ISM 3011 LECTURE QUIZ 1 QUESTIONS AND
ANSWERS
fact - Answers - the confirmation or validation of an event or object
Information Age - Answers - The present time, during which infinite quantities of facts
are widely available to anyone who can use a computer
A bit - Answers - binary digit; smallest unit of storage
8 bits equals - Answers - 1 byte
a byte is big enough to store - Answers - a letter, number, space, or symbol
IoT - Answers - Internet of Things; transforms our world into a living information system
a Fundamental role of all business managers is to be able to - Answers - take the data
and analyze it to find information to make great business decisions.
Data - Answers - raw facts that describe the characteristics of an event or object; not
shaped or processed or analyzed.
The Bridge between computer side or human side - Answers - data
Instructions for human side - Answers - Procedures
Instructions for computer side - Answers - software
The actors for human side
the actors for computer side - Answers - people
hardware
computer side - Answers - hardware and software
human side - Answers - procedure and people
Big Data - Answers - a collection of large, complex data sets, including structured and
unstructured data, which cannot be analyzed using traditional database methods and
tools. Patterns, trends, anomalies, gaining insights into data in new ways
information - Answers - Data converted into a meaningful and useful context to
analyzed data
,Business Intelligence - Answers - Information collected from multiple sources that
analyzes patterns, trends, and relationships for strategic decision making
Example of Data - Answers - order date, amount sold, customer number, quantity sold,
quantity ordered
examples of information - Answers - best-selling product, best customer, worst-selling
product, worst customer
examples of business intelligence - Answers - lowest sales per week compared with the
economic interest rates, best-selling product by month compared to sports season and
city team wins and losses
knowledge - Answers - Skills, experience, and expertise coupled with information and
intelligence that creates a person's intellectual resources
Examples of Knowledge - Answers - - Choosing not to fire a sales representative who is
underperforming knowing that person is experiencing family problems.
- Listing products that are about to expire first on the menu or creating them as a daily
special to move the product
Four Common Characteristics of Big Data - Answers - variety, veracity, volume, velocity
Variety - Answers - Different forms of structured and unstructured data
Data from spreadsheets and databases as well as from email, videos, photos, and
PDFs, all of which must be analyzed
veracity (book) - Answers - Data clean and implement processes to keep dirty data
accumulating in systems. Trustworthiness of data. Meaningful to problem being
analyzed.
Volume - Answers - Scale of data.
Massive volumes created by machines and networks. generated daily. Big data tools
necessary to analyze.
veracity (pp) - Answers - uncertainty of data, including biases, noise, abnormalities
Velocity - Answers - the analysis of streaming data as it travels around the internet
structured data - Answers - Length, type, format including numbers, dates, strings of
information. Stored in traditional system. Accounts for 20% of data
Machine-generated data - Answers - created by a machine without human intervention
Sources of structured data - Answers - machine generated data and human generated
data
, 20 percent of data that surrounds us is - Answers - structured
Examples of machine-generated data - Answers - sensor data, point-of-sale data, web
log data
Human-generated (structured) data - Answers - data that humans, in interaction with
computers, generate
Examples of human-generated (structured) data - Answers - Clickstream data, gaming
data, input data
Examples of structured data - Answers - sensor data
weblog data
financial data
click-stream data
point of sale data
accounting data
unstructured data - Answers - Not defined and does not follow a specified format
Machine-generated unstructured data - Answers - satellite images, scientific
atmosphere data, and radar data
Human-generated unstructured data - Answers - text messages, social media data, and
emails
examples of unstructured data - Answers - satellite images, photographic data, video
data, social media data, text message, voice mail data
computer - Answers - a programmable machine that responds to a specific set of
instructions. Consists of hardware (machinery) and software (programs)
snapshot - Answers - a view of data at a particular moment in time
Information - Answers - Data converted into a meaningful and useful context
First computers were - Answers - enormous, slow machines designed to solve
complicated mathematical problems.
