BCOR 2205 Info Mgmt Exam 1 with 100% correct answers

Information Management Application of management techniques to collect information, communicate it within and outside the organization, and process it to enable managers to make quicker and better decisions Automated Machine Learning for Business when implemented properly, makes machine learning accessible to most people because it removes the need for years of experience in data science, math, stats, and computer science skills. Allows for quicker and better decisions 00:02 01:35 Collaboration system A set of tools that support the work of teams or groups by facilitating the sharing and flow of information Collaboration Intelligence Collaborating and tapping into the core knowledge of all employees, partners, and customers Synchronous Communication communications that occur at the same time such as IM or chat Asynchronous Communication communication such as email in which the message and the response do not occur at the same time. Internet of Things (IoT) A world where interconnected Internet-enabled devices or "things" have the ability to collect and share data without human intervention Data vs Information Data = raw facts and figures. Information = meaningful interpretation of data. Data sizes smallest to largest bytes, kilobyte, megabyte, gigabyte, terabyte Big data A collection of large, complex data sets, including structured and unstructured data, which cannot be analyzed using traditional database methods and tools Digital Exhaust the trail of data each person leaves online up to how much faster can google predict the flu than the CDC? 2 weeks What is word birth? the first time a baby / toddler says a new word the 4 Vs of big data Volume, Velocity, Variety, Veracity Volume scale of data Velocity analysis of streaming data, speed of data Variety different forms of data, ie numbers, dates, geospatial, audio etc Veracity uncertainty of data, dirty / untrusted data Structured data Data that can be stored in a traditional system such as a relational database or spreadsheet Unstructured Data that is not defined and does not follow a specified format Data warehouses collections of data from different information systems Business Intelligence Information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making (behavioral analysis, correlation analysis, pattern recognition, text analysis)