Exam 2 - Jack Pelikan

Social Dilemma film clip and its central message

"If you are not paying for the product, you are the product"

4 phases of Deep Learning

1. Collect Training Data 2. Analyze and Segment 3. Setup and Train a neural Network 4. Test and deploy.

How Zoom was able to take over the internet calling industry

1. They offered a better product ( bc the founder came from a competitor in WebEx (i.e Cisco) left and brougth 40 of the best engineers with him to found zoom) 2. No log in required for zoom 3. Free services/accounts 4. workd well for everyone. businesses, schools etc.

factors that determine shipping methods/locations

1. where is the inventory that was ordered located 2. what freight methods are currently available. 3. what is the cost of each one of those.

Blockchain

A decentralized public ledger that is highly resilient against tampering, as transactions are added in blocks, serving as proof of all transactions ever made.

Wikis

A website that can be modified by anyone, from directly within aWeb browser (provided that the user is granted edit access)

Key advantages of Wikis

All changes are attributed, A complete revision history, Automatic notification and monitoring of updates, All pages in a wiki are searchable

cross-side exchange benefit

An increase in the number of users on one side of the market, creating a rise in the other side.

Social networks

An online community that allows users to establish apersonal profile and communicate with others. Large public social networksinclude Facebook, LinkedIn, Google+, and Pinterest.

social media examples

Blogs, microblogs, wikis, social networks, and crowdsourcing

Moore's Law

Chip performance per dollar doubles every eighteen months

technological leapfrogging

Competing by offering a new technology that is so superior to existing offerings that the value overcomes the total resistance that older technologies might enjoy via exchange, switching cost, and complementary benefits.(Ex: 1.5 billion people have an Apple iPhone)

Key advantages of social networks

Detailed personal profiles, Affiliations with groups, Private messaging and public discussions, Media sharing (text, photos, video), Discovery-fueling feeds of recent activity among members.

3 main sources of value for network effects

Exchange, complementary benefits, staying power

GPT

Generative Pre-trained Transformer

The Three types of Quantum computing are

Grid computing, Supercomputers, and Virtualization

Blogs Advantages

Immediate and unfiltered publication, Ease of use, Comment threads, Reverse chronology, Persistence, Searchability, Tags, Trackbacks.

wikimasters

Individuals often employed by organizations to review community content in order to delete excessive posts, move commentary to the best location, and edit as necessary.

Amazon's Wheel of Growth

Large selection, customer experience, and lower prices are three pillars of:

One-sided Market

Market that derives most of its value from a single class of users. (EX. market makers offer an IPO)

Outputs

Monitors and printers

Inputs of a computer

Mouse, keyboard, microphones.

Effective strategies for competing in markets w/network effects

Move early, Subsidize product adoption, Leverage viral promotion, Establish distribution channels, Seed the market with complements, Encourage the development of complementary goods, Maintain backward compatibility

Grid computing

Multiple computers that are connected via software so that they can work together in unison to solve a complex issue.

Narrow AI vs. General AI

Narrow AI is specific to just one purpose. General AI is meant to function like a human brain (Chat GPT)

two-sided market

Network markets comprised of two distinct categories of participant. Both need to deliver value for the network to function. (EX. social media platforms, job boards, health platforms, etc.)

Blogs

Online journal entries, are usually made in reverse chronological order. Blogs typically provide comment mechanisms where users can post feedback for authors and readers.

Amazon's 3 pillars

Price: they are able to offer the lowest price because they have the best bargaining power. Selection: they have the most suppliers. Customer experience: they do more than just sell you products.

Platform definition and examples

Products and services that allow for the development and integration of software products and other complementary goods, effectively creating an ecosystem of value-added offerings. a product to launch other products. Ex: Microsoft Windows, apple ios sit on top of that, Facebook or Roblox.

Difference between RAM and ROM

RAM is volatile, ROM is non-volatile. RAM is read/write, ROM is read only. RAM is big and ROM is small. RAM is fast and ROM is slow

SOC Audits/Reports for third-party service providers (e.g. AWS)

SOC reports are basically third-party delivered order reports for these third-party service providers. AWS hires one auditor (EY) that provide a report that says yes, they have all these security controls in place.

Moore''s Law challenges/limitations

Size, heat and power

Components of a good social media management program

Team, policies, monitoring solutions

Amazon antitrust lawsuit

The Federal Trade Commission is suing Amazon over anti-competitive practices. (This is for Amazon retail platform not AWS)

roll back

The ability to revert a wiki page to a prior version. This is useful for restoring earlier work in the event of a posting error, inaccuracy, or vandalism.

Amazon's shipping algorithm

The algorithm is trying to come up with the shipping method that's going to be the most expensive that is still within their promised delivery window

Cash Conversion Cycle (equation)

The average number of days that you are collecting goods or collecting cash for goods MINUS the number of days you are paying your suppliers.

Deep Learning vs Machine Learning

They both gather data to predict the future but the main difference is deep learning can learn on its own. it doesn't require human involvement(Ex: Chat GPT)

How do firms monitor and manage disruptive innovation?

They engage with outside experts like venture capitalists, academics or scientists.

Neutral point of view definition

This is Wikipedia's core tenet, and it says that they should present the information and facts objectively without any editorial or opinion or bias and let the reader come to that conclusion.

What did Moore's Law enable

Use Cloud computing for cheap, created the internet of things

Magic Bands

Was essentially an internet of things wristband that you could put your credit card information on.

Python use cases

Web application development, Machine learning and AI, Data Science and analysis, Application programing interfaces

cryptocurrency

a digital or virtual currency that uses cryptography for security. It is one of many applications of blockchain.

Amazon's long-term planning horizon and early financial performance.

amazon has a 7 year horizon which means they delayed profits for 7 years. They were investing in growth

Why do firms fail to manage disruptive innovations?

because they focus on short-term financial performance over long-term strategic investments.

same-side exchange benefits

benefits derived by interaction among members of a single class of participant

Microblogs (Twitter)

blogs with strict post length limits

E-waste

discarded electronic equipment such as computers, cell phones, television sets, etc.

crowdsourcing

he act of taking a job traditionally performed by a designated agent (usually an employee) and outsourcing it to an undefined, generally large group of people in the form of an open call.

What is Python

is an interpreted, object-oriented, high-level programming language. Free, open-source language supported by over 15M developers worldwide. Developed in 1991 by Dutch Programer Guido van Rossum

Supercomputer

is one computer with a tons of CPU cords and capabilities which are expensive

Virtualization

is using one computer to function like several

Amazon warehousing process

key tasks that are automated (does high volume and low complexity things) : picks, label printing, and movement of goods on the conveyor belts. Humans were doing (manual): they were doing the error correction or judgemental subjective tasks.

3 requirements of writing a good AI chat prompt

role, context, and question/task

Quantum computing

the potential way to overcome the obstacles of Moore's Law