Solutions Updated Version
Key Data Management Processes - Answer - ✔✔acquiring data, making sure the data
are valid, and then storing and processing the data into usable information for a
business.
scrubbing the data - Answer - ✔✔sorting through structured, unstructured, and semi-
structured data to normalize them into a data warehouse and arrive at a structure to
make sure they are usable
normalized - Answer - ✔✔structured, usable format
Business Intelligence - Answer - ✔✔Strategies and technologies used by enterprises for
the data analysis of business information
Data Analysis - Answer - ✔✔applying statistics and logic techniques to define, illustrate,
and evaluate data. Simply stated, data analysis attempts to make sense of an
organization's collected data, turn those data into useful information, and validate the
organization's future decisions
Data Mining-Data Discovery - Answer - ✔✔is the examination of huge sets of data to
find patterns and connections and identify outliers. Data mining also provides insight
into relationships that the user may not recognize but that are useful as information.
Topic Analytics - Answer - ✔✔tries to catalog phrases of an organization's customer
feedback into relevant topics. For example, if a customer said, "the barista was friendly,"
that would be categorized under the topic "Employee Friendliness."
Text Analytics-Text Mining - Answer - ✔✔hunts through unstructured text data to look
for useful patterns such as whether their customers on Facebook or Instagram are
unsatisfied with the organization's products or services.
Business Analytics - Answer - ✔✔attempts to make connections between data so
organizations can try to predict future trends that may give them a competitive
advantage. Business analytics can also uncover computer system inadequacies within
an organization. 3 forms; Descriptive; predictive; & decision Analytics
Descritptive Analytics - Answer - ✔✔categorizing the information; defines past data you
already have that can be grouped into significant pieces, like a department's sales
results, and also start to reveal trends.
, Predictive Analytics - Answer - ✔✔attempts to reveal future patterns in a marketplace,
essentially trying to predict the future by looking for data correlations between one thing
and any other things that pertain to it.
The Data Management Process - Answer - ✔✔obtains, authenticates, stores, and
protects data and then processes the data to ensure that they are accessible, reliable,
secure, and timely.
Decision Analytics - Answer - ✔✔Builds on predictive analysis to make decisions about
future industries and marketplaces. Decision analytics looks at an organization's internal
data, analyzes external conditions like supply abundance, and then endorses the best
course of action.
Return on Investment (ROI) in Data Management - Answer - ✔✔measures the gain or
loss generated by intelligent data management relative to the amount of money
invested.
Structured Query Language (SQL) - Answer - ✔✔most common language used to
query data in databases and can be used in most databases.
Master Data Management (MDM) - Answer - ✔✔obtains, authenticates, stores, and
protects data and then processes the data to ensure that they are accessible, reliable,
secure, and timely.
Data Governance - Answer - ✔✔is managing the availability, integrity, and security of
the data to ensure that the data remain high quality and valid for data analytics.
Online analytical processing (OLAP) - Answer - ✔✔when basic queries are run against
the database to gain insight into elementary data relations.
Eight Challenges of data analytics and process management
1. Vast amount of Data that are collected - Answer - ✔✔With IT being part of a
business's processes, data on every aspect of the company are being collected. Every
transaction, every action is stored for retrieval sometime, at some interval, and it must
be available.
Eight Challenges of data analytics and process management
Determining what is meaningful and what is not - Answer - ✔✔With so much information
available, a business cannot keep everything; it is too time consuming and
unnecessary. Automated systems cannot determine this, so employees must design the
system to sort the data.
Eight challenges of data analytics and process management
Data from multiple sources - Answer - ✔✔Disparate data are data that do not match,
are housed in different systems, are in different data formats, and, oftentimes, are out of