100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
OMIS 472 Midterm Exam Question and answers correctly solved $13.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. OMIS
  4.  
  5. OMIS

Exam (elaborations)

OMIS 472 Midterm Exam Question and answers correctly solved

 5 views  0 purchase
  • Course
  • OMIS
  • Institution
  • OMIS

OMIS 472 Midterm Exam Question and answers correctly solved OMIS 472 Midterm Exam Data = - correct answer -raw figures -metadata Information = - correct answer With context data become information, reveals relationships between entities (What?) Knowledge = - correct answer With a...

[Show more]

Preview 2 out of 9  pages

Document information

  • November 6, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • OMIS
  • OMIS

Seller

avatar-seller
Academia199

Reviews received

Content preview

OMIS 472 Midterm Exam
Data = - 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

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Academia199. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart