MGSC 300: Quiz 1 (chapter 1-4)
-Measurement of how much data you can move in a fixed period of time
-Maximum bits per second that can be transmitted - ANS-Capacity Bandwidth
1. Variety: the analytic environment has expanded from pulling data from enterprise systems to
include big data and unstructured sources
2. Volume: large volumes of structured and unstructured data are analyzed
3. Velocity: speed of access to reports that are drawn from data defines the difference between
effective and ineffective analytics
4. Veracity: Validating data and extracting insight that manager and workers can trust are key
factors of successful analytics - ANS-Four V's of Data Analytics
data filtering and profiling
data integrity and maintene - ANS-Database Management System (DBMS)
-what do these five things represent and what are they tlaking about
-a group of components that interact to produce information
- - ANS-What is an information system?
the economic activity created by technology companies that fulfill consumer demand through
the immediate provisioning of products and services.
propelled by the proliferation of
-smartphoone connected consumers
-simple and secure purchase flows
-location based services - ANS-On-demand Economy
Strategic direction: industry, markets, and customers
-what we do
-what is our direction
-what markets and customers should we be targeting and how do we prepare for them
Business Model
-how do we do it
-how do we generate revenues and profits to sustain ourselves and build our brand
Business processes, producers and technology
-how well do we do it?
-how can we be more efficient - ANS-Strategic direction and Tactical Questions
how a company is going to make money - ANS-Business model
, how a business makes money digitally - ANS-Digital Business Model
About building the digital infrastructure that allows customers to do whatever they want to do,
through whatever channel they choose to do it.
-functional to digital, your entire experience - ANS-customer experience (CX)
Inputs: raw materials, data, knowledge, expertise (ex: chapman parking)
Activities: worth that transforms inputs and acts on data and knowledge (ex: how to dictate who
should have parking passes
Deliverables: products, services, plans, or actions (ex: 30 min spots) - ANS-Business Process
Improvement: components of a business process
agility, responsiveness, and flexibility
-tightly interrelated and fully dependant on an organizations IT infastructure and architecture -
ANS-Business process improvement: terminology
ability to move quickly and easily
-smaller organizations have bigger agility than bigger organizations
-agility leads to flexibility - ANS-agility
IT capacity that can be easily scaled up or down as needed
-ex: zoom during quarantine - ANS-responsiveness
the ability to quickly integrate new business functions or to easily reconfigure software or
applications - ANS-Flexibility
1. develop vision and objectives
2. understand existing processes
3. identify process for redesign
4. identify change leaders
5. implement new processes
6. make new process operational
7. evaluate new process
8. perform continuous improvement - ANS-8 phases of business processing reengineering
-model of the integration of cloud, mobile, and social technologies
-the cloud forms the core
-mobile devices are the endpoints
-social networks create the connection - ANS-IT innovation and disruption:
social-Mobile-Analytics-Cloud (SMAC)
-Measurement of how much data you can move in a fixed period of time
-Maximum bits per second that can be transmitted - ANS-Capacity Bandwidth
1. Variety: the analytic environment has expanded from pulling data from enterprise systems to
include big data and unstructured sources
2. Volume: large volumes of structured and unstructured data are analyzed
3. Velocity: speed of access to reports that are drawn from data defines the difference between
effective and ineffective analytics
4. Veracity: Validating data and extracting insight that manager and workers can trust are key
factors of successful analytics - ANS-Four V's of Data Analytics
data filtering and profiling
data integrity and maintene - ANS-Database Management System (DBMS)
-what do these five things represent and what are they tlaking about
-a group of components that interact to produce information
- - ANS-What is an information system?
the economic activity created by technology companies that fulfill consumer demand through
the immediate provisioning of products and services.
propelled by the proliferation of
-smartphoone connected consumers
-simple and secure purchase flows
-location based services - ANS-On-demand Economy
Strategic direction: industry, markets, and customers
-what we do
-what is our direction
-what markets and customers should we be targeting and how do we prepare for them
Business Model
-how do we do it
-how do we generate revenues and profits to sustain ourselves and build our brand
Business processes, producers and technology
-how well do we do it?
-how can we be more efficient - ANS-Strategic direction and Tactical Questions
how a company is going to make money - ANS-Business model
, how a business makes money digitally - ANS-Digital Business Model
About building the digital infrastructure that allows customers to do whatever they want to do,
through whatever channel they choose to do it.
-functional to digital, your entire experience - ANS-customer experience (CX)
Inputs: raw materials, data, knowledge, expertise (ex: chapman parking)
Activities: worth that transforms inputs and acts on data and knowledge (ex: how to dictate who
should have parking passes
Deliverables: products, services, plans, or actions (ex: 30 min spots) - ANS-Business Process
Improvement: components of a business process
agility, responsiveness, and flexibility
-tightly interrelated and fully dependant on an organizations IT infastructure and architecture -
ANS-Business process improvement: terminology
ability to move quickly and easily
-smaller organizations have bigger agility than bigger organizations
-agility leads to flexibility - ANS-agility
IT capacity that can be easily scaled up or down as needed
-ex: zoom during quarantine - ANS-responsiveness
the ability to quickly integrate new business functions or to easily reconfigure software or
applications - ANS-Flexibility
1. develop vision and objectives
2. understand existing processes
3. identify process for redesign
4. identify change leaders
5. implement new processes
6. make new process operational
7. evaluate new process
8. perform continuous improvement - ANS-8 phases of business processing reengineering
-model of the integration of cloud, mobile, and social technologies
-the cloud forms the core
-mobile devices are the endpoints
-social networks create the connection - ANS-IT innovation and disruption:
social-Mobile-Analytics-Cloud (SMAC)
