ISTM 210 Chapter 17 Study Set Questions & Answers 100% Correct!

Business Intelligence (BI) - ANSWERSrefers to an assortment of software applications used to analyze an organization's raw data; can be described as computer applications that change data into significant, meaningful information that helps organizations make better decisions. Data - ANSWERSraw, unorganized facts Information - ANSWERSturning raw data into _____ that helps organizations create decisions Return on Investment (ROI) - ANSWERSproduct resulted from using BI to manage the products in a store Decision Support System (DSS) - ANSWERSare computer-based systems that support an organization's decision-making activities. Big Data - ANSWERSinclude smartphone metadata, Internet usage records, social media activity, computer usage records, and countless other data sources, so it could be sifted for patterns and trends. Structured Data - ANSWERSresides in fixed formats. This data is typically well labeled and often with traditional fields and records of common data tables. Structured data doesn't necessarily have to be "table-like," but needs to at least have recognizable patterns that allow it to be more easily queried, searched, and in a standard format. Unstructured Data - ANSWERSis disorganized data that cannot be easily read or processed by a computer because it is not stored in rows and columns like traditional data tables. Imagine collecting massive amounts of Facebook messages and Instagram posts to determine future fashion trends. Organizations attempt and do collect videos, documents and all manner of fragmented data to eventually make sense of it. A whopping 80% of all data is ___________! Semi-Structured Data - ANSWERSlands somewhere in-between Structured and Unstructured data and can possibly be converted into structured data, but not without a lot of work. Four V's - ANSWERSBig Data guideline Volume - ANSWERSRefers to the amount of data collected by an organization. How much data does your business need, and further, where do you keep it once you've