ISM3004 Exam 1 (Scavenger Hunt 1-3) EXAM
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Terms in this set (169)
"To cause something to be unable to continue in its
What is disruption? normal routine" this can be either a treasure or a
tumult
Tech creates both treasure and tumult. These
disruptions will accelerate, impact organizations,
Technology is a disruptor -
careers, and job functions throughout your lifetime.
what does that mean?
Technology has caused normal routines to change
completely
print ads are practically out, Google alone has more
ad revenue than all of print
Advertising
Causing the trust of ads to decrease
Online classes/Universities are taking away from the
Education
"traditional" schooling
Majority of banking can be done via apps
Financial Services
Credit Card Machine - "Square"
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Professional writers aren't being hired by news
companies, because they hire external bloggers
Journalism
Wikileaks
Traditional stores taking a hit by online shopping
Retail
companies
Share Economy Alternative ways to hotels, music, rental cars, taxis
For video rentals, music Go to a brick and mortar store like Blockbuster, which
industry, and higher included uncertainty, long lines, and late fees
education be able to
explain...
What was the normal way
of doing business?
Netflix came with "same but different" change. It
For video rentals, music implemented highly efficient distribution centers
industry, and higher which shipped and received videos. Their entire
education be able to catalogue and recommendations were all on their
explain... website.
What was the tech The way the content was delivered changed. Netflix
change? recognized that CD's weren't the future, so changed
to streaming media across the internet
Treasure Outcome: Netflix
What was the treasure
outcome for some and
Tumult Outcome: Blockbuster
what was the tumult
outcome for others?
Netflix is one of the highest grossing streaming
platforms and Blockbuster only has one store left
Video Rentals
globally
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Treasure Outcome: Digital music platforms (iTunes,
Spotify)
What was the treasure
outcome for some and
Tumult Outcome: Physical music
what was the tumult
outcome for others?
But in terms of whole album sales, physical music is
the treasure and digital music is the tumult because
Music Industry
most people don't digitally buy an entire album, they
usually only buy a single song
This is both a treasure and tumult for the universities
What was the treasure
that are willing to adapt to changes in technology
outcome for some and
because it allows them to have more students no
what was the tumult
matter where the students are; however, it also means
outcome for others?
that there may be a time where physical universities
are only available to people who are well off or won't
Higher Education
exist at all.
Be able to define the term Refers to a phenomenon whereby asset owners can
"share economy" and give use digital clearinghouses to rent the unused capacity
an example. of assets they own and consumers rent from their
peers rather than buying or renting from a company
Share Economy
How does IT bring asset By using Digital Clearinghouses to rent from their
owners and consumers peers instead of companies.
together in the share
economy?
How is the share economy It disrupts the new normal between consumers and
disruptive? rental businesses.
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Briefly explain four key The observation that computing power roughly
factors causing these doubles every two years at the same price
disruptions:
Gordan Moore (Intel co-founder)
Moore's Law
...and who is the tech
pioneer who proposed
Moore's Law?
Briefly explain four key Every 2 years, the abilities of our electronic devices
factors causing these will double while staying at approximately the same
disruptions: price as time goes on
This also means that a device that has a constant
Moore's Law amount of abilities or power will be twice as cheap
every 2 years
Be able to explain what
Moore's Law says.
Briefly explain four key Cost for CPU has become cheaper and cheaper over
factors causing these the years.
disruptions:
Moore's Law
Some products only need
a small amount of
computing power. How
does Moore's Law make
these products more
affordable over time?
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