View
- Term
- Definition
- Both Sides
Study
- All (43)
Shortcut Show
Next
Prev
Flip
OIM 210: EXAM 2
moore's law
|
processing performance would double every 18 months
|
IS infrastructure
|
interconnection of basic services
|
SaaS
|
enables businesses to run software with little or no hardware, moves the brains of the software to server farms, might create latency
|
supercomputers |
worlds fastest computers, does one task at a time
|
on demand computing
|
enterprise model in which computing resources are made available to the user as needed
|
utility computing
|
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
|
parallel computing
|
uses multiple processing elements simultaneously to solve a problem
|
grid computing
|
combines computing power of a large number of smaller, independent, networked computers, tasks broken in smaller chunks
|
bit coin
|
... |
disruptive innovation
|
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
|
price elasticity
|
The rate at which the demand for a product or service fluctuates with price change
|
ewaste
|
Discarded, often obsolete technology; also known as electronic waste.
|
cookie
|
A line of identifying text assigned and retrieved by a given Web server and stored by your browser.
|
dynamic pricing
|
Pricing that shifts over time, usually based on conditions that change demand
|
inventory turns
|
The number of times inventory is sold or used during a specific period
|
ecommerce
|
any type of business, or commercial transaction, that involves the transfer of information across the Internet
|
amazon web services
|
allows firms, and really anyone with a credit card, to rent industrial-strength computing capacity on an as-needed basis
|
liquidity |
cash at hand
|
platform leadership
|
firms that lead and drive innovation in their industry by stimulating complementary innovation performed by other firms
|
compatibility
|
The ability to take advantage of complementary products developed for a prior generation of technology.
|
envelopment
|
When one market attempts to conquer a new market by making it a subset, component, or feature of its primary offering.
|
barnacles
|
customers that are tightly anchored to the firm
|
staying power
|
The long-term viability of a product or service.
|
congestion effect
|
when increasing numbers of users lower the value of a product or service
|
switching costs
|
The cost a consumer incurs when moving from one product to another
|
Metcalfe's law
|
when value of a product or service increases as users increase
|
lock in
|
while chasing new customers, make it impossible for others to leave
|
Web 2.0
|
A term broadly referring to Internet services that foster collaboration and information sharing
|
leapfrogging
|
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.
|
long tail
|
In this context, refers to an extremely large selection of content or products
|
wiki
|
A Web site that can be modified by anyone, from directly within a Web browser
|
WYSIWYG
|
A phrase used to describe graphical editing tools, such as those found in a wiki, page layout program, or other design tool.
|
microblogging
|
A type of short-message blogging, often made via mobile device
|
hash tag
|
A method for organizing tweets where keywords are preceded by the # character.
|
mash-up
|
The combination of two or more technologies or data feeds into a single, integrated tool.
|
reputation manageent
|
process of tracking and responding to online mentions of a product, service, or individual
|
viral
|
In this context, information or applications that spread rapidly between users.
|
SMART
|
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.
|
troll
|
mischief maker
|
peer production
|
When users collaboratively work to create content, products, and services
|
wisdom of the crowd
|
cases where having more than one person is better than one
|
predictive markets
|
polling a diverse crowd and aggregating opinions in order to form a forecast of an eventual outcome
|
sock puppet
|
A fake online persona created to promote a particular point of view, often in praise of a firm, product, or individual
|