Refers to the extent of detail within the information Show
Fig 6.2 Four primary traits of the value of information Fig 6.3 Transactional vs Analytical information Means immediate, up-to-date information Provide real-time information in response to requests Information inconsistency Occurs when the same data element has different values Information integrity issues Occur when a system produces incorrect, inconsistent, or duplicate data Fig 6.4 Five common characteristics of high quality information Occurs when a company examines its data to determine if it can meet business expectations, when or identifying possible data gaps or where missing data might exist The management and oversight of an organization’s data assets to help provide business users with high quality data that is easily accessible in a consistent manner Responsible for ensuring the policies and procedures are implemented across the organization and act as a liaison between the MIS department and the business Refers to the overall management of the availability m, usability, integrity, and security of company data Master data management (MDM) Practice of gathering data and ensuring that it is uniform, accurate, consistent, and complete, including such entities as customers, suppliers, products, sales, employees, and other critical entities that are commonly integrated across organizational systems Includes the tests and evaluations used to determines compliance with data governance policies to endure correctness of data Maintains information about various types of objects(inventory), events (transactions), people (employees) and places (warehouses) Database management system (DBMS) Creates, reads, updates, and deletes data in a database while controlling access and security Query-by-example (QBE) tool Helps users graphically design the answer to a question against a database Structured query language (SQL) Asks users to write lines of code to answer questions against a database Fig 6.6 relationship of database, DBMS and user Data element or data field Smallest or basic unit of information Logical data structures that detail the relationships among data elements using graphics or pictures Provides detail about data Complies all of the metadata about the data elements in the data model Relational database model Stores information in the form of logically related two-dimensional tables Relational database management system Allow users to create, read, update, and delete data in a relational database Stores information about a person, place, thing, transaction or event Attributes (columns or fields) Are the data elements associated with entity Collection of related data elements A field that uniquely identifies a given record in a table Primary key of one table that appears as an attribute in another table and axes to provide a logical relationship between the two tables Fig 6.9 Business advantages of a relational database Physical view of information Deals with the physical storage of information on a storage device Logical view of information Focuses on how individual users logically access information to meet their own particular business needs Time it takes for data to be stored or retrieved Duplication of data, or the storage of the same data in multiple places Measure of the quality of information Rules that help ensure the quality of information Relational integrity constraints Rules that before basic and fundamental information-based constraints Defines how a company performs certain aspects of its business and typically results in either a yes/no or true/false answer Business-critical integrity constraints Enforce business rules vital to an organization’s success and often require more insight and knowledge then relational integrity constraints Broad administrative area that deals with identifying individuals in a system and controlling their access to resources within that system by associating user rights and restrictions with the established identity Person responsible for creating the original website content Person responsible for updating and maintaining website content Includes fixed data incapable of change in the event of a user action Includes data that change based on user actions An area of a website that Stira information about products in a database Interactive website kept constantly updated and relevant to the needs of its customers using a database Fig 6.12 reasons business analysis is difficult from operational databases Central location in which data is stored and managed Logical collection of information—gathered from many different operational databases — that supports business analysis activities and decision-making tasks Fig 6.13 Data Warehousing components Collection of data from various sources for the purpose of data processing Extraction m, transformation, and loading (ETL) Process that extracts information from internal to external databases, transforms the information using a common set of enterprise definitions Contains a subset of data warehouse information Fig 6.14 Model of a typical data warehouse Fig 6.15 Dirty Data Problems Information cleansing or scrubbing Process that weeds out and fixes or discards inconsistent, incorrect, or incomplete information Fig 6.16 Contact information in operational systems Fig 6.19 Accurate and Complete information Individual item on a graph or chart Business that collects personal information about consumers and sells that information to other organizations Storage that holds a vast amount of raw data in its original format until the business needs it Identifies the primary location where data is collected Organized collection of data Compares two or more data sets to identify patterns and trends Where a company keeps tabs of its competitor’s activities on the web using software that automatically tracks all competitor website Technique for establishing a match, or balance, between the source data and the target data warehouse Data-driven decision management Approach to business governance that values decisions that can be backed up with verifiable data Fig 6.21 four common characteristics of big data Processes and manages algorithms across many machines in a computing environment Fig 6.26 Business focus area of big data Process of analyzing data to extract information not offered by the raw data alone Fig 6.27 data mining process model overview Process of collecting statistics and information about data in an existing source Process of sharing information to ensure consistency between multiple data sources Data-mining algorithm that analyzes a customer’s purchases and actions on a website and then uses the data to recommend complementary products Fig 6.29 data mining techniques Determines values for an unknown continuous variable behavior or estimated future value Affinity grouping analysis Reveals the relationship between variables along with the nature and frequency of the relationships ; determines which things go together Evaluates such items as websites and checkout scanner information to detect customers’ buying behavior and predict future behavior by identifying affinities among customers’ choices of products and services Technique used to divide information set into mutually exclusive groups such that the members of each group are as close together as possible to one another and the different groups are as far as possible Process of organizing data into categories or groups for its most effective and efficient use : assigns records to one of a predefined set of classes Use a variety of techniques to find patterns and relationships in large volumes of information that predict future behavior and guide decision making Statement about what will happen or might happen in the future Fig 6.33 data mining modeling techniques for predictions Common term for the representation of multidimensional information Science of fact-based decision making Note: algorithms in last chapter Process of identifying rare or unexpected items or events in data set that do not conform to other items in the data set Data value that is numerically distant from most of the other data points In a set of data Application of big data analytics to smaller data sets in a near-real or real-time in order to solve a problem or create business value Extracts knowledge from data by performing statistical analysis, data mining and advanced analytics on big data to identify trends, market changes, and other relevant information Business analytics specialist who uses visual tools to help understand complex data Occurs when the user goes into an emotional state of over-analysis (overthinking) a situation so that a decision or action is never takin in effect paralyzing the outcome Describe technologies that allow users to see or visualize data to transform information into a business perspective Move beyond excel graphs and charts into sophisticated analysis techniques such as controls, instruments, maps, Time-series graphs, and more Business intelligence dashboards Track corporate metrics such as critical success factors and key performance indicators and include advanced capabilities such as interactive controls, allowing users to manipulate data for analysis What is a technique for establishing a match or balance between the source data and the target data warehouse multiple choice question?A data map is a technique for establishing a match, or balance, between the source data and the target data warehouse. A data point is an individual item on a graph or chart. Organizational data includes simple structured data elements in a database.
What is a storage repository that holds a vast amount of raw data in its original format until the business needs it multiple choice question?A data lake is a storage repository that holds a vast amount of raw data in its native format until it is needed for analytics applications. While a traditional data warehouse stores data in hierarchical dimensions and tables, a data lake uses a flat architecture to store data, primarily in files or object storage.
What is the ultimate outcome of a data warehouse multiple choice?The ultimate outcome of a data warehouse is to extract insights, monitor performance, and improve decision-making.
What is a storage repository that holds a vast amount of raw data in its original format until the business needs it data broker data lake data map data point?If you're not already familiar with the term, a “data lake” is generally defined as an expansive collection of data that's held in its original format until needed. Data lakes are repositories of raw data, collected over time, and intended to grow continually.
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