Information Systems and Data Analytics Flashcards
What type of planning takes place at the top of the organisation and is concerned with setting a future course of action?
Strategic planning
What type of control is concerned with the effective use of resources to achieve targets?
Management control
What type of control is concerned with the day-to-day plans of the organisation?
Operational control
What type of system records historic information and the simple automation of manual systems?
TPS - Transaction processing systems
What type of system converts data into useful information?
MIS - Management information systems
What type of system provides strategic managers with flexible access to internal information from the entire business?
EIC - Executive information systems
What type of system integrates the data from all operations within the organisation?
ERPS - Enterprise resource planning system
What does CRM stand for?
Customer relationship management
What are the five V’s that represent the defining characteristics of Big Data?
Velocity
Volume
Variety
Veracity
Value
What is the process of identifying trends and patterns in large sets of data called?
Data mining
