BTM 2000 Midterm Exam

Data vs. Info

Info vs. Knowledge

Knowledge vs. Wisdom

Internet of Things (IoT)

The implementation of “smart” technology to “dumb“ things

SOA/Service Orientated Architecture

An established set of protocols of how data should be published, retrieved and more so that programs can better interact with one another

The Internet

WWW vs Internet

Cloud Computing

Elasticity

The ability to scale up and down the resources needed for computation or storage based on demand.

Load Balancing

Distributing work to different computers in order to allow for less strain on one server

Private Cloud

Usually used for more secure needs and hosted on sight. Resources are entirely exclusive to the owners of said cloud.

Hybrid Cloud

Uses both cloud models and takes the advantages from both.

Edge Computing

The pushing, processing, and decision making out to the nearest point of contact possible with the information or data

IaaS/Infrastructure as a Service

Offers the essential computational, storage, and networking resources paid by an on demand usage.

PaaS/Platform as a Service

Offers hosted computers and an operating system

SaaS/Software as a Service

Offers an environment with ready to use software

Growth and Explosion of the Cloud

Cloud enabling Innovations

Gets rid of an up front cost needed for infrastructure setup

Metcalf’s Law

The value of a network is squarely proportional to the amount of users

Moore’s Law

Number of transistors on a chip doubles every 2 years without a price increase.

Efficiency

How fast a task can be achieved with the least amount of resources

Effectiveness

How well a task is achieved based off the company’s mission statement

Machine Learning/Deep Learning

Turing Test

A test used to determine whether a sentence was written by a human or an AI.

Is the Turing Test sufficient?

AI

Software that enables an IS to mimic or simulate human intelligence

Neural Networks/Reasoning Systems

Value Chain

adding some sort of value/service, whether that be delivery, refining, etc.

Primary Activity

In porter’s value chain model, the fundamental activities that create value

Supporting Activity

procurement

• technology

  human resources

  firm infrastructure

5-Component Framework of IT Systems and Centrality of Data

Hardware, Software, Data, Systems, and Users

User Interface (with respect to AI)

Inference Engine (with respect to AI)

applies logical rules to the knowledge base to derive new knowledge

Knowledge Base (with respect to AI)

Asynchronous Communications

Synchronous Communications

single location meeting

Collaborative Consumption

Collaboration

Content Data

Connection Data

Iteration Control/Iteration Management

Microsoft Sharepoint

Parallel vs. Sequential Workflow

Social Capital

Social Media

User-Generated Content

Virtual Meetings

Project Management

Sequential Activities/Parallel Activities

PMI, CAPM, PMP and Prerequisites to Certifications

1972

Invention of the Internet

1982

IBM PC introduced

1989

World Wide Web Introduced

1991

Release of the Internet by the US Government for Public Use

1994

Java Script Introduced; enables a 2 way dialogue between computers