chapter 1 - managing in the digital world
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Chapter 1 - Managing in the Digital World. Managers are facing unique challenges as Digital Technologies permeate the workplace. Key Terms for Quiz 1. - PowerPoint PPT PresentationTRANSCRIPT
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Managers are facing unique challenges as Digital Technologies
permeate the workplace
Chapter 1 - Managing in the Digital World
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Key Terms for Quiz 1
Knowledge workers, globalization, outsourcing, downsizing, off-shoring, cultural & geo-economic challenges, cloud computing, data, information &decision-making, system integration.
IS personnel, collaborative systems, GIS, supply chain management, ERP system, TPS, intelligent system, Online Analytical Processing (OLAP), data mining, DSS, computer ethics, digital divide
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Information is a Valuable Resource
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Data, Information & Decision-making –> the Knowledge Worker
• Data is analyzed and processed into information
• When there is an ability to understand the information and make decisions using it, it becomes knowledge
• Discuss Amazon data mining
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Five IT Megatrends in the Information Age
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Challenges of Operating in the Digital World
• Government– Political instability– Regulatory: privacy, control, standards, censorship
• Geopolitical– Time zones, infrastructure – Workforce: welfare, demographics, expertise
• Cultural– Working with, providing services too
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Opportunities of Operating in the Digital World
• Accessing a Global Labor Pool – Downsizing & Off-shoring– Highly skilled or low cost labor pools exist in many countries
which are now economically accessible• Reaching Global Markets• Falling Transportation Costs
– Shipping a bottle of wine from Australia to Europe merely costs a few cents
• Falling Telecommunication Costs– These have helped create shared perspectives of behavior,
desirable goods, and even forms of government
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The Rise of Information Systems Outsourcing
• Outsourcing: moving of business processes or tasks to another company– Facilitated by declining telecommunication costs– Driven by cost reduction• Reduced labor costs for low-skilled labor: Apple
outsourcing manufacturing to China• Reduced labor costs for relatively high-skilled labor:
Boeing outsourcing 787 Aeronautical Engineering to Russia
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Types of Info Systems Used in Organizations
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People: The Builders, Managers, and Users of Information Systems
• An ecosystem of Users, Builders, Managers, and those who study information systems
• As the use of information systems grows, so does the need for dedicated IS professionals
• Growing demand focused on those with advanced and/or unique skills
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IS Positions Rank Among the Best Jobs in America
Rank Career Job Growth (10-year forecast) Median Pay
1 Software developer 32% $82,400
2 Physical therapist 30% $75,900
3 Financial adviser 30% $93,900
4 Civil engineer 24% $74,700
5 Marketing specialist 28% $52,200
6 Management consultant 24% $111,000
7 IT consultant 20% $96,500
8 Database administrator 20% $86,600
9 Financial analyst 20% $62,600
10 Environmental engineer 31% $81,200
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Cloud Computing
• By 2020, all sorts of our communications-related information could come to be stored in the cloud
• This information could be analyzed– Helping know where friends and family are– Knowing how and when to reach them
• The cloud could wind up knowing more about our lives then we do
• Still, the benefits could be amazing
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Computer Ethics
• Privacy: What information should you have to reveal online or in the workplace?
• Accuracy: Is the data regarding individuals accurate? Can individuals access their data and verify the accuracy thereof? What are the impacts of inaccuracies?
• Property: Company owns the data/databases they keep on individuals, and can sell the information as long as it doesn’t violate stated privacy policies when gathering it.
• Accessibility: This circles back to the Digital Divide. Who has access to information, and the skills to leverage it?
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The Digital Divide
• Many people are being left behind in the information age– Strong linkage between computer literacy and a
person’s ability to compete in the information age– People in rural communities, the elderly, people
with disabilities, and minorities lag behind national averages for Internet access and computer literacy
– The challenges in overcoming the digital divide are even greater in developing countries