ISBA 217 Exam 1 || with 100% Error-free Solutions.
information age correct answers The present time, during which infinite quantities of facts are
widely available to anyone who can use a computer
analytics correct answers the science of fact-based decision making
big data correct answers a collection of large, complex data sets, including structured and
unstructured data, which cannot be analyzed using traditional database methods and tools
business analytics correct answers the scientific process of transforming data into insight for
making better decisions
business intelligence (BI) correct answers Information collected from multiple sources such as
suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and
relationships for strategic decision making
business process correct answers a standardized set of activities that accomplish a specific task,
such as processing a customer's order
business strategy correct answers A leadership plan that achieves a specific set of goals or
objectives
business unit correct answers a segment of a company (such as accounting, production,
marketing) representing a specific business function
buyer power correct answers One of Porter's five forces; measures the ability of buyers to
directly affect the price they are willing to pay for an item.
chief automation officer correct answers determines if a person or business process can be
replaced by a robot or software
Chief Data Officer (CDO) correct answers responsible for determining the types of information
the enterprise will capture, retain, analyze, and share
Chief Information Officer (CIO) correct answers responsible for 1) overseeing all uses of MIS
and 2) ensuring that MIS strategically aligns with business goals and objectives
chief intellectual property officer correct answers manage and defend intellectual property,
copyrights, and patents
Chief Knowledge Officer (CKO) correct answers Responsible for collecting, maintaining, and
distributing the organization's knowledge
chief privacy officer correct answers responsible for ensuring the ethical and legal use of
information within a company
,chief security officer correct answers responsible for ensuring the security of MIS systems and
developing strategies and safeguards against attacks by hackers and viruses
chief sustainability officer correct answers oversees the corporation's "environmental" programs
such as helping adapt to climate change and reducing carbon emissions
Chief Technology Officer (CTO) correct answers Responsible for ensuring the throughput,
speed, accuracy, availability, and reliability for an organization's IT
chief user experience officer correct answers creates the optimal relationship between user and
technology
competitive advantage correct answers a feature of a product or service on which customers
place a greater value than they do on similar offerings from competitors
competitive intelligence correct answers the process of gathering information about the
competitive environment, including competitors' plans, activities, and products, to improve a
company's ability to succeed
data correct answers raw facts that describe the characteristics of an event or object
data analyst correct answers Collects, queries, and consumes organizational data to uncover
patterns and provide insights for strategic business decision making.
data democratization correct answers the ability for information in a digital format to be
accessible to the average end user
data scientist correct answers extracts knowledge from data by performing statistical analysis,
data mining, and advanced analytics on big data to identify trends, market changes, and other
relevant information
data silo correct answers occurs when one business unit is unable to freely communicate with
other business units making it difficult or impossible for organizations to work cross-functionally
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Descriptive Analytics correct answers Analytical techniques that describe past performance and
history
diagnostic analytics correct answers Examines data or content to answer the question, "Why did
it happen?"
digital value chain correct answers Digitizes work across primary and supporting activities.
dynamic report correct answers a report that changes automatically during creation
, entry barrier correct answers A feature of a product or service that customers have come to
expect and entering competitors must offer to survive
fact correct answers the confirmation of validation of an event or object
feedback correct answers information that returns to its original transmitter (input, transform, or
output) and modifies the transmitter's actions
first-mover advantage correct answers an advantage that occurs when a company can
significantly increase its market share by being first to market with a competitive advantage
goods correct answers material items or products that customers will buy to satisfy a want or
need. clothing, groceries, cell phones, and cars are all examples of goods that people buy to
fulfill their needs
human-generated data correct answers data that humans, in interaction with computers, generate
human-generated unstructured data correct answers includes text messages, social media data,
and emails
information correct answers Data converted into a meaningful and useful context
internet of things (IoT) correct answers A world in which interconnected, Internet-enabled
devices, or things, can collect and share data without human intervention.
knowledge correct answers Skills, experience, and expertise coupled with information and
intelligence that creates a person's intellectual resources
knowledge assets correct answers the human, structural, and recorded resources available to the
organization
knowledge facilitator correct answers A person who helps harness the wealth of knowledge in
the organization.
knowledge workers correct answers individuals valued for their ability to interpret and analyze
information
loyalty program correct answers a program to reward customers based on spending
Machine-generated data correct answers created by a machine without human intervention
machine-generated unstructured data correct answers includes satellite images, scientific
atmosphere data, and radar data
Machine to Machine (M2M) correct answers devices that connect directly to other devices
