Question 1 Disruption results in a net destruction of economic value
Answer: False. Disruption results in a net CREATION of economic value
Question 2 In the following graph reviewed in class, to what event corresponds the vertical red line?
Answer: the introduction of digital camera
Question 3: In your view, which of the following factor contributed most to the initial success of Uber, a company rightly view as a major disruptor in the transport industry
Answer: innovative business model
Question 4: Would your answer stay the same for TikTok as it is for Uber? Justify your answer [< 50 words]
Answer: Yes. Tiktok applies the new business model that focuses on the short-form videos to gain unfair advantages
Question 5: According to Vernor Vinge, the Singularity can be avoided because we can confine future thinking machines or embed software rules in them so that they can be used safely. True or false?
Answer: False. the Singularity is inevitable and unstoppable
Question 6: Henry Ford famously said "If I had asked people what they wanted, they would have said faster horses.” Who were these "people" he was referring to?
Question 7: When discussing adoption rate of technology during the 20th century, what explains the clear slowdown in the period between 1930 and 1945? [< 50 words]
Answer: The great economic depression between 1930 and 1945 results in the slowdown of adoption rate of technology
Question 8: What examples of sustaining technology (as opposed to disruptive) have been highlighted in class?
Answer: Display technology & CPU technology
Question 9: What type of company is Birchal? (birchal.com.au)
Answer: licensed crowd funding intermediary
Question 10: Andrew Dzurak, CEO of Diraq, explained that there are a number of competing technologies implementing the quantum bits (a.k.a. q-bit) necessary for the realisation of a quantum computer. Which important technical challenge do they all face?
Answer: correcting errors during computation