Chapter 8 - Computers in Business
Processing and managing algorithms across many machines in a computing environment is known as ______.
Distributed computing
Non-fungible token is a digital ______ backed by blockchain technology that proves ownership of something.
signature
What allows many different parties around the world to access and verify the same data?
Distributed ledger
Who is a business analytics specialist who uses visual tools to help people understand complex data?
A data artist
______ paralysis occurs when the user goes into an emotional state of over-analysis (or over-thinking) a situation so that a decision or action is never taken, in effect paralyzing the outcome
Analysis
What is it called when one governing party verifies all data and system access?
Centralized ledger
______ computing processes and manages algorithms across many machines in a computing environment.
Distributed
What are the three primary components of a block in a blockchain?
Hash Data Previous hash
is the ability for a blockchain ledger to remain a permanent, indelible, and unalterable history of transactions.
Immutability
What presents the results of data analysis, displaying the patterns, relationships, and trends in a graphical format?
Infographics
What are the three advantages of using blockchain technology?
Internet of Things integration digital trust immutability
What records classified and summarized transactional data?
Ledger
What is a digital signature backed by blockchain technology that proves ownership of something?
Non-fungible token
What is a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions (blocks) on the distributed ledger or blockchain?
Proof-of-work
True or false: Infographics (information graphics) present the results of data analysis, displaying the patterns, relationships, and trends in a graphical format.
True
A data ______ is a business analytics specialist who uses visual tools to help people understand complex data.
artist/A data artist is a business analytics specialist who uses visual tools to help people understand complex data.
A(n) ______ is a type of distribution ledger, consisting of blocks of data that maintain a permanent and tamper-proof record of transactional data.
blockchain
A(n) ______ ledger is when one governing party verifies all data and system access.
centralized
A(n) ______ ledger allows many different parties around the world to access and verify the same data.
distributed
Proof-of-work is a requirement to define an expensive computer calculation, also called ______, that needs to be performed in order to create a new group of trustless transactions (blocks) on the distributed ledger or blockchain.
mining