Technology and Innovation
Public flashcard deck about Technology and Innovation. 8 cards.
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What is Moore's Law and how has it impacted technology?
Moore's Law states that the number of transistors on a microchip doubles about every two years, though the pace has slowed. This exponential growth has driven down costs and increased processing power, leading to innovations in computing, communication, and artificial intelligence.
Define 'disruptive innovation' and provide an example.
Disruptive innovation refers to an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market-leading firms, products, and alliances. Example: Netflix disrupting the traditional video rental market.
What is the Internet of Things (IoT) and what are its potential benefits and risks?
IoT refers to the network of physical objects—'things'—that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the Internet. Benefits include increased efficiency and automation. Risks include privacy concerns and security vulnerabilities.
Explain the concept of 'Artificial Intelligence' (AI) and name three different types of AI.
Artificial Intelligence is the simulation of human intelligence processes by computer systems. These processes include learning (the acquisition of information and rules for using the information), reasoning (using rules to reach approximate or definite conclusions), and self-correction. Three types of AI are: narrow or weak AI, general or strong AI, and super AI.
What are some ethical considerations surrounding the development and deployment of AI?
Ethical considerations include bias in algorithms, job displacement, privacy concerns, accountability for AI decisions, and the potential for misuse of AI technologies.
Describe the concept of 'Blockchain technology' and its primary applications beyond cryptocurrency.
Blockchain is a decentralized, distributed, and public digital ledger used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks. Applications include supply chain management, voting systems, and healthcare record management.