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AN 320
test 2
30
Business
Undergraduate 3
02/29/2012

Additional Business Flashcards

 


 

Cards

Term
reasons for the growth of decision making information systems:
Definition
people must:
1.analyze large amounts of information
2.make decisions quickly
3.apply sophisticated analysis techniques
4.protect the corporate asset of organizational information
Term
model
Definition
a simplified representation or abstraction of reality
Term
transaction processing system (TPS)
Definition
basic business system that serves the operational level
Term
online transaction processing (OLTP)
Definition
capturing of transaction and event information using technology
Term
online analytical processing (OLAP)
Definition
manipulation of information to create business intelligence in support of strategic decision making
Term
Decision support system (DSS)
Definition
models information to support managers and business professionals during the decision making process
Term
three quantitative models used by DSSs include:
Definition
1.sensitivity analysis
2.what-if analysis
3.goal-seeking analysis
Term
Executive information system (EIS)
Definition
a specialized DSS that supports senior level executives within the organization
Term
most Executive information systems offer the following capabilities:
Definition
1.consolidation
2.Drill-down
3.Slice-and-dice
Term
digital dashboard
Definition
integrates information from multiple components
Term
intelligent system
Definition
various commercial applications of artificial intelligence
Term
artificial intelligence (AI)
Definition
simulates human intelligence such as the ability to reason and learn
Term
Expert system AI
Definition
computerized advisory programs that imitate the reasoning process of experts in solving difficult problems
Term
Neural Network AI
Definition
attempts to imitate how the human brain works
Term
fuzzy logic
Definition
a mathematical method of handling imprecise of subjective information
Term
genetic algorithm
Definition
a artificial intelligent system that mimics the evolutionary, survival-of-the-fittest process to generate increasingly better solutions to a problem
Term
intelligent agent
Definition
special-purposed knowledge-based information system that accomplishes specific tasks on behalf of its users
Term
Data-mining systems
Definition
sift instantly through information to uncover patterns and relationships
Term
business process
Definition
a standardized set of activities that accomplish a specific task, such as processing a customer's order
Term
customer facing process
Definition
results in a product or service that is received by an organization's external customer
Term
business facing process
Definition
invisible to the external customer but essential to the effective management of the business
Term
business process improvement
Definition
attempts to understand and measure the current process and make performance improvements accordingly
Term
business process re-engineering (BPR)
Definition
analysis and redesign of workflow within and between enterprises
Term
Criteria to determine the importance of the process
Definition
1.is the process broken?
2.does it have a high impact on the strategic direction?
3.will re-engineering of this process succeed?
4.does it impact customer satisfaction?
5.is it antiquated?
6.does it fall far below best-in-class?
7.is it crucial for productivity improvement?
8.will savings from automation be clearly visible?
9.is the return on investment high?
Term
business process modeling (or mapping)
Definition
the activity of creating a detailed flow chart or process map of a work process showing its inputs, tasks, and activities, in a structured sequence
Term
business process model
Definition
a graphic description of a process, showing the sequence of process tasks, which is developed for a specific purpose and from a selected viewpoint
Term
As-Is-process models
Definition
represent the current state of the operation that has been mapped, without any specific improvements or changes to existing processes
Term
To-Be process models
Definition
show the results of applying change improvement opportunities to the current(As-Is) process model
Term
Business process management (BPM)
Definition
integrates all of an organization's business process to make individual processes more efficient
Term
analytical information
Definition
encompasses all organizational information, and its primary purpose is to support the performing of managerial analysis tasks
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