Managing New Technology (Leaving Cert Business): Flashcards

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Managing New Technology
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Definition of Artificial Intelligence (AI)

Computer systems performing tasks needing human thinking & decisions

Definition of cloud computing

Using internet servers to store, manage & process info remotely

What does CAD stand for and what is it?

Computer-aided design: software for creating/modifying 2D/3D designs

What does CAM stand for and what is it?

Computer-aided manufacturing: software to control production equipment

What does CIM stand for and what is it?

Computer-integrated manufacturing: controls entire production process

New job types created by technology

Social media influencers, bloggers, YouTubers, programmers

Health risks from excessive technology use

Repetitive stress injuries, eye damage, stress & burnout

Initial costs of implementing new technology

Hardware, software, installation, maintenance, upgrades & updates

Cost reduction areas from technology

Staffing, travel, retail/rental, postage, marketing, banking

Disruption threats from technology reliance

Power outages, system crashes, computer viruses

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