Unit 5 MIS 213 - Information & Knowledge for Business Decision-Making

Vocabulary flashcards covering key concepts in knowledge management, decision support systems, artificial intelligence, and data analytics.

Knowledge Management

The process of generating, capturing, codifying, and transferring knowledge across an organization to create value.

Explicit Knowledge

Knowledge that is easily expressed and shared; known as 'knowing that.'

Tacit Knowledge

Knowledge that is difficult to communicate and is rooted in personal experiences; known as 'knowing how.'

Knowledge Management Cycle

The process that includes creation, capture and codification, storage and retrieval, transfer and application of knowledge.

Socialization

A process of knowledge creation involving shared experiences.

Externalization

The process of articulating tacit knowledge to make it explicit.

Cognitive Maps

Visual tools that represent knowledge structures or concepts within an organization.

Decision Support Systems (DSS)

Computer-based systems that help decision-makers utilize data and models for solving unstructured problems.

Business Intelligence

The process of analyzing data to support better business decision-making.

Data Mining

Techniques for discovering patterns and insights in large data sets.

Descriptive Analytics

Analytics that provide insights into past events and circumstances.

Predictive Analytics

Analytics that forecast future events based on historical data.

Prescriptive Analytics

Analytics that provide recommendations for actions based on data analysis.

Narrow AI

AI that is designed to perform a specific task or a narrow range of tasks.

Deep AI

AI that can perform tasks indistinguishably from humans.

Machine Learning

A branch of AI that develops applications that improve automatically through experience.