26 Questions
According to the framework that defines product innovations, when is there a radical innovation?
Architecture Relations are altered, and Knowledge Components are substituted
In the competitive strategy, the question 'Who are our customers?' is connected to which strategic dimension?
Customer intimacy
In the competitive strategy, the question 'What do we offer them?' is connected to which strategic dimension?
Product leadership
In the competitive strategy, the question 'How can we deliver it effectively and efficiently?' is connected to which strategic dimension?
Operational excellence
Which of the following is not a source of strategic innovation?
Technology Push innovation
What happens to the cost per unit of output as the scale of production increases?
It decreases
When was the term 'artificial intelligence' coined by John McCarthy?
1956
What is a characteristic of modern artificial intelligence approaches according to the text?
Machines exhibit intelligence defined by computational resources and learning algorithms
In innovative digital operating models, what does the concept of 'endless users anywhere and anytime' refer to?
The external processes building block
What defines a digital-first product according to the text?
A service which functions are controlled by software
What does the personal level represent in the development of digital-first goods or services?
The ethical boundaries brought by technologies to individuals’ lives
What do network effects contribute to?
Enhancing customer intimacy
What can network effects be?
Both positive and negative
Which of the following does not represent a shift brought forth by platform-based business models?
Shift in data collection
In platform-based business models, what do participants do?
Act as producers as well as consumers
What are high value interactions not built through in platform-based business models?
Attracting attention
Which of the following is an example of a Platform business model?
Data-driven business model
Which operational benefit of the Digital Manufacturing paradigm impacts the ownership strategy?
Reduction in the number of suppliers, in particular, those specialized in the production of complex parts (self-production of components)
What effect does an increase in external collaboration in product design have on the Digital Manufacturing paradigm?
Increase in freedom in product design by fostering individual creativity and the birth of new ideas
Which operational benefit of the Digital Manufacturing paradigm impacts the efficiency strategy?
Reduction in the number of items in stock (elimination of components for products, self-production of some components)
How does the Digital Manufacturing paradigm impact the flexibility strategy?
Increase in freedom in product design by fostering individual creativity and the birth of new ideas
What is a key operational benefit of Digital Manufacturing related to product customization?
Increase in the creation of products with new features
How does an increase in product customization impact the Digital Manufacturing paradigm?
Increase in freedom in product design by fostering individual creativity and the birth of new ideas
Which Operational Benefit of Industrial Cloud Computing impacts the centralization strategy?
Possibility to enable the use of physical infrastructures and software applications everywhere
Which Operational Benefit of Industrial Cloud Computing impacts the simplification strategy?
Possibility to enable the use of physical infrastructures and immediately scalable software applications
Which Operational Benefit of the Simulation paradigm impacts the prediction strategy?
Increase in the information on the residual time of use or storage of component parts also to identify those that can be reused
Test your knowledge on the operational benefits of the Industrial Cloud Computing paradigm. Identify which benefits impact the centralization strategy. Choose the correct options related to physical infrastructures, software applications, process monitoring, and data sharing.
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