Intro to Business Information Systems: Ch 8

Question 1

infographics

Answer 1

representation of information in a graphic format other than make data easily understandable at a glance

Question 2

data artist

Answer 2

business analytics specialist who uses visual tools to help people understand complex data

Question 3

analysis paralysis

Answer 3

when user goes into emotional state of overanalyzes so that the decision or action is never taken

Question 4

business intelligence dashboard

Answer 4

tracks corporate metrics such as CSFs and KPIs and includes advanced capabilities such as interactive controls allowing users to manipulate data for analysis

Question 5

data visualization

Answer 5

describes technology that allows users to see or visualize data to transform information into a business perspective

Question 6

consolidation

Answer 6

aggregation of data from simple rollups to complex groupings of interrelated information

Question 7

drill down

Answer 7

enables users to view details of information - the reverse of consolidation

Question 8

slice and dice

Answer 8

ability to look at information from different perspectives

Question 9

pivot

Answer 9

rotates data to display alternative presentations of data

Question 10

distributed computing

Answer 10

processes and manages algorithms across many machines in a computing environment

Question 11

industries that use blockchain

Answer 11

banking, fraud/counterfeit detection, payments, healthcare, legal and smart contracts, supply chain, voting

Question 12

centralized ledger

Answer 12

one governing party verifies all data and system access

Question 13

distributed ledger

Answer 13

allows many different parties around the world to access and verify the same data

Question 14

ledger

Answer 14

records classified and summarized transitional data

Question 15

blockchain

Answer 15

type of distributed ledger consisting of blocks of blocks of data that maintain permanent and tamperproof records of transactional data

Question 16

proof of work

Answer 16

requirement to define expensive computer calculation (aka mining) that needs to be performed to create a new group of crustless transactions (blocks) on the distributed ledger or blockchain

Question 17

two goals of proof of work

Answer 17

verify legitimacy of transactions and create new digital currencies by rewarding miners for tasks

Question 18

bitcoin

Answer 18

type of digital currency in which record of transactions is maintained and new units of currency are generated by the computational solution of problems and it operates independent of a central bank

Question 19

blocks

Answer 19

data structures containing hash, previous hash, and data

Question 20

ethereum

Answer 20

decentralized open source block chain with smart contract functionality

Question 21

genesis block

Answer 21

first block created in the block chain

Question 22

hash

Answer 22

function that converts input of letters and numbers into encrypted output of a fixed length

Question 23

proof of stake

Answer 23

way to validate transactions and achieve a distributed consensus

Question 24

block chain advantages

Answer 24

immutability, digital trust, IoT integration

Question 25

immutability

Answer 25

ability for a blockchain ledger to remain a permanent indelible, and unalterable history of transactions

Question 26

digital trust

Answer 26

not stored in a single location, public, easily reverifiable

Question 27

IoT integration

Answer 27

can automatically update distributed ledger

Question 28

Non-Fungible Tokens

Answer 28

digital signature backed by blockchain technology that proves ownership