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Fact - Answer-The confirmation or validation of an event or object. ex- Water is boiling at 100 degrees celcius Information Age - Answer-The present time, during which infinite quantities of facts are widely available to anyone who can use a computer. Core Drivers of the Information Age - Answer--Data -Information -Business Intelligence -Knowledge Data - Answer-Raw facts that describe the characteristics of an event or object. Information - Answer-Data converted into a meaningful and us...

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What is the difference between data, information, knowledge, and wisdom in the context of a business? Know the definition and two examples - ANSWERData- raw facts that describe the characteristics of an event or object Information-Data converted into a meaningful and useful context. Knowledge- the skills, experience, and expertise, coupled with information and intelligence that create a person's intellectual resources. Wisdom- the quality of having experience, knowledge, and good judgmen...

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8 pages

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External Threats - ANSWERThreats that originate outside an organization examples of external threats - ANSWER-weather: This affects seasonal business that depends on good conditions -the economy: If you sell something consumers need in any economy, you will fare better than others -Material shortages: tensions in an oil-producing country results in big price hikes, raising production costs for plastics manufactured, trucking firms and others -Your computer system is hacked: This ca...

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9 pages

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data - ANSWERfacts, statistics, transaction that are collected and stored but NOT organized to convey a specific meaning two types: unstructured and structured information - ANSWERdata organized so that they have a meaning and value knowledge - ANSWERinformation that is understood and experienced that can be applied to a problem or activity structured data - ANSWERStored in a traditional system such as a relational database or spreadsheet machine-generated human-generated machine ...

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6 pages

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information granularity - ANSWERthe extent of detail within the information (fine and detailed or coarse and abstract) real-time information - ANSWERimmediate, up-to-date information real-time system - ANSWERprovides real-time information in response to requests information inconsistency - ANSWERoccurs when the same data element has different values information integrity issue - ANSWERoccurs when a system produces incorrect, inconsistent, or duplicate data data gap analysis - ANSW...

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