Class notes
K201 Lecture Notes
- Course
- BUS-K 201
- Institution
- Indiana University
lecture notes for professor oh and other k201 classes
[Show more]
Seller
Follow
Content preview
CHAPTER 1Q1-Why is Introduction to MIS the most important class in the business school?
- Hottest jobs in tech companies
- Technology is fundamentally changing business
Digital revolution
- Information age–period in history where the production, distribution, and control of
information is primary driver of economy
- Began in 70s with digital revolution
- Bell’s Law–a new computer class forms roughly each decade establishing a new
industry; digital devices will evolve so quickly that they will enable new platforms every
10 years
Evolving capabilities
- Exponential change is affecting digital devices
Moore’s Law
- Because of technological improvements in electronic chip design and manufacturing, the
number of transistors per square inch on an integrated chip doubles every 18 months
- The ratio of price to performance of computer processors has fallen dramatically
- Increasing processing power has had a greater impact on global economy in past
30 years than any other single factor
- Cost of data processing is approaching zero
- Innovations (drug development, AI, molecular modeling, etc) require massive
amounts of processing power
- Currently held back by cost of buying sufficient processing power
- Cost is dropping = good news for innovation
Metcalfe’s Law
- The value of a network is equal to the square of the number of users connected to it
- More digital devices connected = increased value of that network
- More users using a network, the more it is worth
Other forces pushing digital change
- Nielsen’s Law
- Network connection speeds for high-end users will increase by 50% each year
- Kryder’s Law
- The storage density on magnetic disks is increasing at an exponential rate
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller gabbyh123. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.39. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now