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Comm > 213 Final Study > Flashcards

213 Final Study Flashcards

1
Q

Business Analytics

A

The process of developing actionable decisions based on insights generated from data, examine data with statistical tools

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2
Q

Descriptive Analysis

A

Summarize what has happened in the past and allow decision makers (you) to learn from past behaviours

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3
Q

BA tools in Descriptive Analytics

A

Online analytical processing, data mining the process of searching for valuable business information in a large database, data warehouse or data mart
Descriptive Analytics- identify previously unknown patterns
Predictive Analytics- Predict trends and behaviors

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4
Q

Decision Support Systems

A

combine models and data to analyze semi structured and unstructured problems that involve extensive user involvement

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5
Q

Sensitivity Analysis

A

Study of the impact that changes in one or more parts of a decision making model have on other parts such as budgeting process as variable that are uncertain: future tax rates, inflation rates, company operating expenses

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6
Q

What if Analysis

A

Attempts to predict the impact of a change in the assumptions (input data) on the proposed solution example: what will happen to the total inventory cost if the originally assumed cost of carrying inventories is 12% instead of 10%

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7
Q

Goal Seeing Analysis

A

A backward solution that attempts to calculate the value of the inputs necessary to achieve a desired level of output example what sales would be needed to generate a $5 million profit

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8
Q

Predictive Analysis

A

Examine recent and historical data to detect patterns and predict future outcomes or trends, it can only forecast what might happen in the future based on probabilities. Examples are banking forecasting bank loans,
retailing sales: predicting sales and preventing theft and fraud
manufacturing and production: predict machinery failures
insurance: forecast claim amounts and medical coverage costs
police work: track crime patterns and locations
healthcare: predict illness from patient demographics

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9
Q

Data Mining

A

A BA tool in predictive analytics, the process of searching for valuable business information in a large database, data warehouse and data mart

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10
Q

Descriptive Analytics

A

Identify previously unknown patterns

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11
Q

Predictive Analytics

A

Predict Trends and behaviors

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12
Q

Prescriptive Analysis

A

Recommend one or more courses of action and show the likely outcome of each decision
Prescriptive analysis= predictive analytics + additional 02 components
Tools+ optimization, simulations and decision trees

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13
Q

Electronic Commerce

A

the process of buying, selling, transferring or exchanging products, services or information via computer networks particularly the internet

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14
Q

Electronic Business

A

In addition to buying and selling goods and services, e-business refers to servicing customers’ collaborating with business partners and performing electronic transactions in an organization

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15
Q

Degree of Digitalization

A

the extent to which commerce has been transformed from physical to digital: brick and mortar organization, pure electronic commerce, virtual or pure play organizations and click and mortar organizations

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16
Q

Three Types of E-Commerce

A
  1. Business to consumer EC (B2C) the sellers are organizations and the buyers are individuals
  2. Business to Business (B2B) both the sellers and the buyers are the organizations
  3. Consumer to Consumer EC (C2C) both the sellers and buyers are individuals example eBay
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17
Q

Three other type of E-Commerce

A
  1. Business to Employee EC (B2E) An organization uses EC internally to provide information and services to its employees
  2. E-Government at government to citizen (G2C) the government provides services to citizens such as social security payments
  3. Mobile Commerce (m-commerce) EC is conducted entirely in a wireless environment
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18
Q

Business Model

A

The method by which a company generates revenue to sustain itself

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19
Q

Electronic Catalogs

A

consists of a product database, a directory and search capabilities the backbone of most EC web bases ie an Amazon host

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20
Q

Electronic Auction

A

Competitive buying and selling process in which prices are determined dynamically by competitive bidding such as forward auctions or reverse auctions

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21
Q

E store fronts

A

a website that represents a single store

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22
Q

Electronic mall

A

Collection of individuale shops under one internet address

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23
Q

E-Marketplaces

A

Central virtual market space on the web where many buyers and many sellers conduct e commerce and e business activities

