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Cambridge Technical IT Unit 2 LO3 Key Terms fully solved
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Cambridge Technical IT Unit 2 LO3 Key Terms fully solved
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Cambridge Technical IT Unit 2 LO3 KeyTerms fully solved
raw data - correct answer ✔✔Unorganized facts and figures that need to be processed
information - correct answer ✔✔Data which is processed, organized and structured into a meaningful
context
knowledge management - correct answer ✔✔The process of collating and sharing a collection of
information. For instance, a medical organization may collate information on symptoms and diagnoses to
support all medical staff in using the information for future cases.
Management Information Systems (MIS) - correct answer ✔✔A computer-based system that provides
information to an organization's managers for use in making decisions that affect a variety of day-to-day
activities
financial analysis and modelling - correct answer ✔✔Using past and current sales information to identify
trends and model 'what if' scenarios to predict future revenue
Contact Management - correct answer ✔✔A method of storing and utilizing details about phonecalls,
meetings and other contact with a business has with customers, suppliers or other organizations
Big Data - correct answer ✔✔A broad term for datasets so large or complex that traditional data
processing applications are inadequate. Often involves interrogating multiple, large, 3rd party data sets
alongside an organization's own data.
Data Visualization - correct answer ✔✔A term used to describe the use of graphical displays to
summarize and present information about a data set to show patterns, trends and correlations
Data cleaning/scrubbing - correct answer ✔✔The process of removing or updating out-of-date data
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