BCOR 2205 Final Exam Review Questions and Answers with complete solution

Internet of Things (IoT) - Answer-A world where interconnected, internet-enabled devices or "things" have the ability to collect and share data without human intervention. Data - Answer-Raw facts that describe the characteristics of an event or object. Information - Answer-Data converted into a meaningful and useful context. I.E. Best selling product, best customer Business Intelligence - Answer-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 - Answer-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 - Answer-A collection of large, complex data sets, including structured and unstructured data, which cannot be analyzed using traditional database methods and tools. Volume - Answer-Scale of data. Includes enormous volumes of data generated daily. Velocity - Answer-Analysis of streaming data. Variety - Answer-Different forms of structured or unstructured data. Data from spreadsheets, email, video, etc.Veracity - Answer-Uncertainty of data, including biases, noise, and abnormalities. Uncertainty or untrustworthiness of data. Analytics - Answer-The science of fact-based decision making. Business Analytics - Answer-The scientific process of transforming data into insight for making better decisions. Data Mining - Answer-The process of analyzing data to extract information onto offered by the raw data alone. Estimation Analysis - Answer-Determines values for unknown continuous variable behavior or estimated future value. Affinity Grouping Analysis - Answer-Reveals the relationship between variables along with the nature and frequency of relationships Cluster Analysis - Answer-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 - Answer-The process of organizing data into categories or groups for its most effective and efficient use Optimization Model - Answer-A statistical process that finds the way to make a design, system, or decision as effective as possible. Forecasting Model - Answer-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 - Answer-A statistical process for estimating the relationships among variables.Content Sharing Through Open Sourcing - Answer-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 - Answer-Content created and updated by many users for many users. Collaboration Inside the Organization - Answer-Tools that support the work of teams or groups by facilitating the sharing and flow of information. Collaboration Outside the Organization - Answer-Collective intelligence is greater than the sum of its individual parts. Crowdsourcing and crowdfunding are tools for this collaboration. The Cloud - Answer-Stores, manages, and processes data and applications over the Internet rather than on a personal computer or server. Blog - Answer-An online journal that allows users to post their own comments, graphics, and video. Wiki - Answer-A collaborative website that allows users to add, remove, and change content. Mashup - Answer-Content from more than one source to crate a new product or service. Videoconference - Answer-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 - Answer-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) - Answer-Designed to connect a group of computers in proximity to each other such as in an office building, a school, or a home. (Smallest)Wide Area Network (WAN) - Answer-Spans a large geographic area such as a state, province, or country. (Largest) Metropolitan Area Network (MAN) - Answer-A large computer network usually spanning a city. Most colleges, universities, and large companies that span a campus use an infrastructure supported by a MAN. (Medium) Broadband - Answer-A high-speed Internet connection that is always connected. Digital Subscriber Line (DSL) - Answer-Provides high-speed digital data transmission over standard telephone lines using broadband modem technology, allowing both Internet and telephone services to work over the same phone lines. High Speed Internet Cable Connections - Answer-Provide internet access using a cable television company's infrastructure and a special cable modem Wireless Fidelity (Wi-Fi) - Answer-A means by which portable devices can connect wirelessly to a local area network, using access points that send and receive data via radio waves.