GB310 Chapter 1

Dynamic

A ___ report changes automatically during creation. Dynamic reports can include updating daily stock market prices or the calculation of available inventory.

System

A ____ is a collection of parts that link to achieve a common purpose. Systems are the primary enabler of cross-functional operations

Fact

A ____ is the confirmation or validation of an event or object

Business

A _____ unit is a segment of a company representing a specific business function

Predictive

A big part of business intelligence is called ____ analytics , which extracts information from data and uses it to predict future trends and identify behavioral patterns

Time

A variable is a data characteristic that stands for a value that changes or varies over _____

Silo

An information _____ occurs when one business unit is unable to freely communicate with other business units making it difficult or impossible for organizations to work cross-functionally

Suppliers,customers,competitors,partners, and industries

BI is information collected from what sources?

Order data,amount sold, and customer number

Best answered using data

Information

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

Data

Information is ___ converted into a meaningful and useful context

Goods

Production is the process where a business takes raw materials and processes or coverts them into finished ___ or services

Rate

Productivity is the ____ at which goods & services are produced based upon total output given total inputs

Choosing not to fire a sales rep who is under performing knowing that person in exp. family problems

Question that can be answered by knowledge?

Internet of things & Without

The ____ is a world where interconnected internet-enabled devices or "things" have the ability to collect and share data ___ human intervention

Data

The raw facts that describe the characteristics of an event or object are called____

Web Log data,sensor data,point-of-sale data

What are machine-generated structured Data?

Services

What are tasks performed by people that customers will buy to satisfy a want or need?

Data,information, BI, Knowledge

What are the 4 core drivers of the information age?

Web log data,point-of-sale data, & sensor data

What are types of machine-generated structured data?

Emails,Twitter Tweets, Text Messages

What are types of unstructured Data?

*Input*:Bun,Patty,Lettuce,Tomato *process*:Cook the patty, wash and chop the lettuce *Output*:Hamburger

What examples are Input,Process,output? *Hamburger? *Bun,patty,lettuce,tomato? * Cook the patty, wash and chop the lettuce

Predictive analytics

What extracts information from data and uses it to predict future trends and identify behavioral patterns?

Structured Data

What has a define length, type, and format and includes numbers , dates , or strings such as customer address?

Object & Event

What has to be confirmed or validated with a fact? (2 Things)

Management Information Systems

What is a business function, which moves information about people,products,and processes across the company to facilitate decision making and problem solving?

Big Data

What is a collection of large, complex data sets, including structured and unstructured data, which cannot be analyzed using traditional database methods and tools?

Report

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

Static Report

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

Snapshot

What is a view of data at a particular moment in time?

Systems thinking

What is a way of monitoring the entire system by viewing multiple inputs being processed or transformed to produce outputs while continuously gathering feedback on each part?

Machine-to-Machine (M2m)

What is commonly associated with the internet of things?

Human-generated data

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

Business Intelligence

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

Information primarily focuses on internal variables BI manipulates multiple variables including both internal and external variables

What is the primary difference between information & bus. intelligence?

Productivity

What is the rate at which goods and services are produced based upon total output given total inputs?

Systems thinking

What provides an end-to-end view of how operations work together to create a product or service?

unstructured data

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

Click-stream data, gaming data,input data

What types are human-generated structured data?

Structured and unstructured data

What types are included in the big data?

*Best selling product *Worse Customer

Which of the following displays examples of info? *Customer number *Order Date *Best selling product *Price *Worst Customer

Lowest sales per week compared with the economic interest rate

Which question can be answered using business intelligence?

Behavioral

____ analytics uses data about people's behaviors to understand intent and predict future actions

Analytics

____ is the science of fact-based decision making

Knowledge

____ workers are indiv. valued for their ability to interpret and analyze information

Goods

_____ are material items or products that customers will buy to satisfy a want or need

Knowledge

____includes the skills,experience, and expertise, couples with information and intelligence that creates a person's intellectual resource