Core IM Concepts
A business function involving people, processes, and systems that collect, organize, store, and secure data to make it accessible and useful for decision-making.
What is Information Management (IM)?
A computerized system that directly supports and enables the Information Management function within a business.
What is a Management Information System (MIS)?
Anything created from the mind or intellect, such as inventions, methods, or original business ideas.
What is Intellectual Property?
Identifying and predicting negative circumstances to take proactive steps to avoid or mitigate them.
What is Risk Management?
Technologies and strategies used by organizations to analyze business performance and support decision-making.
What is Business Intelligence (BI)?
Unprocessed facts, figures, or symbols before they are organized into something useful.
What is Data?
The central software environment used to create, query, and maintain organized data tables.
What is a DBMS (Database Management System)?
Business resources that have financial value but are not physical in nature, such as brand reputation or software patents.
What are Intangible Assets?
An independent inspection and review to evaluate the safety, accuracy, and integrity of information systems.
What is an Audit?
A large central repository designed to store vast amounts of raw data in its native format until needed.
What is a Data Lake?
Ensuring that data remains accurate, true, and valid across its entire lifecycle.
What is Data Integrity?
Data isolated within one specific department that cannot easily interact with other organizational systems.
What is a Data Silo?
Proprietary formulas, practices, or processes not generally known outside a company that give it a competitive economic advantage.
What are Trade Secrets?
Protecting networks, devices, and data from unauthorized access or criminal cyber-attacks.
What is Cybersecurity?
The process of tracking the origin, transformation history, and movement of data over time.
What is Data Lineage?
Granting retrievable access to information, typically via passwords, to the right people at the right time.
What is Accessibility?
A core business process that Extracts, Transforms, and Loads data from multiple sources into a central storage area.
What is ETL?
Documented, easily captured, and structured knowledge that can be readily shared with others.
What is Explicit Knowledge?
Malicious software designed to block access to system files or data until a payout is made.
What is Ransomware?
High-volume, high-velocity, and high-variety data assets that require specialized non-traditional processing systems.
What is Big Data?
Personal, context-specific knowledge embedded in human experience that is difficult to formalize or articulate.
What is Tacit Knowledge?
Restricting access to organizational systems or files based specifically on an employee's job function or role.
What is Role-Based Access Control (RBAC)?
A enterprise discipline that ensures company-wide consistency and accuracy for shared core data assets.
What is Master Data Management (MDM)?
A chronological, step-by-step record providing evidence of system activities and data transactions.
What is an Audit Trail?
Software tools, such as web services or connectors, that allow two different software applications to communicate with each other.
What is an API (Application Programming Interface)?