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cognitive bias - answer ✔✔-_____________ is a systematic pattern of deviation from norm or rationally
in judgement, and leads to distortion, inaccurate judgement, and what in general we call irrationality
System 1 - answer ✔✔-______________ is a fast automatic type of decision making. We tend to use
heuristics in this types of decision making. and this can lead to cognitive biases
- AI Foundation
-Intelligent Things
- Immersive Experience - answer ✔✔-Which of these technologies are part of the Gartner Top 10
Strategic Technology Trends?
Black Box - answer ✔✔-A system or object which can be viewed in terms of its inputs and outputs (or
transfer characteristics) without knowledge of its internal workings is called a ____________.
an algorithm - answer ✔✔-_____________ is an unambigous specification of how to solve a class of
problems
Artificial Intelligence (AI) - answer ✔✔-This term refers to intelligence as demonstrated by machines, in
contrast to the natural intelligence displayed by humans and other animals.
Value Chain - answer ✔✔-__________ is the set of activities that a company performs to produce value.
Computing - answer ✔✔-As ___________________ gets both faster and cheaper, it gets "baked into" all
sorts of products and shows up everywhere.
, Network effects - answer ✔✔-______________ refers to the idea that some products and services more
valuable as more people use them.
A simulation - answer ✔✔-____________ is an imitation of the operation of a real- world process or
system.
Anchoring - answer ✔✔-____________ is a cognitive bias where an individual relies too heavily on an
initial piece of information while making decisions
Strong AI ; Weak AI - answer ✔✔-Systems that think like humans are called _________; Systems that
support humans without understanding human reasoning are called ____________.
False - answer ✔✔-True or False: Network effects exist when a product or service becomes less valuable
as more people use it .
True - answer ✔✔-True or False; Distribution channel is the path through which products or services get
to customers
False - answer ✔✔-True or False; Technology can be difficult to copy, and technology always offers
sustainable competitive advantage
Commodities; price-forced - answer ✔✔-______________ are products or services that are nearly
identically offered from multiple vendors. For such products services, consumers are highly
___________ since they have so many similar choices.
False - answer ✔✔-True or False; Data is not a switching cost, and it does not play a critical role in
differentiation
Technology/ Research and Development - answer ✔✔-Which of the following is a secondary component
of the value chain