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X201 Lecture
N/A
113
Business
Undergraduate 2
02/20/2009

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Term
backbone
Definition
collection of high-speed telecommunications lines that are connected by high-speed computers
Term
bandwitdth
Definition
the capacity or speed of data transfer of the telecommunication lines
Term
bits
Definition
the digital 1s or 0s
Term
digital switch
Definition
connects each backbone line to another
Term
routers
Definition
switches that decide on which direction to pass traffic
Term
traffic
Definition
a request to a remote computer and a response from that computer if info is available
Term
ISP
Definition
Internet service provider
Term
point of presence (POP)
Definition
a point of access tot he network and consists of a switch that knows how to route traffic to the end users
Term
firewall
Definition
specialized hardware and software that provides protection from outside users
Term
World Wide Web
Definition
collection of computers on the internet that support a certain hypertext function
Term
hypertext
Definition
does not follow a linear path from top to bottom
Term
content
Definition
pages of a webstie
Term
E-mail
Definition
allows user to send text message and have it stored for delivery at the recipient's host
Term
file transfer protocol
Definition
send or retrieve file from remote host
Term
telnet
Definition
allowed users to in to a remote host and perform functions on the remote computer as if the user were connected to the host on-site
Term
HTML
Definition
HyperText Markup Language creates links to different computers and displays images associated with files
Term
portals
Definition
entry and focal sites for consumers and businesses
Term
Users
Definition
companies that use the internet intensively in the core of their business
Term
E-commerce
Definition
companies exchange real products for real money through online channels
Term
m-commerce
Definition
Mobile commerce, e-commerce over wireless channels
Term
Content Aggregators
Definition
business revolves around intensive use of the internet, AOL Yahoo
Term
Market Makers
Definition
neutral intermediary that provides a place to trade and set rules for the market, runs electronic market ex. Ebay Priceline
Term
Brokers/Agents
Definition
brokerages, banks, travel agents,
Term
Internet Services
Definition
consulting, outsourcing, website design, electronic data interchange, firewalls, data storage backup
Term
Backbone service Providers
Definition
companies that maintain their own backbone lines
Term
Internet Service Providers
Definition
ISP, delivers access to consumers and small-medium organizations
Term
Last Mile providers
Definition
develop, maintain, and provide the physical connection to consumers
Term
Backbone operators
Definition
companies that run the backbone and are able to handle large volume of traffic
Term
Content Creators
Definition
the developers and owners of intellectual capital, they produce music, games, graphics, video, and text. Disney and AOL
Term
eyeballs
Definition
number of unique viewers
Term
Application Service provider
Definition
ASP, "app-on-tap" centralized repository for software apps which individuals can borrow or rent to run on their own desktop
Term
thin client
Definition
when the apps no longer reside on the end-users system
Term
mediating technology
Definition
interconnects parties that are interdependent
Term
Universality of the Internet
Definition
the internet's ability to both enlarge and shrink the world
Term
network externalities
Definition
when a technology becomes more valuable to users as more people take advantage of it
Term
Metcalfe's law
Definition
the of a network increases as the square of the # of people in the network N^2
Term
replacement effect
Definition
when the internet replaces the old distribution channel without bringing in new customers
Term
distribution channel
Definition
how a product is distributed to customers
Term
extension effect
Definition
when a new distribution channel brings new customers
Term
time moderation
Definition
ability to shrink and enlarge time
Term
information asymmetry
Definition
when one party to a transaction has information that another party doesn't
Term
infinite virtual capacity
Definition
feeling users get from internet since the technology is so advanced
Term
moore's law
Definition
every 18 months processing power will double at about the same cost
Term
transaction costs
Definition
the costs of searching for sellers and buyers, collecting information on products, negotiating contracts, etc.
