COMPLETE SOLUTIONS
A ____________________ is a software package designed to define, manipulate,
retrieve and manage data in a database. - Answer- Database Management System.
_________ is the discovery, interpretation, and communication of meaningful patterns
in data; and the process of applying those patterns towards effective decision making. -
Answer- Analytics.
_______________ is an approach to manage a company's interaction with current and
potential customers. It uses data analysis about customers' history with a company to
improve business relationships with customers, specifically focusing on customer
retention and ultimately driving sales growth. - Answer- Customer-relationship
management.
In commerce, ________________ is the management of the flow of goods and
services, involves the movement and storage of raw materials, of work-in-process
inventory, and of finished goods from point of origin to point of consumption. - Answer-
Supply-chain management.
_____________________________ is the integrated management of core business
processes, often in real-time and mediated by software and technology. - Answer-
Enterprise resource planning.
In computing, a ____________________ also known as an enterprise data warehouse,
is a system used for reporting and data analysis, and is considered a core component of
business intelligence. - Answer- Data warehouse.
A ___________ is a structure / access pattern specific to data warehouse
environments, used to retrieve client-facing data. - Answer- Data mart.
_______________ is the process of discovering patterns in large data sets involving
methods at the intersection of machine learning, statistics, and database systems. -
Answer- Data mining.
A catchall term combining aspects of reporting, data exploration and ad hoc queries,
and sophisticated data modeling and analysis. - Answer- Business Intelligence (BI).
, The extensive use of data. - Answer- Analytics.
____________ is often times considered a defensible source of competitive advantage;
However, advantage based on capabilities and data that others can acquire will be short
lived. - Answer- Data.
Refers simply to raw facts and figures. - Answer- Data.
_________ becomes _________ when it is presented in a context so that it can answer
a question or support decision making. - Answer- Data; Information.
Insight from experience and expertise. - Answer- Knowledge.
Refers to a list of data. - Answer- A file or table.
Defines the data that a table can hold. - Answer- A column or field.
Represents a single instance of whatever the table keeps track of. - Answer- A row or
record.
When multiple tables are related based on a common key. - Answer- Relational
databases.
Represents a fountain of potentially insightful data. - Answer- Transaction processing
system (TPS).
A kind of business exchange. - Answer- Transaction.
Firms that trawl for data and package them up for resale. - Answer- Data aggregator
Outdated information systems that were not designed to share data. - Answer- Legacy
Systems.
Refers to identifying and retrieving relevant electronic information to support litigation
effects. - Answer- E-discovery.
Provides regular summaries of information in a predetermined formant. - Answer-
Canned reports.
This allows users to dive in and create their own reports, selecting fields, ranges and
other parameters to build their own reports on the fly. - Answer- Ad hoc reporting tools.
Data sourcing pertains to what questions? - Answer- Can we even get the data we will
need? Where can this data be obtained from?