C954 Flashcards-Section-Three questions with complete verified solutions 2024

Operational level Employees developed control and maintain core business activities required to run the day today operations Structured decisions Involves situations where establish process offers potential solutions Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More Managerial level Employees are constantly evaluating company operations to hone the firms ability to identify adapt to a leverage change Unstructured decisions Incurs in situation in which no procedures or rules exist to guide decision making towards the correct choice Strategic level Managers develop overall business strategies goals and objectives as part of the company strategic plan Model A simplified representation or abstraction of reality Online transaction processing OLTP The capture of transaction and event information using technology to one process the information according to the define business rules to store the information and three update existing information to reflect the new information Transaction processing system (TPS) The basic business system that serves the operational level analysis in our organization Source document Describes the original transaction record along with details such as it state purpose and amount spent and includes cash receipt canceled checks invoice customer refund employee timesheet etc. Online analytical processing (OLAP) The manipulation of information to create business intelligence in support of strategy decision making Decision support system (DSS) Model information using olap which provides assistance in evaluating and choosing among a different course of action What if analysis Checks the impact of a change in an assumption on the proposed solution Sensitivity analysis The study of the impact on other variables when one variable is changed rapeatedly Goal seeking analysis Find the input necessary to achieve a goal such as desired level of output Optimization analysis An extension of goal seeking analysis find the optimum value for a target variable by repeatedly changing other variables subject to specified constraints Executive information system (EIS) Specialized DSS that support senior level executives within the organization Granularity Refers to the level of detail in the model or the decision making process Digital dashboard Tracks key performance indicators KPIs critical success factors CSF by compliance information from multiple sources and tailoring to meet your needs Article intelligent (AI) Simulate human intelligence such as the ability to reason and learn Intelligent system Various commercial application of artificial intelligent Neural network A category of AI that attempts to emulate the way the human brain works Expert system Computerized advisory programs that imitate the reasoning processes of experts in solving difficult problems Genetic algorithm An artificial intelligence system that mimics the evolutionary survival of the fittest process to generate increasingly better solutions to a problem Intelligent agent A special purpose knowledge based information system that accomplished specific tasks on behalf of its users Shopping bot Software that will search several retailer websites and provide a comparison each retailers offering including price and availability Virtual reality A computer stimulated environment that can be a simulation of the real world or an imaginary world Fuzzy logic A mathematical method of handling imprecise or subjective information Mutation The process within a genetic algorithm of randomly trying combinations and evaluating the success or failure of the outcome Augmented reality The viewing of the physical world with computer generated layers of information added to it Operational CRM Supports traditional transactional processing for day to day front office operations or systems that deal directly with the customers List generator Compile customer information from a variety of sources and segment it for different marketing campaigns Campaign Management systems Guides user through marketing campaigns by performing such task as campaign definition planning scheduling segmentation and success analysis