BIS Chapter 1 University of Pittsburgh

Which two terms can be used interchangeably with business unit?

- Functional Area - Department

Which of the following are dynamic reports? (Select two)

-Available inventory report -Daily stock market price report

Which of the following are classified as static report types? (Select two)

-Last year's sales report -Last year's salary report

What are two sources of unstructured data?

-Satellite images -Social media data

A report is a document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information. What are the two common types of reports?

-Static reports -Dynamic reports

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

What is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making?

Business Intelligence

The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or "things" can collect and share __________ without human intervention.

Data

What are the raw facts that describe the characteristics of an event or object?

Data

Finance

Deals with strategic financial issues including money, banking, credit, investments, and assets.

Which statement accurately describes the relationships between departments in a company for making solid business decisions for the company to operate as a whole?

Departments are interdependent and need data from other departments

What type of analytics is best described with a report that includes charts and graphs explaining the data?

Descriptive analytics

What is data that humans, in interaction with computers, generate?

Human-generated structured data

What is data converted into a meaningful and useful context?

Information

What age are we currently living in when infinite quantities of facts are widely available to anyone who can use a computer?

Information Age

Human-generated structured data is data that humans, in interaction with computers, generate. Which two sources of data are human-generated structured data?

Input data Gaming data

What includes the skills, experience, and expertise, coupled with information and intelligence, that creates a person's intellectual resources?

Knowledge

_______ workers are individuals valued for their ability to interpret and analyze information.

Knowledge

Who are individuals valued for their ability to interpret and analyze information?

Knowledge workers

What refers to devices that connect directly to other devices? - Machine to machine (M2M) - Business intelligence - Information age - Management information systems

Machine to machine (M2M)

What is created by a machine without human intervention?

Machine-generated data

Human resources

Maintains policies, plans, and procedures for the effective management of employees.

Operations management

Manages the process of converting or transforming resources into goods or services.

Sales

Performs the function of selling goods or services

What is an area of business intelligence, which extracts information from data and uses it to predict future trends and identify behavioral patterns?

Predictive analytics

What uses techniques that create models indicating the best decision to make or course of action to take?

Predictive analytics

What type of analytics would take past purchasing data as inputs into a model and then recommend the best pricing strategy for maximizing revenue?

Prescriptive analytics

Accounting

Records, measures, and reports monetary transactions.

Structured data has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address. Which two sources typically store structured data?

Relational Database Spreadsheet

What is a document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information?

Report

Machine-generated data is created by a machine without human intervention. Which two sources represent machine-generated data?

Sensor Data Paint-of-sale Data

A(n) ________ is a view of data at a particular moment in time.

Snapshot

What is created once based on data that does not change?

Static Report

What has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address?

Structured Data

Business intelligence (BI) is information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making.

Suppliers, customers, competitors, partners, and industries

Marketing

Supports sales by planning, pricing, and promoting goods or services.

What is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention?

The Internet of Things (IOT)

Select the group of items that can be determined using information.

The best-selling product, best customer, and worst-selling product

True or false: Analytics is the science of fact-based decision making.

True

What is not defined and does not follow a specified format and is typically free-form text such as emails, Twitter tweets, and text messages?

Unstructured Data

Select the question that can be answered using only raw data.

What is the date, amount sold, and customer number for a sale transaction?

Which question can be answered using business intelligence?

What was the lowest sales per week compared with the economic interest rate?

What is the science of fact-based decision making?

analytics

A big part of business intelligence is an area called predictive analytics, which extracts information from ________ and uses it to predict future trends and identify behavioral patterns.

data

The four core drivers of the information age

data, information, business intelligence, knowledge

The key term machine to machine (M2M) refers to devices that connect directly to other __________.

devices

What changes automatically during creation?

dynamic report

In the _________ age infinite quantities of facts are widely available to anyone who can use a computer.

information