module 5

Question 1

general direction in which something is developing or changing.

Answer 1

trend

Question 2

trends of?

Answer 2

• industry
• health
• banking
• education
• business

Question 3

describes physical objects that are equipped with sensors, software, and other technologies allowing them to connect and exchange data with other devices and systems.

Answer 3

internet of things

Question 4

refers to the use of technology to reduce human intervention in processes. It involves creating machines, programs, or robots to handle tasks that were previously done by humans

Answer 4

automation

Question 5

trends in industry:

Answer 5

• internet of things
• automation

Question 6

benefits of IOT and automation:

Answer 6

• increased efficiency and productivity
• resource management
• enhanced convenience and comfort
• improved safety and security
• data driven decision making
• innovation and new opportunities

Question 7

examples of trend in industry:

Answer 7

• ford assembly line
• amazon robotic fulfillment center
• smart home
• smart cities

Question 8

refers to the use of information and communication technology in health care

Answer 8

e-health

Question 9

trends in health:

Answer 9

• e-health
• use of 5g technology for hospital operation
• AI-powered health apps

Question 10

lets you manage your bank accounts through a secure website or mobile app. It’s like having a mini bank branch accessible from anywhere with an internet connection, 24/7

Answer 10

online banking or internet banking

Question 11

• Available 24/7 and conveniently be accessed from anywhere
• Lower fees or no fees
• Financial transactions can be processed quick and efficiently
• Sometimes do require minimum balance fees
• Online and Phone customer services
• High Interest rate

Answer 11

online banking

Question 12

• Physical branches
• Human interaction and personalized attention
• Low interest rates, monthly service fees, account fees
• Obtain physical documents such as cashier’s checks, safe deposit boxes
• Additional services include investment advice, retirement planning, loan services
• In-person, online, and phone customer service

Answer 12

traditional banking

Question 13

refers to the buying and selling of goods and services over the internet. It encompasses a wide range of activities and has transformed the way we shop.

Answer 13

e-commerce

Question 14

the application of game design elements and principles in non-game contexts. In simpler terms, it’s about using the fun and engaging aspects of games to motivate people to participate in activities that wouldn’t normally be considered games.

Answer 14

gamification

Question 15

software application that helps organizations plan, administer, deliver, and track educational courses and training programs. Imagine it as a central hub for everything related to learning within an institution or company

Answer 15

learning management system

Question 16

examples of trend in education:

Answer 16

• gamification
• learning management system
• artificial intelligence (AI)

Question 17

A major concern surrounding automation is the potential for ______. As machines become more sophisticated, they can take over tasks previously done by human workers. This can lead to unemployment and economic hardship for those whose jobs are automated

Answer 17

job displacement

Question 18

Implementing automation can be expensive. Setting up automated systems, including robots, software, and infrastructure, requires a significant initial investment. This can be a barrier for smaller companies or those with limited financial resources.

Answer 18

high initial investment

Question 19

Operating and maintaining automated systems requires a different skillset than traditional manufacturing jobs. Businesses may need to invest in employee training or hire workers with specialized technical skills to manage and troubleshoot automation effectively

Answer 19

technical expertise

Question 20

Automated systems are often designed for specific tasks and may not be adaptable to changes in production processes or product designs. This lack of flexibility can be a challenge in dynamic and ever-evolving industries

Answer 20

lack of flexibility

Question 21

Industrial automation systems can be vulnerable to cyberattacks. Malicious actors could disrupt operations, steal sensitive data, or even cause physical damage. Robust cybersecurity measures are essential to protect automated systems.

Answer 21

security concerns

Question 22

Automated systems require ongoing maintenance and upkeep to function properly. Companies need to factor in the costs and resources associated with maintaining their automated equipment

Answer 22

maintenance and upkeep

Question 23

the environmental impact of automation needs to be considered. While automation can lead to some efficiencies, the manufacturing and disposal of automated equipment can have an environmental footprint.

