IDSC 3001 Quiz 2

Analytics

the systematic computational analysis of data or statistics. It is used for the discovery, interpretation, and communication of meaningful patterns in data. It also entails applying data patterns towards effective decision-making.

Customer Relationship Management (CRM)

is a strategy used to learn more about customers' behaviors in order to develop stronger relationships; CRM is a process to better understand customers’ need, using technology.

Data Analysis

is a process of inspecting, cleansing, transforming, and modelling data with the goal of discovering useful information, informing conclusions, and supporting decision-making.

Enterprise Application

Large and complex systems that serve multiple mission-critical business needs.

Data Trail

the growing amount of personal information that is generated through our digital behavior and recorded by the increasing use of different digital services, systems, and tools.

Human Resource Management Systems (HRMS)

Combine human resources functions into one packaged software, including: Benefits administration, Payroll, Recruiting, Training, Performance analysis, and Review [Also called: Human Capital Management (HCM), Human Resource Information Systems (HRIS)]

Internet of Things (IoT)

describes physical objects that are embedded with sensors, processing ability, software, and other technologies that connect and exchange data with other devices and systems over the Internet or other communications networks.           

Legacy System

is an old method, technology, computer system, or application program, "of, relating to, or being a previous or outdated computer system," yet still in use. Often referencing a system as "legacy" means that it paved the way for the standards that would follow it.

Low Code

Uses graphical tools and some coding to create applications. Low-code is often used by IT professionals, but can also be used by business users with some coding skills.

No Code

Uses visual tools to create applications without any coding. No-code is often used by business users without any coding skills.

Enterprise Resource Planning (ERP)

is tightly integrated software used to automate back office functions in a single management information system; ERP software processes and stores data so that all: departments, functions, regions, business units can share information

Enterprise Applications

are large and complex systems that serve multiple mission-critical business needs

Supply Chain Management (SCM)

is the management of the flow of goods and services. It includes the movement and storage of raw materials, work in process inventory, and finished goods from point of origin to point of consumption

Blockchain

is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting cost for all involved 

Machine Learning

is the study of computer algorithms that can improve automatically through experience and by the use of data. It is seen as a part of artificial intelligence

Cloud Infrastructure

is the delivery of computing services - including servers, storage, databases, networking, software, analytics, and intelligence over the internet

Globalization

is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology

Big Data

is a field that treats ways to analyze, systematically extract information from, or otherwise deal with data sets that are too large or complex to be dealt with by traditional data-processing application software

Database Architecture

is composed of models, policies, rules or standards that govern which data is collected, and how it is stored, arranged, integrated, and put to use in data systems and in organizations

Scalability

the measure of a system's ability to increase or decrease in performance and cost in response to changes in application and system processing demands