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