Intro to Business Information Systems: Ch 8 Flashcards
infographics
representation of information in a graphic format other than make data easily understandable at a glance
data artist
business analytics specialist who uses visual tools to help people understand complex data
analysis paralysis
when user goes into emotional state of overanalyzes so that the decision or action is never taken
business intelligence dashboard
tracks corporate metrics such as CSFs and KPIs and includes advanced capabilities such as interactive controls allowing users to manipulate data for analysis
data visualization
describes technology that allows users to see or visualize data to transform information into a business perspective
consolidation
aggregation of data from simple rollups to complex groupings of interrelated information
drill down
enables users to view details of information - the reverse of consolidation
slice and dice
ability to look at information from different perspectives
pivot
rotates data to display alternative presentations of data
distributed computing
processes and manages algorithms across many machines in a computing environment
industries that use blockchain
banking, fraud/counterfeit detection, payments, healthcare, legal and smart contracts, supply chain, voting
centralized ledger
one governing party verifies all data and system access
distributed ledger
allows many different parties around the world to access and verify the same data
ledger
records classified and summarized transitional data
blockchain
type of distributed ledger consisting of blocks of blocks of data that maintain permanent and tamperproof records of transactional data
proof of work
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
two goals of proof of work
verify legitimacy of transactions and create new digital currencies by rewarding miners for tasks
bitcoin
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
blocks
data structures containing hash, previous hash, and data
ethereum
decentralized open source block chain with smart contract functionality
genesis block
first block created in the block chain
hash
function that converts input of letters and numbers into encrypted output of a fixed length
proof of stake
way to validate transactions and achieve a distributed consensus
block chain advantages
immutability, digital trust, IoT integration
immutability
ability for a blockchain ledger to remain a permanent indelible, and unalterable history of transactions
digital trust
not stored in a single location, public, easily reverifiable
IoT integration
can automatically update distributed ledger
Non-Fungible Tokens
digital signature backed by blockchain technology that proves ownership
