BUS4 188 Lecture Notes - Lecture 1: 18 Months, Systems Theory
Chapter 1 Lesson 1: Why MIS?
I. 4 Industrial Revolutions
a. 1st Industrial Revolution: Steam powered engines that transformed agricultural
society into industrial and urban life
b. 2nd Industrial Revolution: Harnessed electricity and introduced mass production
c. 3rd Industrial Revolution: powered by computing to enter the digital age
d. 4th Industrial Revolution: most disruptive – artificial intelligence, robotics, Internet of
Things, autonomous vehicles, quantum computing, convergence of IT and bio and
nanotechnology
II. Fundamental Laws Changing Technology
a. Bell’s Law: a new computing class forms roughly each decade establishing a new
industry
i. New computers → new industry
b. Moore’s Law: the number of transistors/inch^2 on an integrated chip doubles every
18 months
i. Processing power
c. Metcalf’s Law: value of a network = (# of users connected)^2
i. Value of a network
d. Nielsen’s Law: Network connection speeds for high end users will increase by 50%
per year
i. Network speed
e. Kryder’s Law: storage density on magnetic disks increasing at an exponential rate
i. Storage
III. How can I attain job security?
a. Marketable skills: routine vs. non-routine cognitive skills
i. Abstract reasoning
1. Modeling
ii. System thinking
1. Drawing connections
iii. Collaboration
1. Interdependence
iv. Ability to experiment
1. Innovation
