Shared Flashcard Set

Details

1 - IS 491 || Chapter 12
1 - IS 491 || Chapter 12
15
Business
Undergraduate 4
04/03/2019

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Cards

Term
How can companies determine who are the most profitable customers and then follow up with them?
Definition
Collect and Analyze Customer Data
Term
What are processes needed to generate, capture, codify and transfer knowledge across the organization to achieve competitive advantage?
Definition
Knowledge Management
Term
What are a set of technologies and processes that use data to understand and analyze business performance?
Definition
Business Intelligence
Term
What is the use of quantitative and predictive models, algorithms, and evidence-based management to drive fact-based decisions?
Definition
Business Analytics
Term
What is knowledge that is teachable, simple and documented?
Definition
Explicit
Term
What is knowledge that is complex and undocumented?
Definition
Tacit
Term
What is to represent knowledge for easy access and transfer?
Definition
Codify
Term
What are the following the four processes of?:

Generate

Capture

Codify

Transfer
Definition
Knowledge Management
Term
What organizational environment that creates and sustains the use of analytics tools?
Definition
Data Driven Environment
Term
What is a workforce that has the training, experience, and capability to use the analytics tools?
Definition
Skilled
Term
What category of Data Mining Tool answers this kind of question?:

Why is this happening?
Definition
Statistical Analysis
Term
What category of Data Mining Tool answers this kind of question?:

What if these trends continue?
Definition
Forecasting
Term
What category of Data Mining Tool answers this kind of question?:

What will happen next?
Definition
Predictive Modeling
Term
What category of Data Mining Tool answers this kind of question?:

What is the best that can happen?
Definition
Optimization
Term
What are the techniques and technologies that make it economical to deal with very large datasets at the extreme end of the scale?
Definition
Big Data
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