MIST 2090 Part A Final Exam Correct 100%

What is Management Information Systems? - ANSWER A management information system is an organized integration of hardware and software technologies, data, processes, and human elements designed to produce timely, integrated, relevant, accurate, and useful information for decision-making purposes How do you sell to your customers today? - ANSWER -shops operate online -more variety of products available -sophisticated ERP systems manage inventory, redict sales, etc What's this course all about? - ANSWER -What are the technologies that are changing the business environment? -What business models are enabled by advances in technology? -What data is necessary to enable business success? -How is that data stored? Accessed? Used to transform business? -What are common MIS careers? What if you don't think you like coding? -How do you become a MIS major? What is "machine"? - ANSWER Rapidly increasing and expanding capabilities of machine What is "platform"? - ANSWER Large and influential young companies that bear little resemblance to the established incumbents in their industries (yet are deeply disrupting them! What is "crowd"? - ANSWER The startlingly large amount of human knowledge, expertise, and enthusiasm distributed all over the world, now able to be focused online ___ is an absurdly complex game mentioned in MPC - ANSWER Go What is Polanyi's Paradox? - ANSWER we know more than we can tell AlphaGo was not programmed with strategies and heuristics; instead, it relied on _______ - ANSWER a deep learning system that could learn them on its own Machines are using more ______ systems than rule-based systems - ANSWER pattern cognition What allows modern businesses to scale up rapidly? - ANSWER Businesses own mainly applications and code instead of physical assets What must platforms overcome before they can grow? Explain. - ANSWER "chicken or egg" problem; An example is an auction site like eB