ISA 235 outline (ch. 5-7) questions with accurate
answers
(High) Availability Ans✓✓✓ timeframes in which the system is
available
*Benefits & Challenges of a Connected World
(You should be able to explain the ability to innovate and compete
enabled by inexpensive, reliable, and cheap connectivity, and understand
how the playing field has been leveled for small companies to have
access to resources not possible in the recent past which enables them to
innovate and compete in very different ways. You should be able to
discuss the added complexities that come from a connected world such
as continuous 24/7/365 operations and added security vulnerabilities/the
difficulty protecting key digital assets.) Ans✓✓✓ Benefits of a
connected world are plentiful. Before networks, transferring data
between computers was time-consuming and labor-intensive. People had
to physically copy data from machine to machine using a disk. Resource
sharing makes all applications, equipment (such as a high-volume
printer), and data available to anyone on the network, without regard to
the physical location of the resource or the user. Perhaps even more
important than sharing physical resource is sharing data. Most
companies, regardless of size, depend not just on their customer records,
inventories, accounts receivable, financial statements, and tax
information, but also on their ability to share these, especially with
operations in remote locations. Challenges of a connected world also
exits. Four categories of issues that are prevalent are Security, Ethical,
and Political Issues. Networks are a tempting target for mischief and
fraud. A company must ensure that their data stays within their own
,network, and that because of the massive amount of data sharing that
goes on, their information does not get into the wrong hands. In terms of
social, ethical, and political issues, one should remember only a small
fraction of the world's population has access to the internet, creating a
digital divide, a worldwide gap giving advantage to those with access to
technology. Issues can also arise when sensitive political, religious, or
sexual information is shared, that could stir problems with people who
find it aggressive or offensive.
*Business Intelligence
(You should understand how companies sift through large amounts of
data, extract information and turn that information into actionable
knowledge. ) Ans✓✓✓ Simple Answer: Data Mining, Data Analysis,
and Data Visualization. After this show the models using: Optimization,
Forecasting, and Regression models.
Three of the key focus areas that organizations use to sift through large
amounts of data, and extract information to turn into actionable
knowledge are Data Mining, Data Analysis, and Data Visualization.
Data mining is the process of analyzing data to extract information not
offered by the raw data alone. Data Analysis can be divided into
Estimation Analysis, Affinity Grouping Analysis, Cluster Analysis, and
Classification Analysis. Estimation determines values for an unknown
continuous variable behavior or estimated future value. Affinity
Grouping Reveals the relationship between variables along with the
nature and frequency of the relationships. Cluster is 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 is the
, process of organizing data into categories or groups for its most effective
and efficient use. The models then used to make predictions are
Optimization, Forecasting, and Regression models.
*Business Value of a Wireless World
(You should be able to explain that untethered connectivity, anytime,
anywhere, has fueled a major market and technology disruption, which
has permeated almost every consumer market worldwide. The student
will further expound that the "domino effect" of the success of wireless
technology has resulted in a unique opportunity for innovation and
creativity in technology, marketing, and business strategy.) Ans✓✓✓
There is an infinite value to business in a wireless world. The untethered
connectivity, anytime, anywhere, has fueled a major market and
technology disruption, which has permeated almost every consumer
market worldwide. Three of the most game-changing wireless Business
Applications are Radio-Frequency Identification (RFID), Global
Positioning Systems (GPS), and Geographic Information Systems (GIS).
RFID uses electronic tags and labels to identify objects wirelessly over
short distances. GPS is a satellite-based navigation system providing
extremely accurate position, time, and speed information. GIS stores,
views, and analyzes geographic data, creating multidimensional charts
or maps. The "Domino Effect" that has occurred because of the
development of a wireless world has resulted in a unique opportunity for
innovation and creativity in technology, marketing, and business
strategy. The only way companies can get ahead in this day and age is to
utilize wireless technology in newer, more innovative ways (things their
competitors have not ever done).
