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57 Cards in this Set

  • Front
  • Back

DATA

Comprises facts, observations, or perceptions (which may or may not be correct). By itself, it represents raw numbers or assertions, and may therefore be devoid of context, meaning or intent.

2 TYPES OF DATA

1. Quantitative


2. Qualitative

QUANTITATIVE DATA

Data in numerical form and that can run mathematical operations on

QUALITATIVE DATA

Data not in numerical form and could include just text, pictures, videos, observations, sound recordings, etc. Can be represented by numbers; e.g., 1=Male 2=Female

STRUCTURED DATA

Data that are organized in a pre-defined manner or have a "data-model" determine their organization. e.g., data stored in a database table with rows and columns

UNSTRUCTURED DATA

Data that are typically not organized in a pre-defined manner. e.g., emails, word docs, tweets, product reviews, customer service call logs, video, audio, etc.

INFORMATION

A subset of data, only including those data that possess context, relevance, and purpose; typically involves the manipulation of raw data to obtain a more meaningful indication of trends or patterns

KNOWLEDGE

Is justified beliefs about relationships among concepts relevant to that particular area.

2 BROAD TYPES OF KNOWLEDGE RELEVANT TO IS

1. Tacit Knowledge


2. Explicit Knowledge

TACIT KNOWLEDGE

Includes insights, intuitions, and hunches. It is difficult to express and formalizes, and therefore difficult to share. More likely to be personal and based on individual experiences and activities.

EXPLICIT KNOWLEDGE

Typically refers to knowledge that has been expressed into words and numbers. Such knowledge can be shared formally and systematically in the form of data, specifications, manuals, drawings, audio and video tapes, computer programs, patents, and the like

INFORMATION SYSTEMS

Combinations of hardware, software, and telecommunications networks that people build and use to collect, create, and distribute useful data, typically in an organized setting.

INF. SYS. IS A COMBINATION OF THESE 5 ITEMS

1. People


2. Hardware


3. Software


4. Data


5. Telecommunications networks

BUSINESS PROCESSES

The manner in which work is organized, coordinated, and focused to produce a valuable product or service. They are workflows or a set of activities

3 INTER-RELATED WAYS TO USE IS TO ADD VALUE TO AN ORGANIZATION:

1. Automation (operational role of IT)


2. Organizational Learning (process improvement role of IT)


3. Strategic use of IS (strategic role of IT)

IS FOR AUTOMATION

Develop or acquire application software that can turn manual business processes into "computerized" or automated ones so hat tasks can be completed more efficiently

BENEFITS OF AUTOMATION

1. Cheaper


2. Faster


3. More Accurate


4. With Greater Consistency


5. Focus Predominantly on Efficiency

IS FOR ORGANIZATIONAL LEARNING

Helps capitalize on automation efforts

BENEFITS OF ORGANIZATIONAL LEARNING

1. Improve Processes


2. Provide better products and services


3. Improve both efficiency and effectiveness

BUSINESS INTELLIGENCE (BI)

Providing decision makers with valuable information and knowledge by leveraging a variety of sources of data as well as structured and unstructured information

BI PROCESSES UTILIZE:

Data and information as inputs and produce knowledge that enables decision making as output.

DATA WAREHOUSE

a single logical repository for an organization's data

DATA WAREHOUSE DATA IS OBTAINED FROM:

Multiple operational systems such as a point-of-sale system, a customer relationship management system, etc.

ETL TOOLS

Data is combined together using tools to Extract, Transform (to make data consistent), and Load data.

DATA MINING

The process of discovering hidden patterns and large quantities of data stored in electronic form

TYPICAL TYPES OF ANALYSES INCLUDE:

1. Cluster Analysis


2. Anomaly Detection


3. Association Rule Mining

BUSINESS ANALYTICS

The application of statistical analyses, and mathematical modeling or optimization techniques, to business data in order to describe/explain, predict, or improve business performance. Goal is typically to provide practical guidance based on data

DATABASE (DB)

An organized (structured) collection of related data

DATABASE MODEL

A model that determines the logical structure of a database

RELATIONAL DATA MODEL

The most common data model used; specifies that data is structured within tables. 2 or more tables may be related to each other

COLUMNS

Fields or Attributes that describe an entity (person, place, thing, relationships, etc.)

ROWS

Records or Tuples; a set of values across columns that describes a particular instance of an entity

TUPLES

Technical name for an entity

RELATIONAL DATABASE

A database that organizes its data using a relational database model. (Relationships among tables)

PRIMARY KEY

In a database table, it is the column that UNIQUELY identifies each particular row; typically auto-generated or it may be a combination of 2 or more columns that together uniquely identify a row

FOREIGN KEY

A column in one table whose value matches the primary key value in some other table

CHARACTERISTICS OF A FOREIGN KEY

1. It associates one or more rows in one table to a row in the other table


2. A table can have more than on, resulting in this table being related to more than one other table


3. The data type and values must match exactly to the primary key it is associated with

TYPES OF RELATIONSHIPS COMMON IN A RELATIONAL DATABASE

1. One-to-Many


2. Many-to-Many

ONE-to-MANY

One record in a table is associated with one or more records in another table

MANY-to-MANY

Requires a third "junction" table to implement such that the relationship is broken down into two one-to-many relationships

ENTITY RELATIONSHIP DIAGRAMS (ERD)

Diagrams used by database designers to depict entities and the relationships between them

2 COMMON TYPES OF ER MODELS

1. Logical


2. Physical

LOGICAL ER MODEL

Abstract models from a business perspective

PHYSICAL ER MODEL

Detailed models that can be actually used to start creating the database

STANDARD QUERY LANGUAGE (SQL)

A computer language that allows us to "talk" to relational database management systems; vendor neutral; allows us to ask questions to the database

SQL PROVIDES FUNCTIONALITY SUCH AS:

1. Creating tables, users, and assigning user permissions


2. Updating records in tables, deleting records from tables

FORMULAS

User created expressions using cell references, built-in functions or literal values along with operators. They return a numeric text, yes/no, or a date value

FUNCTIONS

Pre-programmed functionalities tha treturn a value based on the type being used

RELATIVE

Cell references that are always interpreted in relation to the local of the cell containing the formula

ABSOLUTE

Cell references in which both the column and row names remain fixed. Uses a $ to "fix"; e.g., $A$2

MIXED

Cell reference containing both relative and absolute references; e.g., $A2 or A$2

A COLON -- :

A range operator; produces one reference to all the cells between the two references, including the two references

A COMMA -- ,

Union operator; combines multiple references in one reference

A SPACE

Intersection operator; produces one reference to cells common to the two references

HORIZONTAL AXIS

Categories axis

VERTICAL AXIS

Values axis

DATA SOURCE

The range of cells that contains the data to display in the chart