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11 Cards in this Set
- Front
- Back
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What is digital innovation? |
Involves doing things differently through the application of ICT. |
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Inter-relationship of ICT application and business activity. |
The worth of ICT lies in the ways in which it can transform data systems.. through such transformation information systems are improved and coordination sytems perform better. |
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Internet. |
Traditonally, the internet has been used to connect together across networks somputing and commubications devices such as PCs and laptops. But many other modern devices are digital in the sense of having software controlling them and senors that monitor critical things. |
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What is crowdfunding? |
The practice of funding a project or venture by taising small amounts of capital from a large set of dispersed individuals. |
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What is crowdsourcing? |
The practice of soliciting services, content or ideas from a large set of dispersed individuals.. |
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What is big data? |
Big data is based upon the idea that large datasects can be assembled from diverse sources and that such data sets can be 'mined' for business insight |
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What is blockchain? |
A technological platform for building distributed electronic ledgers |
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What is authentication? |
Ensuring somebody is who they say they are in electronic communication. |
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What is encryption? |
The double coding of data to secure it in transmission or storage. |
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What is access control? |
Ensures that only designated users can access certain parts of corporate data |
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Key points. |
- Innovation is about doing things differently. - Digital innovation involves doing things differently with ICT. - ICT allows us to do things differently primarily in terms of articulation within data systems. - Such differneces in articulation may cause us to communicate and coordinate differently. - We might conduct business activity at a distance. - The internet of things - communicate with things other than people. - Cloud - manage aspects of our infrastructure remotely. - Cloud-work - collaborate with dispersed groups of people. - Big data - analyse our data for insight. - Blockchain - participate in economic excbahnge without the need for intermediaries - Idenitity management - secure our personal data more effectively. |
