ISTM 209 EXAM 1 & 2 QUESTIONS AND ANSWER
What is a way of monitoring the entire system by viewing multiple inputs being
processed or transformed to produce outputs while continuously gathering feedback on
each part? - Answers - Systems Thinking
Fact - Answers - the confirmation or validation of an event or object.
What is the Information Age? - Answers - When infinite quantities of facts are widely
available to anyone who can use a computer.
What is the Internet of Things? - 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) - Answers - Devices that connect directly to other devices.
Data - Answers - Raw facts that describe the characteristics of an event or object.
Structured Data - Answers - has a defined length, type, and format and includes
numbers, dates, strings such as Customer Address. Typically stored in a traditional
system such as a relational database or spreadsheet and accounts fro about 20% of the
data that surrounds us.
Machine-generated data - Answers - Is created by a machine without human
intervention. Sensor data, point-of-sale data, and web log data.
Human-generated data - Answers - is data that humans, in interaction with computers,
generate. Input data, click-stream data, or gaming data.
Unstructured data - Answers - is not defined and does not follow a specific format and is
typically free-form text such as emails, Twitter tweets, and text messages. 80% of data
that surrounds us.
Big data - Answers - is a collection of large complex data sets, including structured and
unstructured data, which cannot be analyzed using traditional database methods and
tools.
Snapshot - Answers - a view of data at a particular moment in time.
Information - Answers - is data converted into a meaningful and useful context.
What is the difference between data and information? - Answers - Machines need data
and Humans need information.
, Report - Answers - a document containing data organized in a table, matrix, or graphical
format allowing users to easily comprehend and understand information.
Static report - Answers - is created once based on data that does not change.
Dynamic report - Answers - changed automatically during creation.
Variable - Answers - a data characteristic that stands for a value that changes or varies
over time.
Business Intelligence - Answers - is information collected from multiple sources such as
suppliers, customers, competitors, partners, and industries that analyzes patterns,
trends, and relationships for strategic decision making.
Analytics - Answers - is the science of fact-based decision making.
Business analytics - Answers - is the scientific process of transforming data into insight
for making better decisions.
Descriptive Analytics - Answers - uses techniques that describe past performance and
history.
Predictive analytics - Answers - uses techniques that extract information from data and
us it to predict future trends and identify behavioral patterns.
Prescriptive analytics - Answers - uses techniques that create models indicating the
best decision to make or course of action to take.
Knowledge - Answers - includes the skills, experience, and expertise, coupled with
information and intelligence, that creates a person's intellectual resources.
Knowledge workers - Answers - are individuals valued for their ability to interpret and
analyze information.
Knowledge assets - Answers - Intellectual capital, are the human, structural and
recorded resources available to the organization.
Knowledge facilitators - Answers - help harness the wealth of knowledge in the
organization.
Business unit - Answers - is a segment of a company representing a specific business
function.
What are the 6 business units? - Answers - Accounting, Finance, Human resources,
Marketing, Operations management, Sales.
What is a way of monitoring the entire system by viewing multiple inputs being
processed or transformed to produce outputs while continuously gathering feedback on
each part? - Answers - Systems Thinking
Fact - Answers - the confirmation or validation of an event or object.
What is the Information Age? - Answers - When infinite quantities of facts are widely
available to anyone who can use a computer.
What is the Internet of Things? - 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) - Answers - Devices that connect directly to other devices.
Data - Answers - Raw facts that describe the characteristics of an event or object.
Structured Data - Answers - has a defined length, type, and format and includes
numbers, dates, strings such as Customer Address. Typically stored in a traditional
system such as a relational database or spreadsheet and accounts fro about 20% of the
data that surrounds us.
Machine-generated data - Answers - Is created by a machine without human
intervention. Sensor data, point-of-sale data, and web log data.
Human-generated data - Answers - is data that humans, in interaction with computers,
generate. Input data, click-stream data, or gaming data.
Unstructured data - Answers - is not defined and does not follow a specific format and is
typically free-form text such as emails, Twitter tweets, and text messages. 80% of data
that surrounds us.
Big data - Answers - is a collection of large complex data sets, including structured and
unstructured data, which cannot be analyzed using traditional database methods and
tools.
Snapshot - Answers - a view of data at a particular moment in time.
Information - Answers - is data converted into a meaningful and useful context.
What is the difference between data and information? - Answers - Machines need data
and Humans need information.
, Report - Answers - a document containing data organized in a table, matrix, or graphical
format allowing users to easily comprehend and understand information.
Static report - Answers - is created once based on data that does not change.
Dynamic report - Answers - changed automatically during creation.
Variable - Answers - a data characteristic that stands for a value that changes or varies
over time.
Business Intelligence - Answers - is information collected from multiple sources such as
suppliers, customers, competitors, partners, and industries that analyzes patterns,
trends, and relationships for strategic decision making.
Analytics - Answers - is the science of fact-based decision making.
Business analytics - Answers - is the scientific process of transforming data into insight
for making better decisions.
Descriptive Analytics - Answers - uses techniques that describe past performance and
history.
Predictive analytics - Answers - uses techniques that extract information from data and
us it to predict future trends and identify behavioral patterns.
Prescriptive analytics - Answers - uses techniques that create models indicating the
best decision to make or course of action to take.
Knowledge - Answers - includes the skills, experience, and expertise, coupled with
information and intelligence, that creates a person's intellectual resources.
Knowledge workers - Answers - are individuals valued for their ability to interpret and
analyze information.
Knowledge assets - Answers - Intellectual capital, are the human, structural and
recorded resources available to the organization.
Knowledge facilitators - Answers - help harness the wealth of knowledge in the
organization.
Business unit - Answers - is a segment of a company representing a specific business
function.
What are the 6 business units? - Answers - Accounting, Finance, Human resources,
Marketing, Operations management, Sales.