24
Q

Electronic Payment Mechanisms

A

enable buyers to pay for goods and services electronically

25
Q

Business to customer e-commerce models

A

known as electronic retailing or e-tailing
mechanisms electronic storefronts and electronic malls

26
Q

Online service industries

A

disintermediation, cyberbanking, online job market, online securities trading, online advertising

27
Q

Legal and ethical issues to specific electronic commerce

A
  1. fraud on the internet
  2. cybersquatting: profiting from goodwill or trademarks that belong to someone else
  3. domain testing
  4. taxes and other fees: basic laws that retailers must follow
  5. copyright
28
Q

Mobile

A

Something that can change its location ie cell phone

29
Q

Short range wireless networks

A

Bluetooth: an industry specific is used to create a small personal area network
Ultra wide band: streaming multimedia from a personal laptop to TV
Near-Field Communications: smallest range of short range wireless networks

30
Q

Medium range wireless networks

A

wireless fidelity, wifi direct, super wifi, mifi, wireless mesh networks

31
Q

Wireless Fidelity

A

A medium range broadband wireless local area network, cheap and the greatest facilitator of wifi

32
Q

Wifi Direct

A

enables peer to peer wireless communication without the need to go through a central wireless access point

33
Q

Mifi

A

small portable, wireless device that provides users with a permanent wifi hotspot wherever they go

34
Q

Super Wifi

A

not based on Wifi technology threat to cell phone carriers

35
Q

wireless mesh technology

A

these networks use multiple wifi access points to create a wide area network that can be quite large

36
Q

Mobile Computing

A

a real-time connection between a mobile device and other computing environments

37
Q

Attributes of Mobile Computing

A

ubiquity- anywhere and everywhere
convenience
instant connectivity
personalization
localization of products

38
Q

Mobile commerce

A

electronic commerce transactions conducted in a wireless environment

39
Q

Mobile Commerce Applications

A

Location-based applications and services: provide specific information to a given location
Financial Services: online banking, wireless payments etc
Telemetry: Wireless transmission and receipt of data gathered from remote sensors ie OnStar

40
Q

Internet of Things

A

A system where any object natural or manmade has a unique identity and can send a receive information over a network without human interactions

41
Q

Radio Frequency Identification

A

It is one type of wireless technology sensor that provides infrastructure of the internet of things

42
Q

Social Computing

A

Social behavior+ Information System

43
Q

Characteristics of social computing

A

Collaboration among people on the internet, encourages user generated content, information related to everyone

44
Q

Web 1.0 vs 2.0

A

1.0: read only, 45 million users
2.0: read and write, user generated content 3.5 billion users

45
Q

Acquisition Methods

A

1: purchase a pre written application
2: customize a pre written application
3: lease the application

46
Q

Application Service provider

A

multiple customers accessing one application that the vendor offers

47
Q

Software as a service

A

multiple customers same application partition database

48
Q

open source software

A

vendors source codes and is available to a company

49
Q

outsourcing

A

acquire IT service from external vendors, small businesses may take this route to outsource its bookkeeping needs to an accounting firm rather than inhouse

50
Q

custom development

A

in-house development, custom building applications, however timely and costly

51
Q

six processes of SDLC

A

1: system investigation
2: systems analysis
3:systems design
4: program and testing
5:implementation
6: operation and maintenance

52
Q

Alternative methods for system development

A
  1. joint application
  2. agile development
  3. end user development
53
Q

Ethical Framework

A
  1. utilitarian approach
  2. rights approach
  3. fairness approach
  4. common good approach
54
Q

code of ethics

A

collection of principles intended to guide decision making by members of an organization

55
Q

fundamental tenets of ethics

A
  1. responsibillities
  2. accountability
  3. liability
56
Q

information security

A

all the processes and policies designed to protect an organization’s information and information systems from unauthorized access

57
Q

deliberate threats to information systems

A

espionage, information extortion, sabotage and vandalism, alien software, identity theft

Comm (13 decks)

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