Term
5-C's
Definition
coordination, commerce, community, content, communication
Term
coordination
Definition
ensuring that each of the subtasks is performed, that information is passed, that resources are available
Term
commerce
Definition
purchasing and selling goods
Term
vertical hubs
Definition
focus on an industry or market and provids content that is specific to the industry's value system
Term
functional hubs
Definition
provide the same function for different industries
Term
community
Definition
groups with like interests that can congregate online through chat rooms and message boards
Term
content
Definition
the info, entertainment, and products that are delivered over the internet
Term
explicit knowledge
Definition
knowledge that is codified, in writing, or can be transmitted over the internet
Term
tacit knowledge
Definition
uncoded and nonverbalized knowledge
Term
bounded rationality
Definition
Term
Model
Definition
a simplified representation or abstraction of reality
Term
online transaction processing
Definition
the capturing of transaction and event information using technology
Term
transaction processing system
Definition
the basic business system that serves the operational level in an organization
Term
online analytical processing
Definition
the manipulation of information to create business intelligence in support of strategic decision making
Term
decision support system
Definition
models info to support managers and business pros during the decision making process
Term
sensitivity analysis
Definition
the study of the impact that changes in one or more parts of the model have on other parts of the model
Term
what if analysis
Definition
checks the impact of a change in an assumption on the proposed solution
Term
goal seeking analysis
Definition
finds the inputs necessary to achieve a goal
Term
executive information system
Definition
a specialized DSS that supports senior level execs
Term
consolidation
Definition
involves the aggregation of info and features simple rollups to complex groupings of interrelated info
Term
drill down
Definition
enables users to get details of info
Term
slice and dice
Definition
the ability to look at info from different perspectives
Term
digital dashboards
Definition
integrate info from multiple components and tailor the info to individual preferences
Term
market pulse
Definition
examples include daily sales numbers, market share, subscriber turnover
Term
intelligent systems
Definition
various commercial applications of AI
Term
artificial intelligence
Definition
simulates human intelligence such as ability to reason and learn
Term
expert systems
Definition
computerized advisory programs that imitate the reasoning processes of experts in solving difficult problems
Term
neural network
Definition
category of AI that attempts to emulate the way the human brain works
Term
fuzzy logic
Definition
mathematical method of handling imprecise or subjective info
Term
genetic algorithms
Definition
an AI system that mimics the evolutionary, survival of the fittest process to generate increasingly better solutions
Term
intelligent agent
Definition
special purpose knowledge based info system that accomplishes specific tasks on behalf of its users
Term
shopping bot
Definition
software that will search several retailer sites and compare price and availability
Term
cluster analysis
Definition
a technique used to divide an information ste into mutually exclusive groups such that a members of each group are as close together and different groups far
Term
association detection
Definition
reveals the degree to which variables are related and nature and frequency of these relationships in the info
Term
market basket analysis
Definition
analyzes such items as web sites and checkout scanner info to detect customers' buying behavior
Term
forecasts
Definition
predictions made on the basis of time series information
Term
time series information
Definition
time-stamped info collected at a particular frequency
Term
supply chain
Definition
all parties invovled in the procurement of a product or raw material
Term
supply chain management
Definition
management of info flows between and among stages in a supply chain to max total supply chain effectivness
Term
supply chain visibility
Definition
the ability to view all areas up and down supply chain
Term
bullwhip effect
Definition
occurs when distorted product demand information passes from one entity to the next throughout the supply chain
Term
demand planning software
Definition
generates demand forecasts using statistical tools and forecasting techniques
Term
supply chain planning software
Definition
uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain while reducing inventory
Term
supply chain execution software
Definition
automates the different steps and stages of teh supply chain
Term
operational CRM
Definition
supports traditional transactional processing for day-to-day front office operations or systems that deal directly with customers
Term
analytical CRM
Definition
supports back office operations and strategic analysis and includes all systems that don't deal directly with customers
Term
personalization
Definition
when a web site can know enough about a person's likes and dislikes that it can fashion offers that are more likely to appeal to that person
Term
Enterprise Resource Planning
Definition
serve as the organization's backbone in providing fundamental decision making support
Term
middleware
Definition
type of software that sit in the middle of and provide connectivity between disparate systems
Term
enterprise application integration middleware
Definition
new approach to middleware by packaging together commonly used functionality
Term
flexible
Definition
an ERP system should be flecible in order to respond to the changing needs of an enterprise
Term
modular and open
Definition
an ERP system must have an opne system so that any module can be interfaced with or detached whenever required without affecting other modules
Term
comprehensive
Definition
an ERP system should be able to support a variety of organizational functions and must be suitable for a wide range of business organizations
Term
beyond the company
Definition
an ERP system must not be confined to organizational boundaries but rather support online connectivity
Term
digital darwinism
Definition
implies that organizations that cannot adapt to the new demands placed on them for surviving in the info age are doomed for extinction
Term
disruptive technology
Definition
a new way of doing things that initially does not meet the needs of existing customers (open new markets& destroy old)
Term
sustaining technology
Definition
produces an improved product customers are eager to buy
Term
protocols
Definition
the standards that specify the format of data as well as the rules to be followed during transmission
Term
digital divide
Definition
when those with access to technology have a great advantage over those who don't
Term
Web 2.0
Definition
set of economic, social, and technology trends that collectively form the basis for the next generation of the Internet
Term
semantic Web
Definition
an evolving extension of the WWW in which web content can be expressed not only in natural language but also a format that can be read by software agents
Term
service-oriented architecture
Definition
a collection of services that communicate with each other
Term
E-commerce
Definition
the buying and selling of goods and servies over the internet
Term
E-business
Definition
the conducting of business on the internet, not only buying and selling, but serving customers and collaborating with business partners
Term
e-business model
Definition
an approach to conducting electronic business on the internet
Term
e-marketplaces
Definition
interactive business communities providing a central market space where multiple buyers and sellers engage in e-business activiteies
Term
e-shop/e-store/e-tailor
Definition
version of a retail store where customers can shop at any hour of the day
Term
web mashup
Definition
a website that uses content from more than one source to create a completely new service
Term
application programming interface
Definition
a set of routines, protocols, and tools for building applications
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