*Characteristics of Quality Data/Information
answers
(High) Availability Ans✓✓✓ timeframes in which the system is
available
*Benefits & Challenges of a Connected World
(You should be able to explain the ability to innovate and compete
enabled by inexpensive, reliable, and cheap connectivity, and understand
how the playing field has been leveled for small companies to have
access to resources not possible in the recent past which enables them to
innovate and compete in very different ways. You should be able to
discuss the added complexities that come from a connected world such
as continuous 24/7/365 operations and added security vulnerabilities/the
difficulty protecting key digital assets.) Ans✓✓✓ Benefits of a
connected world are plentiful. Before networks, transferring data
between computers was time-consuming and labor-intensive. People had
to physically copy data from machine to machine using a disk. Resource
sharing makes all applications, equipment (such as a high-volume
printer), and data available to anyone on the network, without regard to
the physical location of the resource or the user. Perhaps even more
important than sharing physical resource is sharing data. Most
companies, regardless of size, depend not just on their customer records,
inventories, accounts receivable, financial statements, and tax
information, but also on their ability to share these, especially with
operations in remote locations. Challenges of a connected world also
exits. Four categories of issues that are prevalent are Security, Ethical,
and Political Issues. Networks are a tempting target for mischief and
fraud. A company must ensure that their data stays within their own
,network, and that because of the massive amount of data sharing that
goes on, their information does not get into the wrong hands. In terms of
social, ethical, and political issues, one should remember only a small
fraction of the world's population has access to the internet, creating a
digital divide, a worldwide gap giving advantage to those with access to
technology. Issues can also arise when sensitive political, religious, or
sexual information is shared, that could stir problems with people who
find it aggressive or offensive.
*Business Intelligence
(You should understand how companies sift through large amounts of
data, extract information and turn that information into actionable
knowledge. ) Ans✓✓✓ Simple Answer: Data Mining, Data Analysis,
and Data Visualization. After this show the models using: Optimization,
Forecasting, and Regression models.
Three of the key focus areas that organizations use to sift through large
amounts of data, and extract information to turn into actionable
knowledge are Data Mining, Data Analysis, and Data Visualization.
Data mining is the process of analyzing data to extract information not
offered by the raw data alone. Data Analysis can be divided into
Estimation Analysis, Affinity Grouping Analysis, Cluster Analysis, and
Classification Analysis. Estimation determines values for an unknown
continuous variable behavior or estimated future value. Affinity
Grouping Reveals the relationship between variables along with the
nature and frequency of the relationships. Cluster is 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 is the
, process of organizing data into categories or groups for its most effective
and efficient use. The models then used to make predictions are
Optimization, Forecasting, and Regression models.
*Business Value of a Wireless World
(You should be able to explain that untethered connectivity, anytime,
anywhere, has fueled a major market and technology disruption, which
has permeated almost every consumer market worldwide. The student
will further expound that the "domino effect" of the success of wireless
technology has resulted in a unique opportunity for innovation and
creativity in technology, marketing, and business strategy.) Ans✓✓✓
There is an infinite value to business in a wireless world. The untethered
connectivity, anytime, anywhere, has fueled a major market and
technology disruption, which has permeated almost every consumer
market worldwide. Three of the most game-changing wireless Business
Applications are Radio-Frequency Identification (RFID), Global
Positioning Systems (GPS), and Geographic Information Systems (GIS).
RFID uses electronic tags and labels to identify objects wirelessly over
short distances. GPS is a satellite-based navigation system providing
extremely accurate position, time, and speed information. GIS stores,
views, and analyzes geographic data, creating multidimensional charts
or maps. The "Domino Effect" that has occurred because of the
development of a wireless world has resulted in a unique opportunity for
innovation and creativity in technology, marketing, and business
strategy. The only way companies can get ahead in this day and age is to
utilize wireless technology in newer, more innovative ways (things their
competitors have not ever done).
*Characteristics of Quality Data/Information
