ISOM 210- Chapter 1 Terms Exam Questions With
Complete Answers
fact - ANSWER the confirmation or validation of an event or object
information age - ANSWER the present time, during which infinite quantities of facts are
widely available to anyone who can use a computer
the Internet of Things (IoT) - ANSWER a world in which interconnected, Internet-enabled
devices, or "things", can collect and share data without human intervention
machine to machine (m2m) - ANSWER devices that connect directly to other devices
data - ANSWER raw facts and figures that describe the characteristics of an object or
event
Before the information age, managers manually collected and analyzed data, a
time-consuming and complicated task without which they would have little insight into
how to run their business
information - ANSWER data converted into a meaningful and useful context
variable - ANSWER a data characteristic that stands for a value that changes or varies
over time
Business Intelligence (BI) - ANSWER information collected from multiple sources such
as suppliers, customers, competitors, partners, and industries that analyzes patterns,
trends, and relationships for strategic decision making
predictive analytics - ANSWER extracts information from data and uses it to predict
Complete Answers
fact - ANSWER the confirmation or validation of an event or object
information age - ANSWER the present time, during which infinite quantities of facts are
widely available to anyone who can use a computer
the Internet of Things (IoT) - ANSWER a world in which interconnected, Internet-enabled
devices, or "things", can collect and share data without human intervention
machine to machine (m2m) - ANSWER devices that connect directly to other devices
data - ANSWER raw facts and figures that describe the characteristics of an object or
event
Before the information age, managers manually collected and analyzed data, a
time-consuming and complicated task without which they would have little insight into
how to run their business
information - ANSWER data converted into a meaningful and useful context
variable - ANSWER a data characteristic that stands for a value that changes or varies
over time
Business Intelligence (BI) - ANSWER information collected from multiple sources such
as suppliers, customers, competitors, partners, and industries that analyzes patterns,
trends, and relationships for strategic decision making
predictive analytics - ANSWER extracts information from data and uses it to predict
