Chapter 1:

MIS will teach you: 

-How technology technology fundamentally changes business. 

-Why executives try to find ways to use new technology a sustainable competitive advantage. 

-Assess, evaluate, apply emerging information technology to business.

-Help you to attain knowledge needed by future business professionals.

*The goal of of MIS- To Achieve business strategies.

The Key elements:

Management and use

Information systems

Strategies

*Bell’s Law- A new class of computers/technology forms roughly 10 years.

- Today’s highly successful business could be bankrupt quickly because technology changed and it didn’t. 

Technology is constantly changing and it is important i our society today. The constant changing of people and ideas are what fuels MIS and the industries that come. Our ideas our revolutionary and humans are constantly in motion which is why it’s important for MIS to evolve as we evolve. It is the information age. With MIS we now are able to discover new passageways and short cuts to information and create products that help us learn more about each other and what we as people could do working with different sources of information. 

During this digital revolution for example with google glasses, companies have stemmed to even greater technological ideas that are even more technologically sound than former ideas. The Apple Watch was created as a way to stem from from not just a watch thats digital, but to a digital watch thats also a phone. The new self-driving cars are just a test, but it has qualified to keep the mystery going of whether or not it can be used in the future. 

Notes: *Moore’s Law: Computers are getting exponentially faster. Th cost of the data is approaching zero. 

*Metcalfe’s Law- More digital devices are connected together. The value of the digital and social networks is increasing exponentially. Network speed is increasing exponentially. 

*Nielsen’s Law- Network speed is increasing. Higher speeds enable new products, platforms, and companies.

*Kryder’s Law- Storage capacity is increasing exponentially. The cost of storing data is approaching zero.