Question: What does Moore's law have to do with the amount of data being generated today? Do you see this trend continuing? Why is it important

  1. What does Moore's law have to do with the amount of data being generated today? Do you see this trend continuing?
  2. Why is it important for business professionals to know about MIS?
  3. How is IT different from an information system? Why is this important?
  4. List what the five-component framework of Information Systems entail?
  5. When ATMs first came out, they provided a significant competitive advantage because they helped banks to differentiate themselves from others. Today, almost all banks provide access to these, so it is considered to be a standard service. How could you reengineer a bank's ATM system in order to gain competitive advantage today?
  6. Describe Porter's five forces model for competition. How can IS be used in this model?

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