43 Cards in this Set
| Front | Back |
|---|---|
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moore's law
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processing performance would double every 18 months
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IS infrastructure
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interconnection of basic services
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SaaS
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enables businesses to run software with little or no hardware, moves the brains of the software to server farms, might create latency
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supercomputers
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worlds fastest computers, does one task at a time
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on demand computing
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enterprise model in which computing resources are made available to the user as needed
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utility computing
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ervice provisioning model in which a service provider makes computing resources and infrastructure management available to the customer as needed, and charges them for specific usage rather than a flat rate
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parallel computing
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uses multiple processing elements simultaneously to solve a problem
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grid computing
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combines computing power of a large number of smaller, independent, networked computers, tasks broken in smaller chunks
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bit coin
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...
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disruptive innovation
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helps create a new market and value network, and eventually disrupts an existing market and value network (over a few years or decades), displacing an earlier technology
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price elasticity
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The rate at which the demand for a product or service fluctuates with price change
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ewaste
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Discarded, often obsolete technology; also known as electronic waste.
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cookie
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A line of identifying text assigned and retrieved by a given Web server and stored by your browser.
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dynamic pricing
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Pricing that shifts over time, usually based on conditions that change demand
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inventory turns
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The number of times inventory is sold or used during a specific period
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ecommerce
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any type of business, or commercial transaction, that involves the transfer of information across the Internet
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amazon web services
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allows firms, and really anyone with a credit card, to rent industrial-strength computing capacity on an as-needed basis
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liquidity
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cash at hand
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platform leadership
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firms that lead and drive innovation in their industry by stimulating complementary innovation performed by other firms
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compatibility
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The ability to take advantage of complementary products developed for a prior generation of technology.
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envelopment
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When one market attempts to conquer a new market by making it a subset, component, or feature of its primary offering.
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barnacles
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customers that are tightly anchored to the firm
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staying power
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The long-term viability of a product or service.
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congestion effect
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when increasing numbers of users lower the value of a product or service
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switching costs
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The cost a consumer incurs when moving from one product to another
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Metcalfe's law
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when value of a product or service increases as users increase
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lock in
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while chasing new customers, make it impossible for others to leave
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Web 2.0
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A term broadly referring to Internet services that foster collaboration and information sharing
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leapfrogging
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Competing by offering a new technology that is so superior to existing offerings that the value overcomes the total resistance that older technologies might enjoy via exchange, switching cost, and complementary benefits.
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long tail
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In this context, refers to an extremely large selection of content or products
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wiki
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A Web site that can be modified by anyone, from directly within a Web browser
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WYSIWYG
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A phrase used to describe graphical editing tools, such as those found in a wiki, page layout program, or other design tool.
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microblogging
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A type of short-message blogging, often made via mobile device
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hash tag
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A method for organizing tweets where keywords are preceded by the # character.
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mash-up
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The combination of two or more technologies or data feeds into a single, integrated tool.
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reputation manageent
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process of tracking and responding to online mentions of a product, service, or individual
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viral
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In this context, information or applications that spread rapidly between users.
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SMART
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The social media awareness and response team. A group tasked with creating policies and providing support, training, guidance, and development expertise for and monitoring of a firm’s social media efforts.
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troll
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mischief maker
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peer production
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When users collaboratively work to create content, products, and services
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wisdom of the crowd
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cases where having more than one person is better than one
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predictive markets
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polling a diverse crowd and aggregating opinions in order to form a forecast of an eventual outcome
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sock puppet
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A fake online persona created to promote a particular point of view, often in praise of a firm, product, or individual
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OIM 210: Study Guide