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Term for internet, constantly changing...magical

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a set of techniques and tools for the acquisition and transformation of raw data into meaningful and useful info
-Analytics and making decisions with it

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It is an electronic interface used to acquire and consolidate data across an organization.

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Supply Chain Management
-leadership provides oversight for partnerships and processes that compose the supply chain and leverages these relationships to provide an operational advantage

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Customer relationship management. Customer satisfaction

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Transaction Process System:
Monitoring, collecting, and processing data from each business transaction..
i.e. This is when the customer reaches the cash register and data is collected based on their purchase

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Enterprise Resource Planning
-Put everything in one database
-People can only access what they need
-Threats have huge impact
-VERY expensive

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Strengths- High Bandwidth, Large Coverage Area
Weaknesses- Expensive, Must have unobstructed line of sight, must use encryption for security

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How good is WIFI with line of sight, price, etc

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How good is WIFI with line of sight, price, etc

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PROS: Efficient, transfers a lot of data, cost effectiveness, easily accessible. CONS: Security, coverage, average distance 115-230 ft, speed.

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How good is WIFI with line of sight, price, etc?

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How good is WIFI with line of sight, price, etc?

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Pros:
-Wireless.
-Good bandwidth.
-Low Power.
-Different Devices sync.
-Moderate price.
Cons.
-Certain/Small range.
-Insecure.

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Low Power
Cheap
Compact
Portable
Easy to use
Problems with line of sight
Small Bandwith
Short range
Not very secure

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Advantages: can pass through walls, inexpensive, miles of range (30-40)
Disadvantages: low bandwidth, susceptible to snooping, electrical interference

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Must have perfect Line of sight/ small range
High Bandwidth
They are secure
They are cheap
i.e. Antennas in the stock exchange

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Only a physical store, not an online store.

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1.) Employee Training (Human Error)
2.) Updates & Backups (Tech Failure and Disaster)
3.) Anti-Virus and Firewalls (Software Attack)
4.) Deliberate (Security: Gaurds, Biometrics, doors)

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They sell merchandise online and in a physical location

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Direct
Auction
Advertising
Name-your-own-price.
Find-the-best-price.
Group Purchasing.
Customization.
Membership/Subscription.
Exchange/Marketplace.
Banking.
Deep discounts.
Micro-transactions.

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What are the different target markets in e-commerce?

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What are the different target markets in e-commerce?

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B2C: Business to consumer
B2B: business to business
C2C: consumer to consumer
B2G: business to government
B2E: business to employee

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When a company begins to compete with themselves, because they want the best prices
i.e. they have lower prices online then in the actual physical store

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Users can purchase virtual goods via micro-payments. Ex: Buying an app. Problem is the credit card fees, pay more to the company than spending on the actual purchase.

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1.) Usability
2.) Engaging
3.) Promotion
4.) Organized
5.) Customer Interaction (Touch Point)
6.) Incentives or rewards

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What has been the biggest shift in the app economy?

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What has been the biggest shift in the app economy?

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Apps are free and there are in- app purchases
"Freemium" market

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It is getting information or input from customers, possibly through the internet.

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a website that takes content from multiple sources, puts them together to create a new type of content.. i.e. Run DMC and Aerosmith- Walk this Way

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What are the four ways to leverage Web 2.0 effectively?

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What are the four ways to leverage Web 2.0 effectively?

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1. Incentives (make it worthwhile)
2. Interact (ability to interact)
3. Listen (what do your customers want)
4. Trends (what's trending - i.e Twitter with hashtags)

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In between the internet and any network.

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Local Area Network
Wide Area Network

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a web 2.0 Collection of Links on a website, that is controlled by the users
i.e. reddit, pinterest

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Generation

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Broadband- High Speed Connection
Bandwidth- Measurement of Data

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A web based gateway and collection of links.

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Warehouse for data

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To make things more searchable.

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Getting value out of data

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What made it easier for company to do analytics?

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What made it easier for company to do analytics?

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1. Computers became cheaper and faster
2. Data more readily available
3. Hadoop- free software that is used for processing & storing extremely large data sets

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Planning
Design
Testing
Implementation
Maintenance

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4 Fundamental Components of Information Systems:

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4 Fundamental Components of Information Systems:

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1.) Hardware
2.) Software
3.) Networks
4.) Data

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Use wikis and train employees. Compile articles of information.

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What employees know and how you retain that information... i.e. a wiki

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What are the three ways to acquire software?

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What are the three ways to acquire software?

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1. Leasing
2.Buying it
3. Customization

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1. Deliberate Attacks
2. Unintentional
3. Natural disasters
4. Tech Failures