BCA Lecture 2 (1) PDF

Business Computer Applications Lecture 2: Management Information Systems Benjur Emmanuel Borja Items 1. Floppy Disks 2. Pagers 3. Cassette Tapes 4. Fax Machines 5. Film Camera 6. Rolodex 7. Atlas (book) 8. Encyclopedia 9. Yellow Pages 10. Typewriters Items 1...

Business Computer Applications Lecture 2: Management Information Systems Benjur Emmanuel Borja Items 1. Floppy Disks 2. Pagers 3. Cassette Tapes 4. Fax Machines 5. Film Camera 6. Rolodex 7. Atlas (book) 8. Encyclopedia 9. Yellow Pages 10. Typewriters Items 1. Floppy Disks - Storage 2. Pagers - Messaging 3. Cassette Tapes - Music 4. Fax Machines - Mail 5. Film Camera - Photography 6. Rolodex – Contact List 7. Atlas (book) - Mapping 8. Encyclopedia - Information 9. Yellow Pages – Business Advertisements 10. Typewriters - Documentation Items 1. Floppy Disks - Storage 2. Pagers - Messaging 3. Cassette Tapes - Music 4. Fax Machines - Mail 5. Film Camera - Photography 6. Rolodex – Contact List 7. Atlas (book) - Mapping 8. Encyclopedia - Information 9. Yellow Pages – Business Advertisements 10. Typewriters - Documentation Data is the new oil. A STRATEGIC ASSET INSIGHT is the new currency. Data -> Insights? Data -> Insights? Three phenomena that power the fourth industrial revolution and pushing organizations to transform digitally. Why now? 1 DATA EXPLOSION 2 INCREASING STORAGE CAPACITY 3 INCREASING COMPUTING POWER 2,704 INSTALLATIONS 347,222 STORIES 208,000 PARTICIPANTS 404,444 HOURS OF VIDEO Realtime recording 27 November 2020, 2PM Sensors are everywhere collecting and sending data about us, our activities, and our environments. http://emberify.co m/blog/sensors- on-the-millennial/  1.44 MB x 1960’s 1.4 million 80-kB 1970’s 110-kB 1.44 MB 1980’s Increasing Computing Power Cost: $6,000,000 Dimensions: 8 feet high, 3 feet deep, 80 feet long Weight: 30 tons Can execute 5,000 instructions per second Increasing Computing Power Cost: < $1000 Dimensions: 4.7 inches Weight: 4.55 ounces Can execute 25 billion Cost: $6,000,000 Dimensions: 8 feet high, 3 feet deep, 80 feet long Weight: 30 tons instructions per Can execute second 5,000 instructions per second Real Estate Banking and Surveillance Retail and Education Space Exploration Financial Services E-commerce Agribusiness Urban Planning Manufacturing Healthcare Logistics and Transportation Netflix vs Blockbuster Blockbuster is membership-based movie rental company Go in-store to browse and physically borrow physical disks Need to return within a certain period, otherwise incur late fees (sometimes exorbitant) Netflix started as an over the mail DVD rental company Customers pay a fixed subscription fee to request movies through the website Netflix pays for the postage of the disks to customers, no late fees Netflix Online Subscription Service, 2007 First Mover Advantage Netflix Online Subscription Service, 2007 First Mover Advantage “If we had stayed private for another two to four years, not as many people would have understood how big a business this could be” – Netflix Founder and CEO Reed Hastings Once Netflix was a public company, financial disclosure rules forced the firm to reveal that it was on a money-minting growth tear. Once the secret was out, rivals showed up. Netflix Online Subscription Service, 2007 Power of the Long Tail Netflix Online Subscription Service, 2007 Power of the Long Tail (1) selection attracts customers, and (2) the Internet allows large-selection inventory efficiencies that offline firms can’t match. Great Expectations for AI 91% survey respondents expect new business value from AI implementations in the coming five years Artificial Intelligence in Business Gets Real. Sam Ransbotham, Philipp Gerbert, Martin Reeves, David Kiron, and Michael Speera. MIT Sloan Management Review. Research Report (2018). Investments in AI, 2021 99% survey respondents say they’re investing in AI Thank you!