Technology Overview and IoT Ecosystem
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Questions and Answers

What is technology primarily defined as?

  • A collection of electronic devices
  • The application of scientific knowledge for practical purposes (correct)
  • The field of computer science and programming
  • The study of scientific phenomena
  • Which of the following layers is part of the Internet of Things (IoT) Ecosystem?

  • User Interface Layer
  • Application Layer (correct)
  • Security Layer
  • Data Collection Layer
  • What is the main goal of Business Process Automation (BPA)?

  • To eliminate the use of technology in processes
  • To increase manual labor in business tasks
  • To reduce costs and enhance productivity (correct)
  • To complicate workflow efficiency
  • Which component of the IoT Ecosystem is responsible for transmitting data collected by the physical layer?

    <p>Network Layer</p> Signup and view all the answers

    Which of the following accurately defines an IoT device?

    <p>A standalone Internet-connected device that can be monitored or controlled remotely</p> Signup and view all the answers

    Which layer of the IoT Ecosystem contains sensors and networking gear?

    <p>Physical Layer</p> Signup and view all the answers

    What is a key outcome often associated with the implementation of an Enterprise Resource Planning (ERP) system?

    <p>Implementation of Business Process Automation (BPA)</p> Signup and view all the answers

    What role does analytics play in the IoT Ecosystem?

    <p>It analyzes the data generated by IoT devices</p> Signup and view all the answers

    What is the primary purpose of an Enterprise Resource Planning (ERP) system?

    <p>To integrate and coordinate data across the entire enterprise</p> Signup and view all the answers

    What does the term 'legacy systems' refer to in the context of ERP?

    <p>Older, standalone systems serving specific business areas</p> Signup and view all the answers

    Why did organizations begin to adopt ERP systems in the late 20th century?

    <p>To improve data visibility and streamline core business processes</p> Signup and view all the answers

    Which feature is NOT typically associated with modern ERP systems?

    <p>Manual data entry processes</p> Signup and view all the answers

    What was a significant evolution in the development of ERP systems in the 1980s?

    <p>The development of MRP II with integrated core components</p> Signup and view all the answers

    What is one reason a company might decide to implement an ERP system?

    <p>To manage increasing numbers of users and transactions efficiently</p> Signup and view all the answers

    What trend has influenced the costs associated with implementing ERP systems in recent years?

    <p>Rising costs of hardware, software, and additional services</p> Signup and view all the answers

    How does ERP technology help with compliance for businesses?

    <p>It automates reports and documentation to meet standards</p> Signup and view all the answers

    What aspect of an enterprise does ERP NOT fundamentally change?

    <p>The products offered by the enterprise</p> Signup and view all the answers

    Which of the following is a characteristic of ERP systems?

    <p>They support a real-time enterprise model</p> Signup and view all the answers

    Study Notes

    Technology Overview

    • Technology applies scientific knowledge for practical purposes, particularly in industry.
    • It encompasses machines (like computers), techniques, processes, and programs.
    • Technology is pervasive, present in homes, industries, businesses, and healthcare.

    Information Technology (IT)

    • IT studies and uses computer systems for information storage, retrieval, and transmission.

    Internet of Things (IoT)

    • IoT connects devices (computers, smartphones, appliances) to the internet.
    • An IoT device is a standalone internet-connected device, remotely monitored and controlled.
    • An IoT ecosystem is a complex network enabling connections between entities, IoT devices, and supporting systems.

    IoT Ecosystem Components

    • Entity: Businesses, governments, consumers who interact with IoT devices.
    • Physical Layer: Hardware, including sensors and networking equipment, that comprise the IoT device.
    • Network Layer: Internet communication layer that transmits data from the physical layer.
    • Application Layer: Protocols and interfaces for device identification and communication.
    • Remotes: Tools enabling user interaction and control over IoT devices.
    • Dashboard: Displays IoT ecosystem information, often displayed via a remote.
    • Analytics: Software analyzing data generated by IoT devices.
    • Data Storage: Where data from IoT devices is stored.

    Business Process Automation (BPA)

    • BPA manages data, information, and processes to reduce costs and resource investment.
    • BPA increases productivity via automating key business processes using computing technology.
    • BPA often involves implementing software applications for automating routine tasks and improving workflow efficiency within a company.
    • Enterprise resource planning (ERP) systems typically emerge from successful BPA implementations.

    Enterprise Resource Planning (ERP)

    • ERP is a business system and software package integrating data across an organization into a single system.
    • ERP streamlines operations by unifying previously distinct processes often supported by separate legacy systems.
    • Legacy systems are outdated, standalone systems designed for specific business functions.

    ERP History and Evolution

    • The Economic Order Quantity (EOQ) model (1913) was a precursor to modern ERP systems.
    • Material Requirements Planning (MRP) (1964) was a software-based integrated system for improved productivity, influenced by and building on prior concepts.
    • MRP II (1983) incorporated more business functions beyond manufacturing, along with purchasing, scheduling, and contract management.
    • Gartner, Inc, formalized the ERP concept (1990).
    • ERP adoption intensified throughout the 1990s and early 2000s to streamline operations.
    • Modern ERP systems evolved embracing the internet, cloud services, and features such as PLM, SCM, and CRM.
    • Software-as-a-service (SaaS) is used for cloud-based ERP, lowering operational and capital expenses by adopting a subscription model with software housed on external servers.

    Characteristics of ERP

    • Makes an enterprise data driven.
    • Fundamentally process oriented.
    • Enables real-time operations.
    • Elevates IT as a part of wider business strategy.
    • Operates as a mass-user application.

    When a Company Needs ERP

    • Growth: Existing systems may struggle with rising user and transaction counts. ERP enables scalability and standardized processes for sustained growth.
    • Multiple Systems: Running multiple systems can create confusion and inefficient workflows. ERP provides a consolidated platform for streamlined processes.
    • Compliance: ERP can ease conformity with evolving government regulations and supply chain mandates via reporting and documentation.

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    Description

    Explore the fundamentals of technology and its applications in various sectors. This quiz also focuses on the Internet of Things (IoT), its components, and how they connect and communicate within an ecosystem. Test your knowledge on the integration of devices in modern technology.

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