BCOR 2205 Final Exam Review 2023 with complete
solution
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
Raw facts that describe the characteristics of an event or object.
Information
Data converted into a meaningful and useful context.
I.E. Best selling product, best customer
Business Intelligence
Information collected from multiple sources that analyze patterns, trends, and
relationships for strategic goals and decision making
I.E. Lowest sales per week, best-selling product by month.
Knowledge
The skills, experience, and expertise, coupled with information and intelligence, that
create a person's intellectual resources.
I.E. Choosing not to fire a sales rep who is underperforming.
Big Data
A collection of large, complex data sets, including structured and unstructured data,
which cannot be analyzed using traditional database methods and tools.
Volume
Scale of data. Includes enormous volumes of data generated daily.
Velocity
Analysis of streaming data.
Variety
Different forms of structured or unstructured data. Data from spreadsheets, email,
video, etc.
Veracity
Uncertainty of data, including biases, noise, and abnormalities. Uncertainty or
untrustworthiness of data.
Analytics
The science of fact-based decision making.
Business Analytics
The scientific process of transforming data into insight for making better decisions.
Data Mining
The process of analyzing data to extract information onto offered by the raw data alone.
Estimation Analysis
Determines values for unknown continuous variable behavior or estimated future value.
Affinity Grouping Analysis
, Reveals the relationship between variables along with the nature and frequency of
relationships
Cluster Analysis
a technique used to divide an information set into mutually exclusive groups such that
the members of each group are as close together as possible to one another and the
different groups are as far apart as possible.
Classification Analysis
The process of organizing data into categories or groups for its most effective and
efficient use
Optimization Model
A statistical process that finds the way to make a design, system, or decision as
effective as possible.
Forecasting Model
Time-series information is time-stamped information collected at a particular frequency.
Forecasts are predictions based on time-series information allowing users to manipulate
the time series for forecasting activities.
Regression Model
A statistical process for estimating the relationships among variables.
Content Sharing Through Open Sourcing
Nonproprietary hardware and software based on publicly known standards that allows
third parties to create add-on products to plug into or interoperate with the system.
User-Contributed Content
Content created and updated by many users for many users.
Collaboration Inside the Organization
Tools that support the work of teams or groups by facilitating the sharing and flow of
information.
Collaboration Outside the Organization
Collective intelligence is greater than the sum of its individual parts. Crowdsourcing and
crowdfunding are tools for this collaboration.
The Cloud
Stores, manages, and processes data and applications over the Internet rather than on
a personal computer or server.
Blog
An online journal that allows users to post their own comments, graphics, and video.
Wiki
A collaborative website that allows users to add, remove, and change content.
Mashup
Content from more than one source to crate a new product or service.
Videoconference
Allows people at two or more locations to interact via two-way video and audio
transmissions simultaneously as well as share documents, data, computer displays, and
whiteboards.
Web Conferencing
Blends audio, video, and document-sharing technologies to deliver a presentation over
the web to a group of geographically dispersed participants.
Local Area Network (LAN)
solution
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
Raw facts that describe the characteristics of an event or object.
Information
Data converted into a meaningful and useful context.
I.E. Best selling product, best customer
Business Intelligence
Information collected from multiple sources that analyze patterns, trends, and
relationships for strategic goals and decision making
I.E. Lowest sales per week, best-selling product by month.
Knowledge
The skills, experience, and expertise, coupled with information and intelligence, that
create a person's intellectual resources.
I.E. Choosing not to fire a sales rep who is underperforming.
Big Data
A collection of large, complex data sets, including structured and unstructured data,
which cannot be analyzed using traditional database methods and tools.
Volume
Scale of data. Includes enormous volumes of data generated daily.
Velocity
Analysis of streaming data.
Variety
Different forms of structured or unstructured data. Data from spreadsheets, email,
video, etc.
Veracity
Uncertainty of data, including biases, noise, and abnormalities. Uncertainty or
untrustworthiness of data.
Analytics
The science of fact-based decision making.
Business Analytics
The scientific process of transforming data into insight for making better decisions.
Data Mining
The process of analyzing data to extract information onto offered by the raw data alone.
Estimation Analysis
Determines values for unknown continuous variable behavior or estimated future value.
Affinity Grouping Analysis
, Reveals the relationship between variables along with the nature and frequency of
relationships
Cluster Analysis
a technique used to divide an information set into mutually exclusive groups such that
the members of each group are as close together as possible to one another and the
different groups are as far apart as possible.
Classification Analysis
The process of organizing data into categories or groups for its most effective and
efficient use
Optimization Model
A statistical process that finds the way to make a design, system, or decision as
effective as possible.
Forecasting Model
Time-series information is time-stamped information collected at a particular frequency.
Forecasts are predictions based on time-series information allowing users to manipulate
the time series for forecasting activities.
Regression Model
A statistical process for estimating the relationships among variables.
Content Sharing Through Open Sourcing
Nonproprietary hardware and software based on publicly known standards that allows
third parties to create add-on products to plug into or interoperate with the system.
User-Contributed Content
Content created and updated by many users for many users.
Collaboration Inside the Organization
Tools that support the work of teams or groups by facilitating the sharing and flow of
information.
Collaboration Outside the Organization
Collective intelligence is greater than the sum of its individual parts. Crowdsourcing and
crowdfunding are tools for this collaboration.
The Cloud
Stores, manages, and processes data and applications over the Internet rather than on
a personal computer or server.
Blog
An online journal that allows users to post their own comments, graphics, and video.
Wiki
A collaborative website that allows users to add, remove, and change content.
Mashup
Content from more than one source to crate a new product or service.
Videoconference
Allows people at two or more locations to interact via two-way video and audio
transmissions simultaneously as well as share documents, data, computer displays, and
whiteboards.
Web Conferencing
Blends audio, video, and document-sharing technologies to deliver a presentation over
the web to a group of geographically dispersed participants.
Local Area Network (LAN)
