Business Driven Technology

Question 1

Fact

Answer 1

The confirmation or validation of an event or object

Question 2

information age

Answer 2

A time when infinite quantities of facts are widely available to anyone who can use a computer.

Question 3

Internet of things (IoT)

Answer 3

A world where interconnected Internet-enabled devices or “things” have the ability to collect and share data without human intervention.

Question 4

machine-to-machine (M2M)

Answer 4

Refers to devices that connect directly to other devices

Question 5

data aggregation

Answer 5

The collection of data from various sources for the purpose of data processing.

Question 6

structured data

Answer 6

Data that has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address.

Question 7

machine-generated data

Answer 7

Data created by a machine without human intervention.

Question 8

human-generated data

Answer 8

Data that humans, in interaction with computers, generate

Question 9

unstructured data

Answer 9

Data that is not defined and does not follow a specified format and is typically free-form text such as emails, Twitter tweets, and text messages

Question 10

big data

Answer 10

A collection of large, complex data sets, including structured and unstructured data, which cannot be analyzed using traditional database methods and tools.

Question 11

snapshot

Answer 11

A view of data at a particular moment in time

Question 12

report

Answer 12

A document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information

Question 13

static report

Answer 13

A report created once based on data that does not change

Question 14

dynamic report

Answer 14

A report that changes automatically during creation

Question 15

variable

Answer 15

A data characteristic that stands for a value that changes or varies over time.

Question 16

business intelligence (BI)

Answer 16

Information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making

Question 17

analytics

Answer 17

The science of fact-based decision making.

Question 18

predictive analytics

Answer 18

Extracts information from data and uses it to predict future trends and identify behavioral patterns.

Question 19

behavioral analytics

Answer 19

Uses data about people’s behaviors to understand intent and predict future actions

Question 20

knowledge

Answer 20

Skills, experience, and expertise coupled with information and intelligence that creates a person’s intellectual resources

Question 21

knowledge workers

Answer 21

Individuals valued for their ability to interpret and analyze information.

Question 22

business unit

Answer 22

A segment of a company (such as accounting, production, marketing) representing a specific business function

Question 23

information silo

Answer 23

Occurs when one business unit is unable to freely communicate with other business units making it difficult or impossible for organizations to work cross-functionally.

Question 24

system

Answer 24

A collection of parts that link to achieve a common purpose.

Question 25

goods

Answer 25

Material items or products that customers will buy to satisfy a want or need.

Question 26

services

Answer 26

Tasks performed by people that customers will buy to satisfy a want or need

Question 27

production

Answer 27

The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.

Question 28

productivity

Answer 28

The rate at which goods and services are produced based upon total output and total inputs

Question 29

systems thinking

Answer 29

A way of monitoring the entire system by viewing multiple inputs being processed or transformed to produce outputs while continuously gathering feedback on each part.

Question 30

feedback

Answer 30

Information that returns to its original transmitter (input, transform, or output) and modifies the transmitter’s actions

Question 31

management information systems (MIS)

Answer 31

A business function, like accounting and human resources, which moves information about people, products, and processes across the company to facilitate decision making and problem solving.

Question 32

information

Answer 32

Data converted into a meaningful and useful context.