Chapter 1: Data Introduction Flashcards
Internet of Things
A world where interconnected Internet-enabled devices or “things” have the ability to collect and share data without human intervention.
Information age
The present time, during which infinite quantities of facts are widely available to anyone who can use a computer
Machine-to-Machine (M2M)
Refers to devices that connect directly to other devices
Data
Raw Facts that describe the characteristics of an event or object.
Ex. order date, amount sold
Information
Data converted into a meaningful and useful context.
Ex. Best-selling product, best customer
Business Intelligence
Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making.
Ex. Lowest sales per week compared with the economic interest rates
Knowledge
The skills, experience, and expertise, coupled with information and intelligence, that creates a person’s intellectual resources.
ex. Choosing not to fire a sales representative who is under-performing, knowing that a person is experiencing family problems
Machine-Generated Data
Created by a machine without human intervention.
Human-Generated Data
Data that humans, in interaction with computers, generate.
Structured Data
Has a defined length, type, and format and includes numbers, dates, or strings such as a customer address.
Unstructured Data
Not defined and does not follow a specified format and is typically free-form text such as emails.
Big Data
A collection of large, complex data sets, which cannot be analyzed using traditional database methods.
Snapshot
A view of data at a particular moment in time.
Report
A document containing data organized in a table, matrix, or graphical format.
Static Report
Created once based on data that does not change.
