5.9 - Managment Information Systems

Question 1

Define data analytics

Answer 1

Analysing raw data to make judgment about the information

Question 2

What are the 4 types of data analytics

Answer 2

• descriptive analytics
• diagnostic analytics
  -predictive analytics
• prescriptive analytics

Question 3

Define data base

Answer 3

A structure set of data

Question 4

What are the 4 types of data base

Answer 4

• relation
• non relation
• hierarchical
• network

Question 5

Define cyber security

Answer 5

Protection against criminal use of electrical data

Question 6

Define cyber crime

Answer 6

Criminal activities carried our via the internet

Question 7

Define critical infastructure

Answer 7

System and network of assets that re required for operations

Question 8

What 3 things does critical infastructure include

Answer 8

• artificial neutral netherworks - systems that stimulate human brains
• data centres - network of servers that store, process and distribute data
• cloud computing - network of remote servers that manage data via internet

Question 9

Define virtual reality

Answer 9

Stimulation of 3D enviroment

Question 10

What are the 4 examples of virtual reality

Answer 10

• training and education
• architecture
• media and entertainment
• R&D

Question 11

Define internet of things

Answer 11

Network of devices that can collect and process data

Question 12

What are 4 examples of the network of things

Answer 12

• home automation
• healthcare
• transportation
• agriculture

Question 13

Define AI

Answer 13

Computer systems that can preform functions kthat are traditionally handled by humans

Question 14

What are 4 example of AI

Answer 14

• commerce
• transportation
• search engines a
• text processing

Question 15

Define big data

Answer 15

Extremely large sets that are analysed in order to reveal trends and patterns in consumer behaviour

Question 16

Define loyalty programs

Answer 16

Measure taken to encourage customers to make repeat purchases

Question 17

What are the positives and negatives of customer loyalty programs

Answer 17

Pos - increased customer retention, low costs, more data available, WOM promotion
Neg - having to deal with big data, competition with other locality programs, reduced profits

Question 18

Define data Taylorism

Answer 18

Modern application of Taylor scientific management

Question 19

What are some examples of digital Taylorism

Answer 19

Performance related pay, decision of labour, CCTV, clock in clock out

Question 20

What are the positives and negatives of digital Taylorism

Answer 20

Pos - easily measured productivity, control, less reliance on human managers, helps of identify areas of improvements, recorded evidence, clear expectations about rewards
Cons - lack of trust, violation of privacy, ethical issues, confidentiality, issues of data leaks

Question 21

Define data mining

Answer 21

The process of analysing big data in order to generate new information that assist design making

Question 22

What are the pros and cons of data mining

Answer 22

Pros - helps with customer profiling, creating products for needs and wants, cash flow, budgeting, marketing
Cons - violation of privacy, ethical issues, confidentiality issues i of data leaks, time consuming, expensive

Question 23

Define management information systems

Answer 23

Structure that serves the purpose of collecting, sorting, processing and analysing data for sake of efficient management