BUS-K 201 Lecture 1: K201 Lecture Chapters 1-2 Notes

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Information age: a period in history where the production, distribution, and control of information is the primary driver of the economy. Started in 1970s with the digital revolution: the conversion from mechanical and analog devices to digital devices. Bell"s law: states that a new computer class forms roughly each decade, establishing a new industry. Moore"s law: the number of transistors per square inch on an integrated chip doubles every. Caused the ratio of price to performance of computer processors to fall dramatically. Metcalfe"s law: the value of a network is equal to the square of the number of users connected to it. The more digital devices are connected together, the value of that network will increase. Nielsen"s law: network connection speeds for high-end users will increase by 50% each year. Kryder"s law: the storage density on magnetic disks is increasing at an exponential rate. Abstract reasoning: construct a model or representation.

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