3.9.4 - digital technology Flashcards

1
Q

how does digital technology effect businesses?

A
  • speeds up production line
  • can monitor staff
  • customers are able to review products/services
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

what is meant by ‘big data’?

A

gathering loads of data from some sources e.g.) social media usage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

what can businesses use big data for?

A
  • provide services for individuals needs
  • personalise marketing (loyalty cards)
  • structure adverts to engage audience
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

what is data mining?

A

looking at the data and identifying patterns, seeking to make sense out of it

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

what are the 4 methods of data mining?

A
  • data counting
  • correlation analysis
  • decision trees
  • network analysis/critical path
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

what are the pros of digital technology?

A
  • larger target audience
  • increase efficiency
  • decrease costs
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

what are the cons of digital technology?

A
  • expensive training
  • security breaches
  • financial barriers to entry
How well did you know this?
1
Not at all
2
3
4
5
Perfectly