CIS 3330 Exam 1 Questions And Correct Detailed Answers

Fact - Correct Answers Confirmation or validation of an event or object Information Age - Correct Answers Infinite quantities of facts are widely available to anyone who can use a computer Internet of Things (IOT) - Correct Answers A world where interconnected Internet-enabled devices or "things" have the ability to collect and share data without human intervention Machine-to-Machine (M2M) - Correct Answers Refers to devices that connect directly to other devices Core Drivers of the Information Age - Correct Answers Data Information Business Intelligence Knowledge Data - Correct Answers Raw facts that describe the characteristics of an event object (eg. order date, amount sold, customer number, quantity ordered) Big Data - Correct AnswersA collection of large, complex, datasets, which cannot be analyzed using traditional database methods and tools Variety (Data) - Correct AnswersDifferent forms of structured and unstructured data Veracity (Data) - Correct AnswersThe uncertainty of data, including biases, noise, and abnormalities Volume (Data) - Correct AnswersThe scale of data Velocity (Data) - Correct AnswersThe analysis of streaming data as it travels around the Internet Structured Data - Correct AnswersHas a defined length, type, and format and includes numbers, dates, or strings (eg. customer address format) Machine-Generated Data - Correct AnswersCreated by a machine without human intervention (eg. sensor data, point-of-sale data, web log data) Human-Generated Data - Correct AnswersData that humans, in interaction with computers, generate (eg. input data, clickstream data, gaming data) Unstructured Data - Correct AnswersNot defined and does not follow a specified format and is typically free-form text (eg. emails, tweets, text messages) Machine-Generated Unstructured Data - Correct AnswersIncludes satellite images, scientific atmosphere data, and radar data Human-Generated Unstructured Data - Correct AnswersIncludes text messages, social media data, and emails Snapshot - Correct AnswersA view of data at a particular moment in time Information - Correct AnswersData converted into a meaningful and useful context Report - Correct AnswersA document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information Static Report - Correct AnswersCreated once based on data that does not change Dynamic Report - Correct AnswersChanges automatically during creation Variable - Correct AnswersA data characteristic that stands for a value that changes or varies over time Business Intelligence (BI) - Correct AnswersInformation collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making. Data Analyst - Correct AnswersCollects, queries, and consumers organizational data to uncover patterns and provide insights for strategic business decision making Analytics - Correct AnswersThe science of fact-based decision making Business Analytics - Correct AnswersScientific process of transforming data into insight for making better decisions Data Scientist - Correct AnswersExtracts knowledge from data by performing statistical analysis, data mining, and advanced analytics on big data to identify trends, market changes, and other relevant information Descriptive Analytics - Correct AnswersDescribes part performance and history Diagnostic Analytics - Correct AnswersExamines data or content to answer the questions, "Why did it happen?" Predictive Analytics - Correct AnswersExtracts information from data and uses it to predict future trends and identify behavioral patterns Prescriptive Analytics - Correct AnswersCreates models including the best decision to make or course of action to take Algorithms - Correct AnswersMathematical formulas placed in software that performs an analysis on a dataset Anomaly Detection - Correct AnswersProcess of identifying rare or unexpected items or events in a dataset that do not conform to other items in a dataset Outlier - Correct AnswersData value that is numerically distant from most of the other data points in a dataset Knowledge - Correct AnswersIncludes skills, experience, and expertise, coupled with information and intelligence, that create a person's intellectual resources Knowledge Workers - Correct AnswersIndividuals valued for their ability to interpret and analyze information Knowledge Assets - Correct AnswersThe human, structural, and recorded resources available to the organization Knowledge Facilitators - Correct AnswersHelp harness the wealth of knowledge in the organization Business Unit - Correct AnswersSegment of a company representing a specific business functiion Accounting - Correct AnswersRecords, measures, and reports monetary transactions Finance - Correct AnswersDeals with strategic financial issues, including money, banking, credit, investments, and assets Human Resources - Correct AnswersMaintains policies, plans, and procedures for the effective management of employees Marketing - Correct AnswersSupports sales by planning, pricing, and promoting goods or services Operations Management - Correct AnswersManages the process of converting or transforming sources into goods or services Sales - Correct AnswersPerforms the function of selling goods or services Data Silo - Correct AnswersOccurs when one business unit is unable to freely communicate with other business units, making it difficult or impossible for organizations to work cross-functionally Data Democratization - Correct AnswersThe ability for data to be collected, analyzed, and accessible to all users System - Correct AnswersCollection of parts that link to achieve a common purpose Goods - Correct AnswersMaterial items or products that customers will buy to satisfy a want or need (eg. cars, clothing, groceries) Services - Correct AnswersTasks people perform that customers will buy to satisfy a want or need (eg. teaching, waiting tables, cutting hair) Production - Correct AnswersProcess where a business takes raw materials and processes them or converts them into a finished product for its goods or services Productivity - Correct AnswersThe rate at which goods and services are produced based on total output given total inputs Systems Thinking - Correct AnswersA way of monitoring the entire system by viewing multiple inputs being processed or transformed to product outputs while continuously gathering feedback on each part Feedback - Correct AnswersInformation that returns to its original transmitter and modifies the transmitter's actions Management Information Systems (MIS) - Correct AnswersA business function, like accounting and human resources, which moves information about people, products, and processes across the company to facilitate decision-making and problem-solving Chief Information Officer (CIO) - Correct AnswersResponsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives Chief Data Officer (CDO) - Correct AnswersResponsible for determining the types of information the enterprise will capture, retain, analyze, and share Chief Technology Officer (CTO) - Correct AnswersResponsible for ensuring the speed, accuracy, availability, and reliability of the MIS Chief Security Officer (CSO) - Correct AnswersResponsible for ensuring the security of business systems and developing strategies and safeguards against attacks by hackers and viruses Chief Privacy Officer (CPO) - Correct AnswersResponsible for ensure the ethical and legal use of information within a company Chief Knowledge Officer (CKO) - Correct AnswersResponsible for collecting, maintainin