Part 2: Types of Info Systems, 2.1 Data Visualization Flashcards
1
Q
Big Data
A
Large volumes of data:
- Can be analyzed to predict customer behaviour
- Improve business processes
- Find hidden patterns
2
Q
Business Intelligence
A
Focused on metrics:
Measure past performance & guide business planning
Based on querying & reporting on organizational data
- What happened?
- How often?
- What are the required actions?
3
Q
Business Analytic’s
A
Exploring & Analyzing internal and external data:
- Improve decision making
- New insights
- Understand business performance
- “Will trends continue” ? & predicts what will happen next . . .
4
Q
Sources of Non-Financial Information
A
Web & location-based support
ie. Google maps
Social Media
5
Q
Associative Information
A
How preferences between unconnected items can be mined to determine likes/dislikes
Amazon uses this to show similar items
People can “tag” social media posts