Notes for Week of 8/24
Notes for Week of 8/24 MIST 2090
Popular in Introduction to Information Systems
Popular in Business, management
This 3 page Class Notes was uploaded by Jordan Jarrett on Tuesday September 1, 2015. The Class Notes belongs to MIST 2090 at University of Georgia taught by Janine E. Aronson and Nikhil Srinivasan in Fall 2015. Since its upload, it has received 79 views. For similar materials see Introduction to Information Systems in Business, management at University of Georgia.
Reviews for Notes for Week of 8/24
Better than the professor's notes. I could actually understand what the heck was going on. Will be back for help in this class.
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Date Created: 09/01/15
82515 Innovation what is it 0 Something new to an organization or society 0 In an organizational setting we generally distinguish innovation from invention 0 Invention something completely new 0 Innovation invention that is surrounded by people process and technology that can add value to society or the organization 0 Technical knowledge in one domain and apply it to another 0 An updateupgrade to something that has been previously created 0 Sometimes it takes a lot of time before an innovation develops outofaninvenUon 0 Also requires a lot of effort 0 A lot of other things have to be in place for an innovation to be successful Innovations that changed history 0 Magnet 0 Electricity 0 Einstein invented direct current but it couldn t travel long distance 0 Innovation AC invented Steam engines 0 Railroad tracks also had to be there 0 Innovations are often a lot of things put together Digital innovations CDs tied something physical to media 0 Apple invented iTunes 0 IPods were the innovation Innovation and creative destruction 0 For an idea to succeed and thrive something has to die creative destruction Carriages had to die when the automobile came out in order for it to succeed Creative destruction and SP 500 SampP 500 index that keeps track of market 0 Companies are entering and exiting this index very quickly their lifespan is very short 0 They re being destroyed all the time 0 Creative destruction is only increasing Attackers new entrance into a marketplace can be disruptive Attackers advantage traditional companies have huge overhead costs big buildings and employees 0 New entrances to the marketplace don t have these costs 0 Net ix avoided building costs by just mailing DVDs to costumers and not having physical stores 0 Blockbuster made a mistake by thinking their competition was Hollywood video not Net ix Defending against innovations 1 Create new things and ef ciencies in the way we run things a Old gets destroyed to create space for the new 2 Operate 3 Trade Managing innovation process of failure WD4O took 40 tries to get it right Structured Openended o lterative Creative Pivot when a company sees what is working they should pivot towards what works 0 lnstagram wasn t always what it was now they saw that people enjoyed sharing pictures and then made that what they were about 0 Be exible enough to move towards the idea that works 82715 Social How do companies attract and keep customers 0 Once you nd a product that works you stick with it Mobile when we use technology we leave behind digital traces Someone records all digital traces and identify patterns and things they can leverage to nd value Analytics analyzing everything we do to derive value Cloud using remote servers Computer architectures 0 Improved over time Clientserver different devices such as mini computers 0 LAN local area network 0 Network inside a building using wires 0 WAN wide area network 0 Connects computers and servers across multiple buildings and campuses Foundation for the internet was an easy way to transmit info 0 Cloud computing is a technology that lowers cost and allows companies to create stable technologytransmitting environments Attackers advantage advantage a new company has over an incumbent 0 BC existing company has already invested time money and resources 0 Cloud allows you to use servers that are managed by someone else 0 One cost associated with cloud computing is cooling the computers down 0 Facebook servers are located near the north pole in order to keep them cooled down 0 Facebook and Google run cold water through their server room 0 Keeping energy costs down is a big advantage of cloud computing Cloud 0 Cloud infrastructure is the physical makeup Cloud services allow you to store stuff or connect to servers on the cloud 0 Computers give you a piece of info Microsoft is big into selling you services that cost you yearly not just selling you word or excel Amazon offers a bunch of different services The people that sell these services exist across all different layers of cloud computing stacks 3D printing people are trying to gure out how to print human tissue 0 Already printed food
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