Chapter 1 Competing in the information age
Which of the following are examples of data?
Amount sold, Customer number, order date
What uses techniques that describe past performance and history?
Descriptive analytics
a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention
Internet of Things
What refers to devices that connect directly to other devices?
Machine to Machine (M2M)
Which are types of data?
Order date, amount sold, customer number,
What are types of machine-generated structured data?
Point of sale data, web log data, sensor data
What uses techniques that create models indicating the best decision to make or course of action to take?
Prescriptive analytics
Select the group of items that can be determined using information.
The best-selling product, best customer, and worst-selling product
A report is a document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information.
True
Select the four common characteristics of big data
Velocity, veracity, volume, variety
Which question can be answered using business intelligence
What was the lowest sales per week compared with the economic interest rate?
Which of the following are examples of information in contrast to data?
Worst customer, Best-selling product, Best customer
Is the science of fact-based decision making.
analytics
What is a collection of large, complex data sets, including structured and unstructured data, which cannot be analyzed using traditional database methods and tools
big data
What is the scientific process of transforming data into insight for making better decisions?
business analytics
Data are the raw facts that describe the _____ of an event or object
characteristics
In analyzing a business, the characteristics of an individual sale, such as the order date, are best referred to as
data
What age are we currently living in when infinite quantities of facts are widely available to anyone who can use a computer?
information age
Productivity is the ____ at which goods and services are produced based upon total output given total inputs
rate
A data __________ extracts knowledge from data by performing statistical analysis, data mining, and advanced analytics on big data to identify trends, market changes, and other relevant information.
scientist
What has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address?
structured data
A fact is the ______ or ______ of an event or object
validation, confirmation