Review Your Portfolio Site Gradebook Learn IT! #3 Midterm Exam #2 – Thursday, March 17 th – Assess week 6-9 learning objectives – #2 Pencil

Information Systems in Organizations 3.2 Systems Management

Build Your Own Study Guide Wikipedia: Systems Development Lifecycle Wikipedia: Systems Development Lifecycle What are 3 key points from this reading? What are 3 important details from this reading? Students will be called upon at random

? What is the Systems Development Life Cycle (SDLC)? Waterfall Agile Requirements Analysis Design Coding Testing Training Go Live Maintenance Buy vs. Build

This is where we collect requirements Build vs. Buy Testing Go Live Maintenance Training

Build Your Own Study Guide Build vs. Buy: How to Know When You Should Build Custom Software Over Canned Solutions Build vs. Buy: How to Know When You Should Build Custom Software Over Canned Solutions What are 3 key points from this reading? What are 3 important details from this reading? Students will be called upon at random

? What is better, to buy solutions off the shelf or build your own solution? How does this impact the SDLC?

GATHERING SYSTEM REQUIREMENTS In-Class Activity…

The Information Age Redefining the Rules of Business

Build Your Own Study Guide What We Know, Now, About the Internet’s Disruptive Power What We Know, Now, About the Internet’s Disruptive Power What are 3 key points from this reading? What are 3 important details from this reading? Students will be called upon at random

The disruptive Power of the Internet How has the internet changed the way business operates? – How we market products and services – How we process payment – How we discover new prospects – Virtual reality driven businesses – New opportunities for crime

How has the photographic equipment industry been disrupted? ?

Effects of the Internet Increase in competition Decrease in margins Increase in caliber and quality Increase in rate of change

Reach vs. Richness

What is the value of IT projects? Often intangible and difficult to measure Main objectives are to reduce labor costs or gain new business

Compliance Considerations Sarbanes-Oxley HIPAA HITECH FDA CMS Safe Harbor Agreement

Sarbanes-Oxley (2002) Enacted in response to major accounting scandals involving Enron and WorldCom Designed to prevent accounting fraud, increase corporate transparency, eliminate conflicts of interest, and protect whistle-blowers Has major impact on ERP systems and business software

Sarbanes-Oxley (2002) Public Company Accounting Oversight Board (PCAOB) Auditor Independence Corporate Responsibility Enhanced Financial Disclosures Analyst Conflicts of Interest Studies and Reports Corporate and Criminal Fraud Accountability White Collar Crime Penalty Enhancement Corporate Tax Returns (CEO) Corporate Fraud Accountability

HIPAA (1996) Title I: Health Care Access, Portability, and Renewability Title II: Preventing Health Care Fraud and Abuse; Administrative Simplification; Medical Liability Reform HIPAA Privacy Rule (2003) Transactions and Code Sets Rule Security Rule Unique Identifiers Rule (National Provider Identifier) Enforcement Rule

HITECH Act (2009) Health Information Technology for Economic and Clinical Health Act "the most important piece of health care legislation to be passed in the last 20 to 30 years” "foundation for health care reform” Electronic Health Record (EHR)

Build Your Own Study Guide CEA’s 5 Tech Trends for 2015: From Big Entertainment to Small Business CEA’s 5 Tech Trends for 2015: From Big Entertainment to Small Business What are 3 key points from this reading? What are 3 important details from this reading? Students will be called upon at random

Trends in Technology The Consumer Electronics Association (CEA) has announced its Consumer Electronics Association 5 Technology Trends to Watch for 2015

Big Data

Insurance underwriting based on monitoring Credit rating based on indicators Purchase habits iBeacon – shopping behavior How we talk it (plain English, please!) Unstructured data So many sources

Big Data: Analytics ^ Click image to watch video

Big Data: Analytics If Muhammed will not go to the mountain, the mountain will go to Muhammed. Bring the processors to the data instead of bringing the data to the processors.

Big Data: Analytics Parallel Processing ETL (Extract, Load, Transform) Evolution of data generation MapReduce Employees, Companies Consumers, Web 2.0 Machine- generated ? Social Mobile Weblog Sensors Monitors Satellite

Robotics Autonomous cars Drones Cleaning robots (Roomba) MobileEye Automated pet care Lawn and garden robots Robots for child care? Roads? Where we’re going, we don’t need roads.

Digital Health & Self Monitoring FitBit Apple Watch Insulin pump Seizure-monitoring app

Entertainment, Gaming, & Immersion D-Box entertainment theatres simulate motion & feel Guitammer Company and ESPN2 broadcast in 4D – Simulate feel, look, sound, and vibration of the experience – Experience the game from the player’s perspective Kinect Wii Project HoloLens(Real World) Oculus Rift virtual reality (Content) ^ Click image to view link

Build Your Own Study Guide Leagues see real benefits in daily fantasy sports Leagues see real benefits in daily fantasy sports What are 3 key points from this reading? What are 3 important details from this reading? Students will be called upon at random

Fantasy Sports Great for: Live viewership Advertising Content Providers Real money in imaginary games

Business Innovation Scalability Lower barriers of entry Lower switching costs Network effect Increasing returns to scale Shift to services – Think of SaaS – Software > hardware Multi-sided platforms – Uber – App Dev Big companies need to think about how they innovate – Alphabet as an example – Open Innovation as a model

Build Your Own Study Guide Hidden in the long tail Hidden in the long tail What are 3 key points from this reading? What are 3 important details from this reading? Students will be called upon at random

Pareto Principle (20/80 Rule) 20% of producers produce 80% of output – 20% of peapods produce 80% of peas – 20% of inventory produces 80% of sales – 20% of customers produce 80% of sales – 20% of people own 80% of wealth – 20% of people consume 80% of resources – 20% of time spent working produces 80% of work produced (time management)

Pareto Principle (80/20 Rule) Problems: It doesn’t always apply It is a pre-information age model

Long Tail Distribution Variety > bestsellers – Netflix – Amazon – iTunes There’s money in the tail – Advertising products Google Yahoo Bing – Travel bookings How does a company “fatten the tail?”

Netflix Long Tail “…gets most of its profits from a large number of infrequently requested movies rather than from few large and profitable movies.”

In Class Activity If link doesn’t work, go to

TitleRankGross Sales Jurassic World1$652,071,496 Ant-Man10$179,527,466 Taken 325$89,256,424 McFarland USA50$44,482,410 Ex Machina75$25,442,958 Testament of Youth150$1,822,250 The Hunting Ground225$405,917 Cambodia300$133,443 Charlie's Country375$42,937 Eastern Boys450$16,831 The Riot Club525$6,041 United Passions600$607 Results

Analysis Average $ 13,618, Median $ 130, Mode $ 2, Top Movie $ 652,071, Movies 80 through 604 (524 movies) $ 656,358, Movies 1 through 17 (17 movies) $ 4,097,664, Movies 17 through 604 (587 movies) $ 4,128,027,585.00

THE LONG TAIL In-Class Activity…