CIS Final

_____ allows a firm to consistently outperform its competitors.

Sustainable competetive advantage

_____ is a slow, reflective type of decision making. We tend to use models and prototypes to help us avoid cognitive biases during this type of decision making.

System 2

_____ is the set of activities that a company performs to produce value.

Value Chain

The rise of open source software has lowered computing costs for start-up and blue chip companies worldwide.

True

_____ is an imitation of the operation of a real-world process or system.

A simulation

______________ is an unambiguous specification of how to solve a class of problems.

An algorithm

________ is a cognitive bias where an individual relies too heavily on an initial piece of information while making decisions.

Anchoring

This term refers to intelligence as demonstrated by machines, in contrast to the natural intelligence displayed by humans and other animals.

Artificial intelligence

It is a term used to refer to data sets that are too large or complex for traditional data-processing application software to adequately deal with:

Big data

Systems that think like humans are called ____. Systems that support humans without understanding human reasoning are called _____.

Cognitive Computing; Machine Learning

_____ are rules of thumb to make decisions.

Heuristics

_____ is a cognitive bias that describes the tendency to ignore negative information

Ostrich Effect

A system or object which can be viewed in terms of its inputs and outputs (or transfer characteristics), without having any knowledge of its internal workings is called a:

black box

As __________ gets both faster and cheaper, it gets "baked into" all sorts of products and shows up everywhere.

computing

Technology can play a key role in creating and reinforcing assets for sustainable advantage by ________.

creating a network effect collecting useful data and establishing switching costs creating or enhancing a firm's scale advantage