B us 110 – Midter m exam question s
w ith com plete ver ifi ed solu tion s 2025
Information age
The present time, during which infinite quantities of facts are widely available to
anyone who can use a computer
Internet of Things (IoT)
A world where interconnected Internet-enabled devices or "things" have the
ability to collect and share data without human intervention
Machine-to-Machine (M2M)
Refers to devices that connect directly to other devices
The core drivers of the information age
Data
Information
Business intelligence
Knowledge
Data
Raw facts that describe the characteristics of an event or object
Structured data
Data stored in a traditional system such as a relational database or spreadsheet
Unstructured data
Data Not defined and does not follow a specified format
Big Data
, A collection of large, complex data sets, including structured and unstructured
data, which cannot be analyzed using traditional database methods and tools
Snapshot
A view of data at a particular point in time
Characteristics of Big Data
variety, veracity, volume, velocity
information
Data converted into a meaningful and useful context
Business Intelligence (BI)
Information collected from multiple sources such as suppliers, customers,
competitors, partners, and industries that analyzes patterns, trends, and
relationships for strategic decision making
Analytics
The science of fact-based decision making
Descriptive analytics
Techniques that describes part performance and history
Predictive analytics
Techniques that extract information from data and uses it to predict future trends
and identify behavioral patterns
Prescriptive analytics
Techniques that create models including the best decision to make or course of
action to take
examples of business intelligence
Behavioral analysis
Correlation analysis
w ith com plete ver ifi ed solu tion s 2025
Information age
The present time, during which infinite quantities of facts are widely available to
anyone who can use a computer
Internet of Things (IoT)
A world where interconnected Internet-enabled devices or "things" have the
ability to collect and share data without human intervention
Machine-to-Machine (M2M)
Refers to devices that connect directly to other devices
The core drivers of the information age
Data
Information
Business intelligence
Knowledge
Data
Raw facts that describe the characteristics of an event or object
Structured data
Data stored in a traditional system such as a relational database or spreadsheet
Unstructured data
Data Not defined and does not follow a specified format
Big Data
, A collection of large, complex data sets, including structured and unstructured
data, which cannot be analyzed using traditional database methods and tools
Snapshot
A view of data at a particular point in time
Characteristics of Big Data
variety, veracity, volume, velocity
information
Data converted into a meaningful and useful context
Business Intelligence (BI)
Information collected from multiple sources such as suppliers, customers,
competitors, partners, and industries that analyzes patterns, trends, and
relationships for strategic decision making
Analytics
The science of fact-based decision making
Descriptive analytics
Techniques that describes part performance and history
Predictive analytics
Techniques that extract information from data and uses it to predict future trends
and identify behavioral patterns
Prescriptive analytics
Techniques that create models including the best decision to make or course of
action to take
examples of business intelligence
Behavioral analysis
Correlation analysis
