Chapter 2 Flashcards

1
Q

Data comes in three basic types

A

nominal, ordinal, and continuous

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2
Q

Nominal data

A
qualitative or descriptive data that has discrete values 
class variables, categorical variables, or discrete variables.
gender are 1 and 0, where 1 = male and 0 = female
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3
Q

Ordinal data i

A

Ordinal data is data with categories that have relative importance. rankings

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4
Q

Continuous data

A

all basic arithmetic operations: addition, subtraction, multiplication, and division.
Most business data, such as sales, balances, and minutes, is ratio or continuous data.

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5
Q

Three main characteristics of data should be considered when you are deciding the types of data you want to use

A

the power, stability, and cost

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6
Q

data warehouse

A

structure that links information from two or more databases

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7
Q

DIKW pyramid

A

data, info, knowledge, wisdom

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8
Q

Business architecture

A
  • provides a means of blueprinting or concretely expressing the design of the business.
  • helps an organization align its strategic vision with its underlying execution, whether they be technical resources or human capital.
  • linkages from abstract concepts like business mission, vision, strategy and goals to more concrete ones like business services, organizational structure, key performance indicators and application services
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9
Q

business operates as a layered system

A

The top layer is the strategic layer occupied by C-level executives and advisory groups
The middle layer is the tactical or managerial layer that seeks to steer the organization in alignment with the strategy
The bottom layer is the operations layer where a business executes its core processes and delivers value to its customers

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10
Q

Performance Indicators (PIs) and metrics

A

Business activity monitoring at the operations layer generates Performance Indicators (PIs) and metrics, for both services and processes.

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11
Q

Key Performance Indicators (KPIs)

A

used at the tactical layer

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12
Q

Critical Success Factors (CSFs)

A

at the strategic layer, which in turn help measure progress being made toward the achievement of strategic goals and objectives.

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13
Q

Business process

A

is a description of how work is performed in an organization

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14
Q

Business Process Management Systems (BPMS)

A

Business Process Management Systems (BPMS) provide software developers a model-driven platform that is becoming the Business Application Development Environment (BADE) of choice.

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15
Q

Business Application Development Environment (BADE)

A

Mediate between humans and other technology-hosted resources
Execute in alignment with corporate policies
Ensure the fair distribution of work to employees.

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16
Q

Business Activity Monitoring (BAM)

A

The state of an individual process, or all processes, can be interrogated via Business Activity Monitoring (BAM) and visualized.

17
Q

developments that have accelerated the pace of Big Data adoption in businesses

A

Data analytics and data science

Digitization

Affordable technology and commodity hardware

Social media

Hyper-connected communities and devices

Cloud computing

18
Q

Digitization

A

digital mediums have replaced physical mediums
saves both time and cost
leads to an opportunity to collect further “secondary” data

19
Q

social media

A

empowered customers to provide feedback
forced businesses to consider customer feedback on their service and product offerings in their strategic planning
businesses are storing increasing amounts of data on customer interactions within their customer relationship management systems (CRM)

20
Q

Internet of Everything (IoE)

A

The IoE combines the services provided by smart connected devices of the Internet of Things into meaningful business processes