Shared Flashcard Set

Details

OIM 453 Review Exam 1
N/A
33
Business
Undergraduate 3
05/04/2015

Additional Business Flashcards

 


 

Cards

Term
Magpie Sensing
Definition

- Use analytics to manage vaccine supply chain

- Descriptive: Showing patterns 

ex: temperature, location

- Predictive: using patterns to make predictions in future

ex: trend of temperature over a period of time

- Presciptive: optimization using live data 

ex: alerts go off

Term
Strategy Gap
Definition
Closing a gab between current performance and the desired performance
Term
Online Transaction Processing systems
Definition

currently constantly involved in handling updates to what we might call operational database

ex: ATM Withdrawal buying from Amazon, loggin into Facebook

- Handles routine on-going business

-ERP, SCM, CRP systems generate and store data in OLP

- EFFICIENCY 

Term
Sucessful BI implementation
Definition

- Lenghty and costly 

- used for better understand the customer

- align with business strategy

- changes how a company conducts decision

Term
Issues for Successful BI
Definition

- Integration of systems and applications

- developing vs. Acquiring BI system

- Justifying cost-benefits analysis

- security and privacy 

Term

1.Volume

2.Variety

3.Velocity

Definition

1. amount

2. types of data markets

3. How quick get descriptive statistics

Term
Characteristics of Data Warehouse
Definition

- Non-volatile

- integrated; data from many sources, time-variant, subject oriented, summarized, not-normalized

- meta data

- relational/multidimensional data; normalized (store reducdant data), not aggregated

Term
Data Storage
Definition

1. Data Marts

2. EDW

3. OTLP

Term
Data Mart
Definition

- Dependent: gets data from enterprise data warehouse

-independent: small DW designed for a SBU or departments 

- Use OLAP

Term
Enterprise Data Warehosue
Definition
A data warehouse for enterprise
Term
ETL (extraction, transforamtion, and load)
Definition

1. Data integration

2. EAI (PUSH): provides a vehical for pushing data from source to DW

3. EII (PULL): evolving tool space that promises real time data intergration from multiple sources

Term
ETL Issues
Definition

- expensive

- long learning curve

Term
Slice
Definition
A subset of mulitdimensional array
Term
Dice
Definition
A slice of two or more dimension
Term
Drill Down/ Up
Definition
navigating amound level of data ranging from most summarized(up) to most detailed (down)
Term
Roll up
Definition
computing all data relationship for one or more dimensions
Term
Pivot
Definition
Used to change the dimensional orientation of a report or an ad hoc query-page display
Term
Globalization
Definition

Product and services are found all over the world

- leads to competition 

Term
Business enviornment factors
Definition

- Markets

- consumer

- demand

- technology and societal 

Term
Organizational responses
Definition

-be reactive

-anticipate

- adaptive

- proactive

Term
Business Intelligence
Definition

Umbrella term that combines architecture, tools, database analytics tool, application 

- enables easy, interactive access to data, manipulate it and give manager ability to conduct analysis

- transform data to information to action 

Term
Architecure of BI
Definition

1. DW

2. Business analytics

3. Business performance managment

4. user interface

Term
Business analytics
Definition
Tools for manipulating, mining, and analyzing data in warehouse
Term
Business Performance management(BPM)
Definition

- monitoring and analyzing

- emerging portfolio of applicaiton provide enterprise tools to manage operations

Term
User Interface (DashBoard)
Definition
Comprehensive, graphical view of measures, trends and exceptions
Term
Traditional Reporting
Definition

-used to track internal business activities and to meet with compliance requirements

- NOW > actionable intelligence from transactional business data

Term
Intelligence
Definition
Modern companies ethically and legally organize themselves to get as much out from customer, business enviornment , stockholders, business process, and competitiors
Term
Online Analytical processing
Definition

- extract informational data stored in OLTP systems

ex: Routine sales by production, region, sales rep

- Built on top pf DW where data is not transactional 

- EFFECTIVE 

Term
Big Data
Definition

Data that cannot be stored in a single storage unit

 

Term
Predictive Analytics
Definition

Aims to determin what is likely to happen in future

- forecasting into the future

Term
Presciptive analysis
Definition

Recognize what is going on as well as the likely forecast to make decision to achieve best performance possibel 

- what to do and how to improve performance based on your understanding of the data 

Term
Descriptive
Definition
tells you what is going on currently, only describing about what has already happened
Supporting users have an ad free experience!