Answer 23

sustainability impact

Question 24

the healthcare industry deals with a vast amount of personal and highly sensitive patient data, including medical history, diagnoses, and treatment information. Data breaches or unauthorized access can have severe consequences for patients

Answer 24

sensitive data

Question 25

Healthcare institutions are increasingly targeted by cybercriminals due to the valuable data they possess. Robust cybersecurity measures are essential to protect patient data and prevent cyberattacks

Answer 25

cybersecurity threats

Question 26

Unequal access to technology and the internet can exacerbate existing healthcare disparities. Low-income communities or geographically remote areas may struggle to access telehealth services or online patient portals

Answer 26

digital divide

Question 27

Not everyone has the same level of comfort or proficiency using technology. User-friendly interfaces and digital literacy initiatives can help bridge this gap and ensure everyone can benefit from technological advancements in healthcare

Answer 27

digital literacy

Question 28

Patient data may be fragmented across different healthcare providers' electronic health record (EHR) systems, making it difficult to get a holistic view of a patient's medical history

Answer 28

data silos

Question 29

The absence of standardized data formats and communication protocols can hinder the seamless exchange of information between different healthcare IT systems

Answer 29

lack of standardization

Question 30

Telehealth consultations may not always be a suitable substitute for in-person physical examinations where a hands-on approach is necessary

Answer 30

physical examinations

Question 31

Reliable internet connectivity is essential for effective telehealth, but limited broadband access in certain areas can restrict its reach

Answer 31

lack of broadband access

Question 32

Financial institutions are prime targets for cybercriminals due to the vast amount of sensitive customer data they hold. Data breaches and cyberattacks can lead to financial losses, reputational damage, and regulatory fines.

Answer 32

cybersecurity threats

Question 33

New financial technology (fintech) companies are emerging, offering innovative financial products and services that may disrupt traditional banking models. Banks need to adapt and innovate to compete effectively

Answer 33

fintech competition

Question 34

customers today expect a seamless and personalized banking experience across multiple channels (mobile, online, in branch). Meeting these expectations requires investment in digital transformation and user-friendly technology.

Answer 34

changing customer expectations

Question 35

Persistently low-interest rates can squeeze bank profits, making it difficult to generate income from traditional lending activities. Banks need to find new revenue streams and explore alternative business models

Answer 35

low-interest rate environment

Question 36

The banking industry is heavily regulated, and compliance with ever-evolving regulations can be complex and costly

Answer 36

regulatory compliance

Question 37

Global economic factors, trade tensions, and geopolitical instability can create uncertainty, making it difficult for businesses to plan and invest for the future

Answer 37

economic uncertainty

Question 38

The ecommerce landscape is becoming increasingly saturated, making it difficult for businesses to stand out from the crowd. Effective marketing strategies and a unique selling proposition are crucial for attracting and retaining customers.

Answer 38

high competition

Question 39

A tight labor market makes it challenging to find and retain qualified workers. Businesses need to develop competitive compensation packages, invest in employee training, and create a positive work environment to attract and retain top talent.

Answer 39

labor shortages

Question 40

Technology is constantly evolving, and businesses need to adapt and embrace new technologies to remain competitive. This requires ongoing investment in technology infrastructure, employee training, and innovation

Answer 40

rapid technological change

Question 41

Not all students have equal access to technology and the internet at home or school. This can exacerbate existing educational inequalities and hinder the effectiveness of technology-based learning for students from low-income backgrounds or remote areas

Answer 41

unequal access

Question 42

Overreliance on technology can distract students from traditional learning methods. Effective classroom management and strategies to promote focused learning are crucial.

Answer 42

tech overload

Question 43

Students need to develop the skills to evaluate online information critically, distinguish between credible and unreliable sources, and practice safe and responsible online behavior

Answer 43

digital literacy

Question 44

Collecting and storing student data online raises privacy concerns. Schools need robust data security measures and clear policies regarding student data collection and use to ensure student privacy

Answer 44

student data protection

Question 45

Increased screen time can expose students to cyberbullying, online predators, and inappropriate content. Educators and parents need to work together to promote responsible online behavior and equip students with the skills to stay safe online

Answer 45

cyberbullying and online safety