BUAW - Communicate info to stakeholders Flashcards
1
Q
What is good quality information?
A
Accurate
Complete
Cost effective
Understandable
Relevant
Authoritative
Timely
Easy to use
2
Q
What are the three levels of information?
A
- Strategic
- Managerial
- Operational
3
Q
What are the main sources of big data?
A
- Social data
- Machine data
- Transactional data
4
Q
What are the 5 V’s of Big Data?
A
- Volume
- Velocity
- Variety
- Veracity
- Value
5
Q
Benefits of big data
A
- Attracting and retaining customers
- Focused marketing
- Gain competitive advantage
- Identify areas of risk
- Faster innovation
- Improved business processes
- Fraud detection
6
Q
Limits and risks of big data
A
- Lack of knowledge and skills
- Difficult integrating from different sites
- Data protection
- Data security
7
Q
How can you visualise big data?
A
- Tables
- Matrices
- Graphs and charts
- Diagrams
- Images
