1-5 Flashcards
What is inflation management (or”IM”)
Is a business function that involves people, processes, and systems that collect, organize, store, and secure relevant data and information, and makes it accessible and useful for making informed decisions.
What is processes
That regularly and automatically collect information.
What is the Management Information system or MIS
Which is a computerized system that supports and enables the Information Management business function.
What is organizes
Information to make searching, retrieving, and archiving easier.
What is stores
Information in a database, and the database exists on servers, hard drives, and in the cloud.
What is secure
So that those who aren’t authorized to view it can’t.
What is Relevant
Here means only important and useful data is collected and stored, so that the information is helpful making decisions.
What is data
Data means the raw form of information before it actually becomes useful information.
What is Accessible
Accessible means granting access to information, usually via a password, only to those who should have access to the information, and with different levels of access.
What is data integrity
Data integrity is needed to keep company and customer information searchable, traceable, and connected.
What is a trade secret
Trade secret is a practice or process not generally known outside of the company that owns it, and that has economic value.
What intangible assrt
Intangible assrt, which is anything of value that is not physical in nature, like trade secret and other type of intellectual property.
What is Intellectual property
Intellectual property, also called”IP”, is anything that is created from the mind or intellect, like inventions, ideas, or methods.
What is risk management
Rick management is about identifying, understanding, and predicting circumstances or events that might have negative consequences, and taking proactive measures to avoid these risks and effectively combat them if/when they occur. Part of avoiding risks includes regular audits.
What is Audit
Audit is an independent and unbiased inspection and review to evaluate the safety, integrity and accuracy of information, systems, processes, procedures and protocols.
What is cyber security
Cyber security is the protection of networks, devices, and data from unauthorized access or criminal use, and the practice of ensuring the confidentiality, integrity, and availability of information.