Built in 1954, - Answers - ENIAC (electronic numerical integrator and computer) first
digital computer.
profit - Answers - Sales - cost
ANSWERS
fact - Answers - the confirmation or validation of an event or object
Information Age - Answers - The present time, during which infinite quantities of facts
are widely available to anyone who can use a computer
A bit - Answers - binary digit; smallest unit of storage
8 bits equals - Answers - 1 byte
a byte is big enough to store - Answers - a letter, number, space, or symbol
IoT - Answers - Internet of Things; transforms our world into a living information system
a Fundamental role of all business managers is to be able to - Answers - take the data
and analyze it to find information to make great business decisions.
Data - Answers - raw facts that describe the characteristics of an event or object; not
shaped or processed or analyzed.
The Bridge between computer side or human side - Answers - data
Instructions for human side - Answers - Procedures
Instructions for computer side - Answers - software
The actors for human side
the actors for computer side - Answers - people
hardware
computer side - Answers - hardware and software
human side - Answers - procedure and people
Big Data - Answers - a collection of large, complex data sets, including structured and
unstructured data, which cannot be analyzed using traditional database methods and
tools. Patterns, trends, anomalies, gaining insights into data in new ways
information - Answers - Data converted into a meaningful and useful context to
analyzed data
,Business Intelligence - Answers - Information collected from multiple sources that
analyzes patterns, trends, and relationships for strategic decision making
Example of Data - Answers - order date, amount sold, customer number, quantity sold,
quantity ordered
examples of information - Answers - best-selling product, best customer, worst-selling
product, worst customer
examples of business intelligence - Answers - lowest sales per week compared with the
economic interest rates, best-selling product by month compared to sports season and
city team wins and losses
knowledge - Answers - Skills, experience, and expertise coupled with information and
intelligence that creates a person's intellectual resources
Examples of Knowledge - Answers - - Choosing not to fire a sales representative who is
underperforming knowing that person is experiencing family problems.
- Listing products that are about to expire first on the menu or creating them as a daily
special to move the product
Four Common Characteristics of Big Data - Answers - variety, veracity, volume, velocity
Variety - Answers - Different forms of structured and unstructured data
Data from spreadsheets and databases as well as from email, videos, photos, and
PDFs, all of which must be analyzed
veracity (book) - Answers - Data clean and implement processes to keep dirty data
accumulating in systems. Trustworthiness of data. Meaningful to problem being
analyzed.
Volume - Answers - Scale of data.
Massive volumes created by machines and networks. generated daily. Big data tools
necessary to analyze.
veracity (pp) - Answers - uncertainty of data, including biases, noise, abnormalities
Velocity - Answers - the analysis of streaming data as it travels around the internet
structured data - Answers - Length, type, format including numbers, dates, strings of
information. Stored in traditional system. Accounts for 20% of data
Machine-generated data - Answers - created by a machine without human intervention
Sources of structured data - Answers - machine generated data and human generated
data
, 20 percent of data that surrounds us is - Answers - structured
Examples of machine-generated data - Answers - sensor data, point-of-sale data, web
log data
Human-generated (structured) data - Answers - data that humans, in interaction with
computers, generate
Examples of human-generated (structured) data - Answers - Clickstream data, gaming
data, input data
Examples of structured data - Answers - sensor data
weblog data
financial data
click-stream data
point of sale data
accounting data
unstructured data - Answers - Not defined and does not follow a specified format
Machine-generated unstructured data - Answers - satellite images, scientific
atmosphere data, and radar data
Human-generated unstructured data - Answers - text messages, social media data, and
emails
examples of unstructured data - Answers - satellite images, photographic data, video
data, social media data, text message, voice mail data
computer - Answers - a programmable machine that responds to a specific set of
instructions. Consists of hardware (machinery) and software (programs)
snapshot - Answers - a view of data at a particular moment in time
Information - Answers - Data converted into a meaningful and useful context
First computers were - Answers - enormous, slow machines designed to solve
complicated mathematical problems.
Built in 1954, - Answers - ENIAC (electronic numerical integrator and computer) first
digital computer.
profit - Answers - Sales - cost
