ISQS EXAM 1 - Mitchell
business value with IT related concepts - Answer- increases productivity, ensures security, gain competitive advantage ensuring successful projects with BDM - Answer- benefit dependencies networks are a drawn out plan that shows how IT will create a more successful business ( along with business changes) informational uncertainty - Answer- there is no perfect information relational uncertainty - Answer- opportunistic behaviors among actors resource uncertainty - Answer- no unlimited resources application to reduce informational uncertainty - Answer- CRM, ERP application to reduce relational uncertainty - Answer- buyer/seller ratings, online reviews application to reduce resource uncertainty - Answer- 3D printing, server visualization moore's law - Answer- The number of transistors per square inch on an integrated chip doubles every 18 months metcalfe's law - Answer- the value of a network is equal to the square of the number of users connected to it neilsen's law - Answer- network connection speeds for high-end users will increase by 50 percent per year kryder's law - Answer- the storage density on magnetic disks is increasing at an exponential rate bell's law - Answer- a new computer class forms roughly each decade establishing a new industry 5 components of IS - Answer- hardware, software, data, processes, people
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