MIS Exam 1 Questions with Complete
Solutions5
IoT - ANSWERS -internet of things, where every device is connected to the internet
data warehouses - ANSWERS -keep legacy systems and push that data into data warehouses,
where information is put in one spot for people to analyze
data lake - ANSWERS -storage capability where you store all your data
ERP - ANSWERS -software you get from a vendor
what three things must organizations do well to survive? - ANSWERS -decision making,
coordinating, adapt to environment
what role to information systems play in organizational success? - ANSWERS -process and
produce information
what is the difference between data and information? - ANSWERS -data is raw facts
information is processed
what is the difference between IS and IT? - ANSWERS -IS is broader than just tech but about
people
IT is technology and artifacts
what is systems thinking? - ANSWERS -holistic view of the organization (look at whole process)
, what does the gartner emerging technology hype cycle tell us? - ANSWERS -the general trend of
technology
what are the 5 stages of ETHC - ANSWERS -technology trigger, peak of inflated expectations,
trough of disillusionment, slope of enlightenment, plateau of productivity
when does gartner suggest companies adopt early? - ANSWERS -adoption depends on your
company and what will be high impact for your business
what characterizes the 4th IR and how it is different from other industrial revolutions? -
ANSWERS -faster than other industrial revolutions, created more disruption, more AI and
machine learning, digital technology started to interact with biological and physical world
what key points do you think the author of the 4th IR is trying to get across to the readers? -
ANSWERS -we need to use tech but need to have real conversations about tech and see if it is
getting out of hand, like AI
why do you think the 4th IR will potentially be so disruptive - ANSWERS -disruptive because it is
happening so quickly
what is EJ's core business strategy and how does this align with the potential for robo-advising
technology? - ANSWERS -building strong personal relationships between clients and advisors; it
does not align
what is EJ's approach to tech adoption? - ANSWERS -Very defensive because it didn't fit their
business strategy
what is the difference between applications and infrastructure? - ANSWERS -applications are
the actual business software programs used by people to performance job responsibilities (VPN)
Solutions5
IoT - ANSWERS -internet of things, where every device is connected to the internet
data warehouses - ANSWERS -keep legacy systems and push that data into data warehouses,
where information is put in one spot for people to analyze
data lake - ANSWERS -storage capability where you store all your data
ERP - ANSWERS -software you get from a vendor
what three things must organizations do well to survive? - ANSWERS -decision making,
coordinating, adapt to environment
what role to information systems play in organizational success? - ANSWERS -process and
produce information
what is the difference between data and information? - ANSWERS -data is raw facts
information is processed
what is the difference between IS and IT? - ANSWERS -IS is broader than just tech but about
people
IT is technology and artifacts
what is systems thinking? - ANSWERS -holistic view of the organization (look at whole process)
, what does the gartner emerging technology hype cycle tell us? - ANSWERS -the general trend of
technology
what are the 5 stages of ETHC - ANSWERS -technology trigger, peak of inflated expectations,
trough of disillusionment, slope of enlightenment, plateau of productivity
when does gartner suggest companies adopt early? - ANSWERS -adoption depends on your
company and what will be high impact for your business
what characterizes the 4th IR and how it is different from other industrial revolutions? -
ANSWERS -faster than other industrial revolutions, created more disruption, more AI and
machine learning, digital technology started to interact with biological and physical world
what key points do you think the author of the 4th IR is trying to get across to the readers? -
ANSWERS -we need to use tech but need to have real conversations about tech and see if it is
getting out of hand, like AI
why do you think the 4th IR will potentially be so disruptive - ANSWERS -disruptive because it is
happening so quickly
what is EJ's core business strategy and how does this align with the potential for robo-advising
technology? - ANSWERS -building strong personal relationships between clients and advisors; it
does not align
what is EJ's approach to tech adoption? - ANSWERS -Very defensive because it didn't fit their
business strategy
what is the difference between applications and infrastructure? - ANSWERS -applications are
the actual business software programs used by people to performance job responsibilities (VPN)
