Strategies for information

Question 1

What are the benefits of a proposed information system?

Answer 1

Increased revenue- marketing and analytical data can help
Cost reduction- automated production
Enhanced service- improved reliability
Improved decisions- aid forecasting

Question 2

What are the stages when developing and implementing a new information system?

Answer 2

Analysis - Identify needs
Design - design for needs
Programming- specifications
Testing- ensure needs met
Conversion - migrate existing data
Implementation - Training & maintenance

Question 3

What is data analytics?

Answer 3

The process of collecting, organising and analysing large sets of data to discover patterns for future decisions

Question 4

What are the key features of Big Data?

Answer 4

Volume - amount of data
Velocity - speed of the data
Variety - various formats
Veracity - reliability

Question 5

Barriers and limitations of Big Data

Answer 5

Data overload
Ability to verify data
Representative data
Shortage of talent to analyse data
Fear of cyber attack
Legal and regulatory compliance

Question 6

What is explicit and tacit knowledge

Answer 6

Explocit - company already knows it has
Tacit- personal knowledge held by experts, not formally documented

Question 7

What are some cyber security threats?

Answer 7

Human threats
Fraud
Deliberate sabotage
Viruses and other corruptions
Denial of service- result in frustrated customers

Question 8

What are risk management procedures for cyber security?

Answer 8

Ensuring system development and maintenance
Back-up servers
Acces controls, data encryption, firewalls
Hire individuals with specialist skills