Module 5 Flashcards
How do we manage data?
Through complex and powerful information systems
SAP Enterprise Resource Planning (ERP) system is the world’s most popular
What are databases?
Structuring data
Database management system - manages access and usage of all users to all data
What do databases minimize?
Data redundancy
Data isolation
Data inconsistency
What do database management systems maximize?
Data security
Data integrity
Data independence
What is Big Data?
Data is being collected at an increasingly rapid pace from many sources
New types of data are being collected
Organizations and individuals must process that data
Worldwide, reports show that data is increasing by 50% per year
Big Data = data so large and complex it cannot be managed by traditional systems
What is the most common data warehouse?
The central enterprise data warehouse
What are independent data marts?
They store data for a single or a few applications, such as marketing or finance
What is hub and spoke?
It stores data in a central data warehouse while simultaneously maintaining dependent data marts that obtain their data from the central repository.
What is knowledge management?
It is a process that helps organizations manipulate important knowledge that is part of the organizations memory
What is knowledge?
Information that is contextual, relevant, and useful, developed with the assistance of expertise, also known as intellectual capital (or intellectual assets)
What is explicit knowledge?
Objective, rational, technical knowledge that has been documented
What is tacit knowledge?
Cumulative store of subjective or experiential learning
What are the difficulties in managing data?
Amount of data increases exponentially over time
Data are scattered throughout organizations
Data obtained from multiple internal and external sources
Data degrade over time
Data subject to media rot
Data security, quality, and integrity are critical yet easily jeopardized
Information systems that do not communicate with each other can result in inconsistent data
Federal regulations require corporations to account for how their data are managed
What is Data Governance?
It is an approach to managing information across an entire organization
Uses Master Data Management
What does Data Governance provide control over?
It provides control over Master Data and Transaction Data
What is the database approach?
Database is arranged so that one set of software programs - the database management system - provides all users with access to all data
What does database minimize?
Data redundancy: the same data are stored in many places
Data isolation: applications cannot access data associated with other applications
Data inconsistency: various copies of the data do not agree
What do database management systems maximize?
Data security: databases must have extremely high security measures in place to deter mistakes and attacks since data is stored in one place
Data integrity: data must meet certain constraints, such as no alphabetic characters in a social insurance number field
Data independence: applications and data are not linked to each other (kept separate or independent by the DBMS that controls access), so that all applications are able to access the same data
What is the data hierarchy?
Bit: (binary digit) represents the smallest unit of data a computer can process
Byte: represents a single character, often often composed of eight bits
Field: a logical grouping of related characters
Record: a logical grouping of related fields
File (or table): a logical grouping of related records
Database: a logical grouping of related files
What do database management systems do?
They create and manage a database
What is the relational database model based on?
On the concept of two-dimensional tables