Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Bitcoin isn’t just a currency, like dollars or euros or yen. It’s a way of making payments, like PayPal or the Visa credit card network. Bitcoins can be used to buy merchandise anonymously. Transactions are made with no middle men—meaning no banks, and bitcoins are not tied to any country or subject to regulation! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza, or even manicures. There’s now a Bitcoin ATM in Vancouver and one planned for Hong Kong. It’s not clear whether Bitcoin’s inventor, who disappeared from the Internet in mid-2010, was prophetic enough to imagine what happened last year. The idea was to create a currency whose value couldn’t be watered down by some central authority such as the Federal Reserve. The value of Bitcoin exploded, with the price of an individual coin jumping from $100 in July to $200 in October to more than $1,000 as of May 2014. About five years ago, using the pseudonym Satoshi Nakamoto, an anonymous computer programmer or group of programmers built the Bitcoin software system and released it on the Internet. This was a system that was designed to run across a large network of machines—called Bitcoin miners—and anyone on Earth could operate one of these machines. This distributed software seeded the new currency, creating a small number of Bitcoins. Basically, Bitcoins are just long digital addresses and balances, stored in an online ledger called the blockchain. But the system was also designed so that the currency would slowly expand and encourage people to operate Bitcoin miners to keep the system itself growing. When the system creates new Bitcoins, it gives them to the miners. Miners keep track of all the Bitcoin transactions and add them to the blockchain ledger; in exchange, they get the privilege of, every so often, awarding themselves a few extra Bitcoins. Right now, 25 Bitcoins are paid out to the world’s miners about six times per hour, but that rate changes over time. Why do these Bitcoins have value? It’s pretty simple. They’ve evolved into something that a lot of people want—like a dollar or a yen or the cowry shells swapped for goods on the coast of Africa over 3,000 years ago—and they’re in limited supply. Although the system continues to crank out Bitcoins, this will stop when it reaches 21 million, which was designed to happen in about the year 2140. Bitcoins are stored in a digital wallet, a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods, or save their money. Although each Bitcoin transaction is recorded in a public log, names of buyers and sellers are never revealed— only their wallet IDs. Although that keeps Bitcoin users’ transactions private, it also lets them buy …… Required: 1. Do you consider Bitcoin a form of disruptive or sustaining technology? 2. How can web-based businesses benefit from Bitcoin? 3. Describe the revenue model for how miners receive Bitcoin currency. 4. Why are governments wary of Bitcoin? 5. What are the security issues surrounding Bitcoin?
> What are the different types of outsourcing available for a project?
> Why is gathering business requirements a challenge for most projects?
> Why would a project manager use Gantt and PERT charts?
> Why would a project require an executive sponsor?
> Why would a company want to implement an employee relationship management system?
> How can a company use partner relationship management to create a successful business?
> How can a marketing department use CRM to improve operations?
> What is a paradigm shift and what is its relation to ebusiness?
> Sales departments can use customer service and support, sales force automation, contact management CRM, and opportunity management CRM.
> What is the difference between operational and analytical CRM?
> What role does the project manager play in determining a project’s success?
> Do you agree that every business needs to focus on customers to survive?
> Why are customer relationships important to an organization? Do you agree that every business needs to focus on customers to survive in the information age?
> What are the five types of AI systems? What applications of AI offer the greatest business value?
> What is artificial intelligence?
> What are the common DSS analysis techniques?
> Slack’s business model is simple: Be Less Busy. It’s hard to imagine any busy professional not coveting those simple words. Slack’s promise is to make business professionals more productive by eliminating meetings and emails. Can you imagine a life witho
> Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Bitcoin isn’t just a currency, like dollars or euros or yen. It’s a way of making payments, like PayPal or the Visa credit card network. Bitcoins ca
> What is the difference between ebusiness and ecommerce?
> Slack’s business model is simple: Be Less Busy. It’s hard to imagine any busy professional not coveting those simple words. Slack’s promise is to make business professionals more productive by eliminating meetings and emails. Can you imagine a life witho
> Have you ever seen the movie Terminator in which machines take over the world? Do you think that scenario could ever come true? Researching the Internet of Things makes you wonder if robots can gain self-consciousness, making the possibility of them taki
> Have you ever seen the movie Terminator in which machines take over the world? Do you think that scenario could ever come true? Researching the Internet of Things makes you wonder if robots can gain self-consciousness, making the possibility of them taki
> It is a dream come true when you can make an incredible salary doing what you love, and that is exactly what is happening in the gaming industry. To the gamer’s delight, profitable careers can be found for people with design, development, and programming
> Explain the four primary traits that determine the value of information.
> Describe Web 3.0 and the next generation of online business.
> Explain the three challenges associated with Business 2.0.
> Describe the three Business 2.0 tools for collaborating.
> Explain how Business 2.0 is helping communities network and collaborate.
> Explain Web 2.0, and identify its four characteristics.
> What is the different between sustaining and disruptive technology?
> Identify the three current trends extending customer relationship management.
> Differentiate operational and analytical customer relationship management.
> Describe customer relationship management along with its importance to a business.
> Describe artificial intelligence and identify its five main types.
> Classify the different operational support systems, managerial support systems, and strategic support systems, and explain how managers can use these systems to make decisions and gain competitive advantages.
> Explain the importance of decision making for managers at each of the three primary organization levels along with the associated decision characteristics.
> Identify the three different types of outsourcing along with their benefits and challenges.
> Identify the primary project planning diagrams.
