Technological Advancements and Digitalisation
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Questions and Answers

What major technological revolution began in 2006?

  • The cloud computing era
  • The digital trust and cyber security movement
  • The AI revolution
  • The rise of modern social media (correct)

Which era of IT infrastructure began in 1983?

  • Personal computer era
  • Cloud and mobile computing era
  • Enterprise computing era
  • Client/server era (correct)

According to Moore's Law, what is predicted to happen every 1-2.5 years?

  • Internet speed will double
  • The cost of computers will decrease by half
  • The number of transistors on a computer chip will double (correct)
  • The number of computer users will double

What term describes the combination of two or more things to form a new entity?

<p>Convergence (D)</p> Signup and view all the answers

Which of the following is NOT a technological trend mentioned?

<p>Sustainable urban development (A)</p> Signup and view all the answers

What is a notable feature of the digital revolution?

<p>Mass production and widespread use of digital technology (B)</p> Signup and view all the answers

Which of the following is associated with the future of mobility?

<p>Self-driving cars (A)</p> Signup and view all the answers

Which area of technology focuses on creating a trustful digital environment?

<p>Digital trust and cyber security (D)</p> Signup and view all the answers

What does Metcalfe's law state about the value of a network?

<p>The value of a network is proportional to the square of the number of connected users. (D)</p> Signup and view all the answers

Which of the following describes a characteristic of digital products?

<p>Borderless and close to zero cost to replicate after production. (D)</p> Signup and view all the answers

How does Moore's law primarily impact technology?

<p>It predicts the growth of the computing chip size and performance. (B)</p> Signup and view all the answers

What is considered the primary goal of management in the 21st century according to Drucker?

<p>Increasing the productivity of knowledge work and knowledge workers. (A)</p> Signup and view all the answers

Which of the following best describes 'creative destruction'?

<p>The continuous revolution of economic structures that destroys old ones to create new ones. (B)</p> Signup and view all the answers

What is a key enabler of socioeconomic progress and development as described?

<p>Information and Communication Technology (ICT). (C)</p> Signup and view all the answers

Which disruptive technology is associated with 3D printing?

<p>Advanced materials. (D)</p> Signup and view all the answers

Which of the following statements about digitalization is true?

<p>Digitalization facilitates mass adoption of connected services by various entities. (C)</p> Signup and view all the answers

What is the main challenge highlighted by Metcalfe's law?

<p>Getting people to use the network effectively. (D)</p> Signup and view all the answers

Which of the following is NOT one of the 12 most impactful disruptive technologies?

<p>Traditional commerce. (C)</p> Signup and view all the answers

Flashcards

Digital Revolution

The shift from traditional, mechanical/analogue technology to digital electronics. It marked the start of the Information Age and led to widespread use of digital logic circuits, computers, cellular phones, and the internet.

Evolution of IT Infrastructure

The development of technology infrastructure over time, starting with mainframe and minicomputers, progressing to personal computers, client-server networks, enterprise computing, and finally cloud and mobile computing.

Convergence in Technology

When two or more technologies come together to create something entirely new. This leads to advancements and a new technology landscape.

Moore's Law

The prediction that the number of transistors on a computer chip doubles approximately every 1-2.5 years, leading to smaller, cheaper, and more powerful processors.

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AI Revolution

The rapid development and deployment of Artificial Intelligence systems, impacting various aspects of life, from automation to data analysis.

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Gen AI

A type of AI that focuses on generating creative output, like text, images, or code.

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Applied AI

AI used to solve real-world problems in specific industries and applications, such as healthcare, finance, or logistics.

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Industrializing Machine Learning

The process of scaling up machine learning models and algorithms to industrial levels, making them efficient and reliable in real-world settings.

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Metcalfe's Law

The value of a network is proportional to the square of the number of connected users. This means the more users there are, the more valuable the network becomes, growing exponentially.

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Moore's Law vs. Metcalfe's Law

Moore's Law focuses on the technological advancements in chip size and processing power, assuring the technology will be there to support network growth. Metcalfe's Law focuses on the social aspect – getting people to use a network is the challenge.

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Digitalization

The widespread adoption of connected digital services by consumers, businesses, and governments. It drives growth and job creation.

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Characteristics of Digital Products

Digital products are expensive to produce but cheap to replicate, have no borders, can't be destroyed, and are public goods.

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ICT and Socioeconomic Progress

Information and Communication Technology (ICT) is a key driver of socioeconomic progress, improving productivity, economic growth, access to markets, and information.

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Drucker's Knowledge Work

Peter Drucker argued that the most important management task is to increase the productivity of knowledge workers by teaching them how to learn continuously.

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Creative Destruction

A process where industries are constantly changing through innovation, with new ideas replacing old ones.

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Disruptive Technologies

Technologies that have the potential to drastically change existing industries, often creating new markets and displacing established players.

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Future-proofing the Organization

Organizations can prepare for the future through digitalization and computerization, adapting to technological advancements and changes in the market.

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Study Notes

Pace of Technological Advancement

  • Modern social media emerged in 2006.
  • Key technological trends include AI revolution, digital future building, next-gen software, digital trust, cloud & edge computing, quantum tech, robotics, mobility, space tech, sustainability, and renewables.

The Digital Journey

  • The digital revolution shifted from mechanical/analog to digital electronics.
  • This marked the start of the Information Age, including computers, cell phones, and the internet.
  • IT infrastructure evolution: mainframes, minicomputers, PCs, client/server, enterprise computing, cloud & mobile computing.

Convergence

  • Convergence is when two or more elements combine to create a new whole.
  • Moore's Law predicts that transistors on computer chips double every 1-2.5 years, leading to smaller/cheaper, faster processors and better networks.
  • Metcalfe's Law states a network's value grows proportionally to the square of the number of connected users.

Digitalisation

  • Digitalization is the widespread adoption of connected digital services by consumers, businesses, and governments.
  • Key characteristics of digital products include high initial production cost but low replication costs, borderless access, non-destructibility, and public goods nature.
  • ICT is a key enabler of socio-economic progress, increasing productivity and economic growth through improved production, market access, and information access, along with social interaction.

Drucker's Perspective

  • Drucker emphasized the importance of knowledge work productivity in the 21st century.
  • Knowledge requires continuous improvement, change, and challenges to remain relevant.

Creative Destruction and Disruptive Technologies

  • Creative destruction is a process where old systems are replaced by new ones.
  • Disruptive technologies include mobile internet, knowledge work automation, IoT, cloud computing, advanced robotics, autonomous vehicles, genomics, 3D printing, advanced materials, advanced oil/gas, and renewable energy.

Future-Proofing Organizations

  • Digitalization and computerization are crucial for future-proofing organizations.

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Week One - Technological Advancement PDF

Description

Explore the rapid pace of technological advancements and the impact of digitalisation in today's society. From the emergence of modern social media to the evolution of IT infrastructure, understand key concepts like convergence, scalability, and future trends in technology. Dive into the Information Age and discover how these elements shape our digital journey.

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