Exam (elaborations)
OMIS 472 Midterm Exam questions with verified answers
- Course
- Institution
OMIS 472 Midterm Exam questions with verified answers
[Show more]
Content preview
OMIS 472 Midterm ExamData = - correct answer ✔✔-raw figures
-metadata
Information = - correct answer ✔✔With context data become information, reveals relationships
between entities (What?)
Knowledge = - correct answer ✔✔With added meaning, reveals trends and patterns (Why?)
Wisdom = - correct answer ✔✔reveals ideas, principles, biases, insights over time (What could happen?)
Decision= - correct answer ✔✔course of action, implementation, monitoring, correction (What should
we do?)
Data Analytics is a process that involves: - correct answer ✔✔-identifying the problem
-gathering relevant data that frequently are not in a usable form
-cleaning up the data to make them usable
-loading them into data storage models
-manipulating them to discover information that leads to actionable insights
-making decisions based on those insights
Data Science = - correct answer ✔✔the intersection of computer science, statistics and domain
knowledge
Business Intelligence: - correct answer ✔✔focuses primarily on business data, financial data, and
marketing data to gain business value, customer loyalty, and other benefits
Applications of Analytics: - correct answer ✔✔-Retail
, -Manufacturing (demand forecasting)
-Marketing
-Supply Chain
-Customer Service/Help desk
-Forecasting & Budgeting
-Audit
-Government
-Utilities
-Sports
Structured Data = - correct answer ✔✔computer-readable and usable
Structured Data examples: - correct answer ✔✔-Flat files
-spreadsheets
-data sourced from databases
T or F: Structured data are based on data models and therefore contain metadata to provide a
predetermined structure and meaning - correct answer ✔✔True
Unstructured Data = - correct answer ✔✔they do not conform to data models and associated metadata
Unstructured Data Examples: - correct answer ✔✔-pictures
-audio recordings
-videos
-blocks of text (most common)
What does OLTP stand for? - correct answer ✔✔Online Transaction Processing
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78310 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now