Tech esp Flashcards
(33 cards)
Executive support system ESS or Executive information system EIS
- Usually used by senior management or directors
- Uses data from internal and external sources to make information
- Hopes senior manages to make strategic, unstructured decisions
- Predictive probability forecasted
Management information systems MIS
Convert dates for Main and sources like summary reports
Help manages to make a timely and effective decisions for planning directing and controlling the activities they are responsible for.
Decision support system DSS
Combine states and analytical models or data analysis was to support semi structured and unstructured decision meeting so essentially a mixture of num and written
Expert system eg Medical system to diagnosed of illness
System will consist of database holding specialised data and rules about what to do in or how to separate a given set of circumstances
Knowledge work systems KWS
Facilitate the creation and integration of new knowledge into an organisation eg project management software
Office automation system OAS
Systems that increase the productivity of data and information workers e.g. email, word, Google Drive
What is cloud computing?
Storage software that is used through the Internet
What are three characteristics of cloud?
It’s sold on demand and build by minutes or hour
It’s elastic meaning that uses access as much as little as
It’s fully managed by the provider meaning that the user just needs a device and Internet access
Give three limitations of cloud computing
Data is held centrally so not only gonna be accessed by many uses at once, but it can also be up-to-date for all users
Cloud providers handle the backup process
The cloud providers handle updates the system
What is the Internet of things?
The connection of competing devices to the Internet. The devices take And turn it into information Like thermostats, gas, and electricity meters And black boxes
Digital assets
A source of revenue
Intangible asset
Bitcoin
Data and information created and stored digitally can be a form of digital asset so like photos, films, videos drawings et cetera
What is blockchain
Is a method of recording transactions in such a way that is nearly impossible to go back and change the history to fraudulently to make the records more favourable
What are cryptocurrencies?
Cryptocurrencies are digital tokens and people can trade with them online
What are risks that comes With digital currencies
The value of digital currencies are volatile and are subject to market forces
Online digital wallets can be hacked
Criminals to avoid money laundering regulations
Fintech
Lower cost operation that’s why it’s attractive
Crowdfunding- Ask for money online
Pair 2 pair lending
Digital wallets
Cognitive technologies: Artificial intelligence
Where a computing device has been programmed to think like a human. it uses an intuition to make decisions based on past experience and reasoning to come to a conclusion. like also in keyboard suggestions
Cognitive technologies: Machine learning
A computing device is able to develop its own rules rather than follow a pre-program logic. The machine will attempt to predict what will happen based on pattern.
Cognitive tech: robotic process automation
Pre-programmed robot with a degree of machine learning for example a software robot watches how use your phone and starts to make suggestions like setting alarms
Obsolescence risk
Businesses have to invest in technologies to stay competitive as a risk that the investment becomes a wasted due to obsolescence
Name the risks that comes with companies investing in new technology to stay competitive
Sourced activity, so the risk is placed upon the outsourcer
Invest in technologies that have the capability to be updated
Invest in technologies that have a shorter payback period
What is an inexplicability risk?
As a computer becomes more and more powerful algorithms used becomes so complicated like humans cannot understand them and it can be difficult to check and explain result
What is data protection?
Companies should only use data provided by individuals for the purposes Originally intended, however, data artificial intelligence processes could attempt companies to use data of a different means or hold onto the data longer than they should
What is automation risks?
As companies move from human processes activities to those processed by software robots and learning machines a new set of skills is required to ensure processing is taking place as expected
Give 2 ethical risks
If a machine makes a mistake, who is the blame?
How can machines make ethical decisions?
