Intro to Business Information Systems: Ch 1

Question 1

digital age

Answer 1

shifted from analog fashion to digital (binary) method

Question 2

Bell’s law

Answer 2

digital devices evolve quickly

Question 3

Moore’s law

Answer 3

number of transistors in an aggregated chip doubles every 18 months

Question 4

Metcalfe’s law

Answer 4

the value of a network is the square of the number of nodes

Question 5

Neilsen’s law

Answer 5

network connection speeds increasing 50% per year

Question 6

Kryder’s law

Answer 6

storage capacity is increasing, exponential capacity growth

Question 7

Information Age

Answer 7

computers aid in processing, organizing, and providing information specific to a particular problem domain

Question 8

Acceleramotor

Answer 8

measures acceleration, phone can track steps

Question 9

Gyroscope

Answer 9

Determines which way phone is oriented

Question 10

magnetometer

Answer 10

measures magnetic fields, tells north

Question 11

GPS

Answer 11

connects with multiple satellites and calculates where you are based on angles of intersection

Question 12

biometric sensors

Answer 12

fingerprints, facial recognition

Question 13

radar sensors

Answer 13

detect movement

Question 14

proximity sensors

Answer 14

phone to face, turn off screen

Question 15

ambient light sensor

Answer 15

auto adjusts brightness

Question 16

Internet of Things (IoT)

Answer 16

world where interconnected internet analyzed devices have the ability to collect/share data without human intervention

Question 17

machine to machine (M2M)

Answer 17

the devices that connect directly to other devices and platforms

Question 18

AI

Answer 18

ability of computer or robot to perform tasks associated with intelligent beings, reason, discover meaning, generalize, learn, etc.

Question 19

systems and outsourcing

Answer 19

using resources and operations outside of country base

Question 20

reasons for outsourcing

Answer 20

increase productivity and competitiveness, cost reduction reducing operating cost in expensive areas, gaining new skills too costly to hire or inaccessible in-house, freeing up internal resources to work on core business functions, increased flexibility/scalability are also benefits of outsourcing

Question 21

thriving in an innovation environment

Answer 21

stay ahead of the curve, develop skills difficult to outsource, specialize in niche areas, master current tools and processes, embrace automation, focus on innovation/problem solving, network, team player, communicate

Question 22

business must drive use of technology

Answer 22

1. assess state of competition/industry pressures affecting organization
2. determine business strategies to address competitiveness/industry pressures
3. identify business processes to support chosen business strategies
4. align technology tools with those business processes

Question 23

core drivers of the information age

Answer 23

data, information, business intelligence, knowledge

Question 24

data

Answer 24

raw facts describe characteristics of event/object

Question 25

big data

Answer 25

collection of large complex data sets which cannot be analyzed using traditional database methods/tools (variety, veracity, volume, velocity)

Question 26

structured data

Answer 26

has defined length/type format and includes numbers, dates, strings

Question 27

unstructured data

Answer 27

not defined, does not follow specified format, typically free form text (email, tweets)

Question 28

data vs information

Answer 28

data is the building block of information

Question 29

information

Answer 29

data converted into meaningful or useful context

Question 30

report

Answer 30

document containing data organized in table, matrix, graph allowing users to easily comprehend information

Question 31

business intelligence

Answer 31

information collected from multiple sources that analyzes patterns, trends, relations for strategic decision making

Question 32

data analyst

Answer 32

collects, queries, consumes organizational data to uncover patterns, provide insights for strategic business decision making

Question 33

key skills of data analysts

Answer 33

understand math, statistics, and coding skills to work with data and business area subject matter expertise

Question 34

data scientist

Answer 34

extracts knowledge from data by performing statistical analysis, data mining, and advanced analytics on big data to identify trends, market changes/relevant information

Question 35

descriptive analytics

Answer 35

describes past performance/history

Question 36

diagnostic analytics

Answer 36

examines data/content to answer "why did it happen"

Question 37

predictive analytics

Answer 37

techniques that extract information to predict trends/identify behavioral patterns

Question 38

prescriptive analytics

Answer 38

creates models indicating best decision to make/action to take

Question 39

systems thinking and MIS

Answer 39

knowledge is isolated if common departments work independently/use separate systems

Question 40

MIS solution

Answer 40

business decisions made together, integrated processes, common database for information, common departments work dependently, data democratization

Question 41

Systems thinking

Answer 41

way of monitoring entire system by viewing multiple inputs being processed/transformed to produce outputs

Question 42

management information systems (MIS)

Answer 42

business function (ex: accounting) which moves information about people, products, processes across company to facilitate decision making/problem solving

Question 43

components of MIS

Answer 43

people, data, processes, technology, management

Question 44

CSO

Answer 44

ensures safety of business systems/safeguards against hackers/virus

Question 45

CTO

Answer 45

ensures speed, accuracy, availability, reliability of MIS

Question 46

CPO

Answer 46

ensures ethical, legal use of information

Question 47

CIO

Answer 47

oversees use of MIS and ensures MIS aligns with business goals and objectives

Question 48

CKO

Answer 48

collecting, maintaining, distributing company knowledge