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ITM 209 Exam 1 MSU Questions And Answers Latest Update 2024/2025
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ITM 209 Exam 1 MSU Questions And Answers Latest Update 2024/2025
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ITM 209 Exam 1 MSU Questions AndAnswers Latest Update 2024/2025
Internet of Things Answer: World where interconnected, internet-enabled devices or "things" can
collect and share data without human intervention
Example of IoT Answer: Car insurance
♣ Install a sensor in your car that provides real time feedback so it can monitor your driving
Smart Thermostat
♣ Help homeowners manage energy more efficiently
Amazon's Grocery
Smart Savings
Why it's important for business leaders to understand that data collection rates from IoT devices is
increasing exponentially Answer: Data collection and analytic technologies have been collecting
massive amounts of data that can help answer critical business questions
More devices are being added, which means more communication to more people, which increases the
data at a rapid pace
Security issues associated with IoT Answer: privacy of personal data
more connections = more vulnerability
, Business Strategy Answer: a leadership plan that achieves a specific set of goals or objectives such
as:
developing new products or services
entering new markets
increasing customer loyalty
attracting new customers
increasing sales
Competitive intelligence Answer: the process of gathering information about the competitive
environment to improve the company's ability to succeed
Competitive intelligence tools Answer: Porter's 5 Forces Model
Porter's 3 Generic Strategies
Porter's Value Chain Analysis
Porter's 5 Forces Model Answer: Supplier power
Buyer power
Threat of substitute product or services
Threat of new entrants
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