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internet of things ✔Correct Answers--a world where interconnected, Internet-enabled devices or
"things" can collect and share data without human intervention
data ✔Correct Answers--raw facts that describe the characteristics of an event or object
structured data ✔Correct Answers--a defined length, type, and format and includes numbers,
dates, or strings such as Customer Address
unstructured data ✔Correct Answers--Not defined and does not follow a specified format
emails, tweets, and text messages
fact ✔Correct Answers--the confirmation or validation of an event or object
information ✔Correct Answers--Data converted into a meaningful and useful context
variable ✔Correct Answers--a data characteristic that stands for a value that changes or varies over
time
Business Intelligence ✔Correct Answers--Information collected from multiple sources such as
suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and
relationships for strategic decision making
analytics ✔Correct Answers--the science of fact-based decision making
business analytics ✔Correct Answers--the scientific process of transforming data into insight for
making better decisions
knowledge ✔Correct Answers--Skills, experience, and expertise coupled with information and
intelligence that creates a person's intellectual resources
Management Information Systems (MIS) ✔Correct Answers--A business function, like accounting
and human resources, which moves information about people, products, and processes across the
company to facilitate decision-making and problem-solving
barrier ✔Correct Answers--holds the process back
feedback loop ✔Correct Answers--control mechanism in which a low or high level of a product
stimulates an increase or decrease in its production
controlling each step and observe the output and adjust the process as required
feed forward loop ✔Correct Answers--monitor input variation and adjust the process to
compensate
input-process-output ✔Correct Answers--inputs are converted into outputs
open system ✔Correct Answers--system that inputs and outputs