MIS 304 Exam 1 (100% Errorless)

What is MIS? correct answers The study of people, technology, organizations and the relationships among them (basically, the intersection of business and technology) Toffler's Future Shock correct answers "Too much change in too short a period of time" -Agriculture and Handwork -Industrial Revolution -The Information Age *-Each age enabled the age that followed* Five IT Megatrends correct answers *Business managers must understand these if they do not want to get left behind:* -Mobile computing -Social media -Big data -Cloud computing -Consumerization of IT Big Data (examples) correct answers Everything captures data (i.e. house, car, watches, alarm systems, FB, Twitter, LinkedIn, Google, etc.) *Volume, velocity, variety, varacity* Five IT Megatrends: *Mobile Computing* correct answers -Increased collaboration -Ability to manage business in real time -New ways to reach customers (people always have their phones on them) -Employees can conduct business anywhere at any time) Five IT Megatrends: *Social Media* correct answers -Organizations use social media to encourage employee collaboration with their customers -Mining social media sites for good/bad sentiment towards a business and the factors driving it Five IT Megatrends: *Big data* correct answers -2011: 1.8 zettabytes of data used (equivalent to 57 billion 32GB iPads) -This # forecasted to grow by 50 times by 2020 *-Presents new opportunities to analyze/mine info* *-Can pose tremendous challenges for business* *-Everything captures data (i.e. Target & Google)* *-VOLUME, VELOCITY, VARIETY, VERACITY* Five IT Megatrends: *Cloud Computing* correct answers -Internet used as a platform for apps/data