

Stages of computing advancement, including mainframes, minicomputers, PCs, Internet computing, smartphones, and pervasive computing.

Latency

The time delay experienced in a system or process, crucial in determining the speed of data transfer in networks.

Digital Convergence

The merging of distinct technologies, devices, and services into a unified whole, often enhancing user experiences.