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Questions and Answers
What is Moore's Law?
What is Moore's Law?
Moore's Law states that chip performance per dollar doubles every eighteen months.
What does the term 'price elasticity' associated with faster and cheaper technologies mean?
What does the term 'price elasticity' associated with faster and cheaper technologies mean?
Moore's Law applies only to processors or chip-based technologies.
Moore's Law applies only to processors or chip-based technologies.
True
RAM is a type of ____________ memory.
RAM is a type of ____________ memory.
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What is the function of GlowCap from Vitality, Inc.?
What is the function of GlowCap from Vitality, Inc.?
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The sensor developed by Proteus, a Novartis-backed venture, is activated by external power sources.
The sensor developed by Proteus, a Novartis-backed venture, is activated by external power sources.
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The Chips inside the pills developed by Proteus are powered by the body's _______ _______.
The Chips inside the pills developed by Proteus are powered by the body's _______ _______.
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What was the cost of the original iPod at launch?
What was the cost of the original iPod at launch?
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Match the following storage units with their corresponding size:
Match the following storage units with their corresponding size:
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What is Moore's Law? What does it apply to?
What is Moore's Law? What does it apply to?
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Are other aspects of computing advancing as well? At what rates?
Are other aspects of computing advancing as well? At what rates?
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What is a microprocessor? What devices contain microprocessors?
What is a microprocessor? What devices contain microprocessors?
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What is a semiconductor? What substance are most semiconductors made of?
What is a semiconductor? What substance are most semiconductors made of?
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How does flash memory differ from the memory in a PC? Are both solid state?
How does flash memory differ from the memory in a PC? Are both solid state?
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Which of the following are solid-state devices: an iPod shuffle, a TiVo DVR, a typical laptop PC?
Which of the following are solid-state devices: an iPod shuffle, a TiVo DVR, a typical laptop PC?
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Why is Moore’s Law important for managers? How does it influence managerial thinking?
Why is Moore’s Law important for managers? How does it influence managerial thinking?
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What is price elasticity? How does Moore’s Law relate to this concept? What’s special about falling chip prices compared to price drops for products like clothing or food?
What is price elasticity? How does Moore’s Law relate to this concept? What’s special about falling chip prices compared to price drops for products like clothing or food?
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Study Notes
Moore's Law and Computing Advancements
- Moore's Law states that chip performance per dollar doubles every 18 months, leading to exponentially faster and cheaper computing.
- This phenomenon has driven the computer industry and has impacted various other fields, including medicine, entertainment, and commerce.
Key Components and Technologies
- Microprocessors: the brain of a computing device, executing instructions and allowing computers to run programs.
- Random-Access Memory (RAM): volatile memory that provides fast access for executing computer programs and files.
- Flash memory: nonvolatile memory that holds data even when power is off, used in devices like cameras, MP3 players, and mobile phones.
Impact of Moore's Law on Business and Society
- Faster and cheaper computing has opened new markets, created opportunities for firms, and catalyzed industry disruption.
- Increased computing power has led to:
- Ubiquitous computing in various devices, from mobile phones to home appliances.
- Shifts in industries, such as photography, music, and healthcare.
- Development of innovative products and services, like smart pill bottles and wearable devices.
Examples of Companies Leveraging Moore's Law
- Apple: from the iPod to the iPhone, Apple's products have ridden the waves of Moore's Law, transforming the music, phone, and computer industries.
- Amazon: from online bookstore to digital media powerhouse, Amazon has leveraged Moore's Law to dominate the music and book retail markets.
- Ambient Devices: a firm that has embedded computing and communications technology into everyday devices, creating innovative products like the Orb lamp and weather-sensing umbrella.
Measuring Data Capacity and Storage
- Bits and bytes: the fundamental units of digital information, with prefixes (kilo, mega, giga, tera, peta, exa) used to describe larger quantities of data.
- Storage: measured in bytes, with increasing capacities (kilobyte, megabyte, gigabyte, terabyte, petabyte, exabyte) used to describe larger amounts of data.### Bytes and Storage
- 1 byte = 1 keyboard character = 8 bits
- 1 kilobyte (KB) = 1,000 bytes
- 1 megabyte (MB) = 1,000,000 bytes
- 1 gigabyte (GB) = 1,000,000,000 bytes
- 1 terabyte (TB) = 1,000,000,000,000 bytes
- 1 petabyte (PB) = 1,000,000,000,000,000 bytes
- 1 exabyte (EB) = 1,000,000,000,000,000,000 bytes
- 1 zettabyte (ZB) = 1,000,000,000,000,000,000,000 bytes
Examples of Data Storage
- 1 typewritten page = 2 KB
- 1 digital book (Kindle) = approximately 500-800 KB
- 1 digital photo (7 megapixels) = 1.3 MB
- 1 MP3 song = approximately 3 MB
- 1 CD = approximately 700 MB
- 1 DVD movie = approximately 4.7 GB
- 1 Blu-ray movie = approximately 25 GB
- Printed collection of the Library of Congress = approximately 20 TB
- Wal-Mart data warehouse (2008) = approximately 2.5 PB
- Amount of data consumed by U.S. households in 2008 = approximately 3.6 ZB
Moore's Law
- States that for the same money, roughly every 18 months, computer chips will be twice as fast or store twice as much information
- Also applies to other technologies, such as disk drive storage and fiber-optic lines
- Impacts inventory value, depreciation accounting, employee training, and other managerial functions
Impact of Technology on Business
- Cheaper, faster chips can lead to increased productivity and lower interest rates
- Can create new industries, business models, and products, while disrupting established ones
- Managers must regularly study trends and trajectory in technology to recognize opportunities and avoid disruption
Tech for the Poor
- Examples of technology benefiting those who may not have been able to afford it in the past:
- One Laptop per Child (OLPC) project
- Cell phones, which have transformed the lives of the world's poorest people
- Mobile banking programs, such as M-PESA, which allow customers to use mobile phones to store cash credits and make payments
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Description
Learn about Moore's Law, its impact on technology, and the price elasticity of faster and cheaper technologies in creating new markets and opportunities.