Data
Uses advanced analytical processes & systems to build knowledge and insights from data to be used in decision making.
What is data science?
A subset of AI that uses data to constantly assess the accuracy of its results and revise its algorithms for improvement.
What is machine learning?
Someone who consumes media through online venues only & doesn't use traditional cable TV or satellites.
What is a cord cutter?
A quick analysis of a business that includes strengths, weaknesses, opportunities, & threats.
What is a SWOT analysis?
Competitors launch cheaper/better technology solutions and when one succeeds it very quickly renders the incumbents obsolete (Sudden Death)
What is the Big Bang Model of digital disruption?
Enables access to data and data tools for as many people in the organization as possible.
What is data democratization?
To guard against bias, incorrect assumptions, and unintended unethical behavior.
Why do we need humans for managing machine learning?
Software as a Service, Application Services Provider, Platform as a Service, and Infrastructure as a service.
What are Saas, ASP, PaaS, Iaas?
Used for treating risks. Includes the action to be taken (Tolerate, Treat, Transfer, Terminate), and when it should be taken based on Likelihood x Impact and the characteristics of Countermeasures.
What is in a 4T framework?
US, UK, and Netherlands
Which are the top 3 countries for ease of doing digital business?
Digital health data used by medical institutions for tracking patient information.
What is an EMR?
It can embody human bias and it can learn from undesirable data inputs.
What are some risks of machine learning?
When an organization is in possession of customer data, and their responsibilities towards that data.
What is data custodianship?
Risk vs Probability. Impacts may be low, moderate, significant, or major. The chance of occurrence may be rare, unlikely, possible, likely, or certain.
What is in a risk management evaluation?
They have a digital platform at their core. Types of platforms include Ecommerce, Digital media, Sharing economy, and Freelance/gig economy.
What is a digital business?
When firms are able to leverage their proprietary data to provide unique services that are difficult or impossible for new entrants to replicate or substitute.
When is data a barrier to entry?
How can machine learning impact healthcare?
Internet censorship & lack of internet infrastructure.
What reduces the ease of doing digital business?
Looks at opportunities and threats due to Political, Economic, Social, and Technological forces, for strategic planning and market research.
What is a PEST analysis?
Risk management evaluation, risk management protocol, & 4T framework.
What are some methods to analyze risk?
The person in an organization who is responsible for data practices, data security, data privacy, and data systems.
What is a Data Steward or Chief Data Officer?
Identify outperforming products, make new types of data analyzable, reduce human bias effects.
How does machine learning augment human efforts?
Data breach, Compromised credentials, broken authentication, Hacked interfaces/APIs, Exploited vulnerabilities, Account hijacking, Malicious insiders, APT parasite, Permanent data loss, Inadequate diligence.
What are some Security concerns with the cloud?
Unencumbered development, unconstrained growth, undisciplined strategy.
What are the characteristics of digital disruption?
E-commerce relies on analog infrastructure, fulfillment, logistics
What are e-commerce drivers for EDDB?