Business Driven MIS
Identify the 4 key areas of SWOT analysis
Strengths
weaknesses
opportunities
threats
What is data mining?
Data mining is the process of analyzing data to extract information not offered by the raw
Identify 1 of the 5 main types of artificial intelligence
Expert systems
neural networks
genetic algorithm
intelligent agents
virtual reality
what is an MIS infrastructure?
includes the plans for how a firm will build, deploy, use, and share its data, processes, and MIS assets.
what is a bandwidth?
the max amount of data that can pass from one point to another in a unit of time
what is supplier power?
Supplier power is the supplier's ability to influence the prices they charge for supplies.
Describe a database
a database maintains information about various types of objects (inventory), events (transactions), people (employees), and places (warehouses).
Define expert systems
computerized advisory programs that imitate the reasoning processes of experts in solving difficult problems
what are the benefits of a solid MIS infrastructure?
supporting operations
supporting change
supporting the environment
what are the 3 network categories?
Local area network (LAN)
Wide area network (WAN)
Metroplitan area network (Man)
What are porters three generic strategies?
Broad cost leadership
Broad differentiation
focused strategy
Identify the 3 elements of data mining
Data
Discovery
Deployment
Identify 3 different operational support systems
Operational
Managerial
Strategic
what is backup and recovery?
the exact copy of a systems information and the ability to get a system up and running in the event of a system crash or failure.
what are the 3 network providers?
national service providers (NSPs)
National Access points (NAPs)
Regional service provider (RSPs)
What are porters five forces?
buyer power
supplier power
threat of substitutes
threat of new entrants
rivalry among existing competitors
Identify the 4 common characteristics of big data
Variety
Veracity
Voluminous
Velocity
classify strategic support systems
strategic: an executive information system is a specialized DSS that supports senior-level executives within the organization
what are the 3 MIS infrastructures?
Information MIS infrastructure
Agile MIS infrastructure
Sustainable MIS infrastructure
what are the benefits of a connected world?
sharing resources
providing opportunities
reducing travel
When does product differntiation occur?
product differentiation occurs when a company develops unique differences in its products or services with the intent to influence demand.
What are the 4 primary traits that determine the value of information?
Information type: Transactional and analytical
information timeliness
information quality
information governance
Define intelligent systems
Intelligent systems are various commercial applications of artificial intelligence.
what are the benefits of an agile MIS infrastructure? (Name 4/7)
Accessibility
availability
maintainability
portability
reliability
scalability
usability
name 3/6 benefits of business mobility
enhances mobility
provides immediate data access increasing location and monitoring capability
improves workflow
provides mobile business opportunity
provides alternate to writing