Vocabulary 4

Question 1

Enterprise Resource Planning (ERP)

Answer 1

A tightly integrated software used to automate back office functions in a single management information system; ERP software processes and stores data so that all: departments, functions, regions, business units can share information

Question 2

Enterprise Applications

Answer 2

Large & complex systems that serve multiple mission-critical business needs

Question 3

Supply Chain Management (SCM)

Answer 3

The management of the flow of goods and services. It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption

Question 4

Blockchain

Answer 4

Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved

Question 5

Machine Learning

Answer 5

Machine learning is the study of computer algorithms that can improve automatically through experience and by the use of data. It is seen as a part of artificial intelligence

Question 6

Cloud Infrastructure

Answer 6

The delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence over the Internet

Question 7

Globalization

Answer 7

A process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology

Question 8

Big Data

Answer 8

A field that treats ways to analyze, systematically extract information from, or otherwise deal with data sets that are too large or complex to be dealt with by traditional data-processing application software

Question 9

Database Architecture

Answer 9

Composed of models, policies, rules or standards that govern which data is collected, and how it is stored, arranged, integrated, and put to use in data systems and in organizations

Question 10

Scalability

Answer 10

The measure of a system’s ability to increase or decrease in performance and cost in response to changes in application and system processing demands