BCOR 2205: INTRODUCTION TO INFORMATION MANAGEMENT AND ANALYTICS: EXAM QUESTIONS WITH COMPLETE SOLUTIONS

BCOR 2205 INTRODUCTION TO INFORMATION MANAGEMENT
AND ANALYTICS: EXAM QUESTIONS WITH COMPLETE
SOLUTIONS



Information management -- Answer ✔✔ Application of management techniques to
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._ collect information, communicate it within and outside the organization, and process it
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._ to enable managers to make quicker and better decisions
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Business Analytics -- Answer ✔✔ The scientific process of transforming data into insight
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._ for making better decisions
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Data mining -- Answer ✔✔ The process of analyzing data to extract information not
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._ offering by raw data alone ._ ._ ._ ._




The process of Data Mining includes.. -- Answer ✔✔ 1. Business Understanding
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2. Data Understanding
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3. Data Preparation
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4, Data Modeling
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5. Evaluation
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6. Deployment
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Society is fast changing -- Answer ✔✔ Majority of stocks trades are machines, the
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._ average American is the subject of machine learning hundreds of times per day, and
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._ almost all of the valuations of companies such as google is related to their machine
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._ learning products. ._

, Collaboration system -- Answer ✔✔ A set of tools that support the work of teams or
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._ groups by facilitating the sharing and flow of information
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Collaboration Intelligence -- Answer ✔✔ Collaborating and tapping into the core
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._ knowledge of all employees, partners, and customers
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Synchronous Communication -- Answer ✔✔ That occur at the same time such as IM or
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._ chat


Asynchronous Communication -- Answer ✔✔ Such as email in which the message and
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._ the response do not occur at the same time
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Internet of Things -- Answer ✔✔ A world where interconnected internet-enabled
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._ devices or "things" have the ability to collect and share data without human intervention
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Ex: echo dot
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Data in Business -- Answer ✔✔ Companies acquire data form within, internal data, as
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._ well as purchase data, external data.
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Data in Business examples -- Answer ✔✔ o Uses: transportation, banking and securities,
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._ manufacturing, health care, etc. ._ ._ ._




o Ecosystems conservation:
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o Social Media
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o Retail
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o Delivery service
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o Health
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o Sports
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Big data -- Answer ✔✔ A collection of large complex data sets, including structured and
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._ unstructured data, which cannot be analyzed using traditional database methods and
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._ tools