> Explain project management and identify the primary reasons projects fail.
> Explain the different wireless network business applications.
> Why would a business be data rich and information poor?
> Describe the different wireless network categories.
> Explain why an organization would want to integrate its databases.
> Explain the business benefits of a data-driven website.
> Identify the business advantages of a relational database.
> Describe a database, a database management system, and the relational database model.
> June is the perfect time of year to reflect on the current state of all the key projects that were approved in January. At this stage, you and your management team should have enough data to know if each initiative will successfully meet its objectives.
> Ray Markovich started driving a taxi in Chicago three years ago after shutting his struggling wireless phone store. Driving a cab wasn’t particularly gratifying or lucrative—he had to pay $400 a week just to lease his white 2011 Ford Escape. It was predi
> The number one reason projects fail is bad business requirements. Business requirements are considered “bad” because of ambiguity or insufficient involvement of end users during analysis and design. A requirement is unambiguous if it has the same interpr
> One good way to learn how to develop successful systems is to review past failures. One of the most infamous system failures is Denver International Airport’s (DIA) baggage system. When the automated baggage system design for DIA was introduced, it was h
> Why would a marketing department want a data mart instead of just accessing the entire data warehouse?
> The Walt Disney Company offers a MagicBand to all customers vising their parks. The MagicBand is a wristband with an RFID chip that transmits over 40 feet to track real-time information on customer locations throughout its park. The magic of this data is
> Stars Inc. is a large clothing corporation that specializes in reselling clothes worn by celebrities. The company’s four websites generate 75 percent of its sales. The remaining 25 percent of sales occur directly through the company&aci
> What does a classroom look like in 2030? Can you imagine a beautiful steel robot flying around your classroom helping to answer questions and ensure you understand the material? A telepresence robot is a remote-controlled, wheeled device with a display t
> Virtual reality is the use of computer technology to create a simulated environment. Unlike traditional user interfaces, VR places the user inside an experience. Instead of viewing a screen in front of them, users are immersed and able to interact with 3
> In his presidential inauguration speech, President Barack Obama spoke a word rarely expressed— data—referencing indicators of economic and other crises. It is not surprising that the word data was spoken in his inauguration speech because capturing and a
> Imagine working 10 years to become the lead marketing executive at a large retail organization only to find that your competitor is invading your market share by 20 percent each year. You quickly decided to launch several online marketing promotions whil
> Imagine working 10 years to become the lead marketing executive at a large retail organization only to find that your competitor is invading your market share by 20 percent each year. You quickly decided to launch several online marketing promotions whil
> Imagine working 10 years to become the lead marketing executive at a large retail organization only to find that your competitor is invading your market share by 20 percent each year. You quickly decided to launch several online marketing promotions whil
> Which project management methodology would you choose to run your systems development project?
> Why is loose coupling and interoperability important to SOA?
> What is the difference between business intelligence and data?
> What is a service?
> What is a service-oriented architecture?
> What is the scrum methodology?
> How many gates are included in the RUP methodology?
> What do rapid application development, extreme programming, and the rational unified process all have in common?
> If you started on a new software development project and the project plan was using the waterfall methodology, would you remain on the project? Why or why not? What could you do to prepare your project better for success?
> It is a dream come true when you can make an incredible salary doing what you love, and that is exactly what is happening in the gaming industry. To the gamer’s delight, profitable careers can be found for people with design, development, and programming
> Summarize the different software development methodologies.
> Explain why a company would implement a service-oriented architecture.
> Scratch is a visual programming language that is perfect for anyone learning to code. Scratch creates programs by connecting blocks of code by using a drag-and-drop GUI so users do not have to type programming languages. Users can simply select colored b
> Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Bitcoin isn’t just a currency, like dollars or euros or yen. It’s a way of making payments, like PayPal or the Visa credit card network. Bitcoins ca
> Compare Porter’s three generic strategies.
> Explain systems thinking and how management information systems enable business communications.
> Describe the information age and the differences between data, information, business intelligence, and knowledge.
> Summarize the importance of enterprise resource planning systems.
> Explain customer relationship management systems and how they can help organizations understand their customers.
> Explain supply chain management and its role in business.
> Identify how an organization can use business process reengineering to improve its business.
> Describe Porter’s Five Forces Model and explain each of the five forces.
> Explain why competitive advantages are temporary along with the four key areas of a SWOT analysis.
> Demonstrate how a company can add value by using Porter’s value chain analysis.
> Slack’s business model is simple: Be Less Busy. It’s hard to imagine any busy professional not coveting those simple words. Slack’s promise is to make business professionals more productive by eliminating meetings and emails. Can you imagine a life witho
> What are the phases in the systems development life cycle?
> What is the systems development life cycle?
> What is the purpose of the balanced scorecard?
> How can metrics be used to measure the success of supply chain management systems and CRM systems?
> What is the difference between CSFs and KPIs?
> What is the difference between MIS efficiency metrics and MIS effectiveness metrics?
> Why would a company want to have a CIO, CPO, and CSO?
> What are the responsibility of a chief data officer?
> What are the responsibility of a chief privacy officer?
> What are the responsibility of a chief information officer?
> Describe information security and the difference between hackers and viruses.
> Why should end users be involved in the systems development effort?
> What are the different types of system implementation methods?
> What are the different types of system testing?
> Which phase in the systems development life cycle contains the most risk? Be sure to explain your answer.
> If you had to skip a phase during the development of a system, which phase would it be and why?
