What do business professionals need to know about software? Describe three kinds of virtualization and explain the use of each. Explain the difference between software ownership and software licenses. Explain the differences among horizontal-mar-ket, vertical-market, and one-of-a-kind applications. Describe the three ways that organizations can acquire softwareWhy are mobile systems increas-ingly important?Define mobile systems. Name and describe the four elements of a mobile system. Describe the size of the mobile market and explain why there are 3.9 billion mobile prospects. Explain why the mobile market will become stronger in the future. Explain why a problem for one organization is an opportunity for another. Using the five-component model, describe particular opportuni-ties for each component. Define just-in-time data and explain how it changes the value of human thinking What are the challenges of personal mobile devices at work?Summarize the advantages and disadvantages of employees using mobile systems at work. Define BYOD and BYOD policy. Name six possible policies and compare them in terms of functionality and organizational control. Summarize the advantage of each to employers. How closely do you want to be tracked and is there a line of 'privacy' in regard to your personal information? Do you read the privacy agreements? Also, what do you think about the potential for displaced jobs? Apple is pursuing autonomous vehicles (and they are a $1 trillion company). Dominos has been a first mover in this and it will be interesting to see how a pizza company has expanded into a tech company.