Module 8: Business Intelligence/Data Analytics
The process of investigating raw data of various types to uncover trends and correlations, and to answer specifically crafted questions.
What is Data Analytics?
An element of a computer program that is intended for a specific task.
Software Module
Framework for leading a virtuous life
Ethics
A type of artificial intelligence that uses data and algorithms to create learning
Deep Learning
Three management roles, as classified by Henry Mintzberg
Interpersonal roles, Informational roles, and Decisional roles
Three key data analyst tools
Spreadsheets, Databases & Query languages, and Data visualization tools
Cloud-based ERP solutions are usually offered as ___.
SaaS
The right to control what happens with an individual's personal information.
Privacy
A variety of emerging technologies that are likely to have a substantial impact on future innovation.
xTech
Five classical functions of managers identified by Henry Fayol
Planning, Organizing, Coordinating, Deciding, and Controlling
The six-step process for data-driven decision making
Ask, Prepare, Process, Analysis, Share, Act
Three drawbacks of using ERP software
Cost, Learning curve, and Maintenance costs
Cookies created by a website other than the one you are currently visiting, used to track surfing habits
Third-party cookies
Three positive outcomes of AI
Increased productivity, Decreased human risk and injury, and Diminished human-causes errors
Involve tasks and choices that are routine and encompass prescribed and definite procedures for how they should be handled.
Structured Decisions
They are used to display slices of information
Bar Chart
How ERP systems help organizations improve operational efficiency
Centralized database, Access to data, Customizable
Principle of moral rights, principle of virtue, principle of distributive justice, universalist principle, and utilitarian principle
The five principles of ethical decision making
A method in artificial intelligence that teaches computers to process data in a way that is inspired by the human brain
Neural network
Are often executed by higher-level management and include strategic decisions such as market entry or exit, capital budgeting, and strategic goal development.
Unstructured Decisions
The conversion of raw data into a user-friendly format.
Wrangling (data project life cycle)
ERP software takes data from __ files and decodes the design and manufacture specifications into usable information for use throughout the manufacturing process.
CAD
The five ethical dimensions
Information rights, Copyrights and intellectual property, Control and accountability, Establishing standards, Quality of life.
Four current uses of AI in business
Sales and marketing, Accounting, IT operations, and Manufacturing
A quantifiable value that validates how effectively an organization is accomplishing significant business objectives.
KPI