is 300 exam 2

Dark data

Mainly unstructured data that is often overlooked and consists of larger amounts of information that organizations store but do not actively use

Internal source data examples

Customer databases

Data governance

An approach to managing organizational information

Key component of a database

Tables

Primary key

A field that uniquely identifies each record in a table

Foreign key

A field that links to the primary key of another table

Data hierarchy

The structure of information starting from bits

Difference between a data mart and a data warehouse

A data mart is a smaller

Data

Raw facts

Information

Processed data

Knowledge

Information that has been understood and applied

Benefits of Knowledge Management Systems (KMS)

Better access to collective knowledge and improved efficiency

Drawbacks of KMS

High costs and resistance to change

Network bandwidth measurement

Bits per second (bps)

Enterprise networks

Networks that connect multiple local area networks (LANs) to form a backbone for wide area networks (WANs)

Digital divide

The gap between those who have access to technology and those who do not

Digital divide existence in America

Yes

TCP/IP

The protocol suite used for the Internet

TCP

Transmission Control Protocol

IP

Internet Protocol

Internet backbone

A high-capacity fiber optic network that carries Internet traffic globally

Deep web

Sites that are hidden from traditional search engines and require specific queries or permissions to access

World Wide Web (WWW)

A system of universally accepted standards for storing

Client/server architecture

A computing model where client devices request resources or services from centralized servers

Workflow

The sequence of processes through which a piece of work passes from initiation to completion

Enterprise Network

A network that connects various LANs to WANs

Difference with traditional networks and SDN

SDN offers more flexibility

Types of businesses in e-commerce

Brick-and-mortar

B2B

Business to Business

B2C

Business to Consumer

C2C

Consumer to Consumer

Mobile commerce (m-commerce)

The use of mobile devices for purchasing

Reverse auction

A bidding process where sellers compete to offer the lowest price for goods or services requested by buyers

NFC technology

Used in platforms like EMV cards for contactless payments

Payment gateway

A service that processes online payments

Payment gateway examples

PayPal

B2C complexity

Generally higher due to managing relationships with individual customers

Electronic mall

A single website that hosts multiple sellers

Fintech

Technology that aims to improve and automate the delivery of financial services

Difference between B2B and B2C e-commerce

B2C is generally more complex from a technological standpoint due to the need for direct customer interaction

Biggest concern with wireless networks

Security

Short-range networks

Wireless connectivity over limited distances

Short-range networks examples

NFC (Near-field communication)

Wireless sensor

A device that detects physical quantities and transmits data wirelessly

Internet of Things (IoT)

An interconnected network of devices that communicate via the Internet

Throughput

The amount of data successfully transmitted over a network in a given time period

Dematerialization process of smartphones

The trend of merging devices into more compact forms

Relation to Porter’s Five Forces

It relates to the threat of substitutes as smartphones replace standalone devices

Downsides of smartphones

Challenges of being constantly connected and potential digital fatigue

Porter's five forces

determine the shape of an industry, from internal competition to the negotiating power of customers and suppliers.