BUS 101 - Chapter 2: Managing Information and Technology in Business Life

Data

Facts and statistics collected together for reference or analysis

Information

Facts provided or learned about something or someone

Information Technology

The systems, processes, and tools that enable organizations to collect, store, retrieve, analyze, and share data and the information obtained from it

Cookie

A file that a website you visit sends to your browser

Big Data

Used to describe these sets of data and their analysis, not only because of the amount of data they contain, but also because of how quickly they can be gathered using different technologies from a variety of sources

Cloud

A form of data storage and computing that is accessed remotely via the internet

Business Analytic

Involves build[ing] analysis models and simulations to create scenarios, understand realities and predict future states

Artificial Intelligence (AI)

Technology that mimics human thinking, helping organizations to automate tasks, analyze data, and inform decisions

Machine Learning (ML)

Can identify patterns and trends in data without traditional programming - that is relying on specific instructions from a programmer

Deep Learning

A type of machine learning that replicates neural networks, like those in the brain, to perform tasks like processing language and identifying images

Generative AI

Uses deep learning; can create new images, text, and other types of content

EX: ChatGPT

Data Breach

When a company has their data exposed to those who are not authorized to view it

Hacker

A person who accesses the data of an organization through unauthorized entry into its computer network

Identity Theft

When someone wrongfully obtains and uses another person's personal data in some way that involves fraud or deception, typically for economic gain

Ransomware

Hackers encrypt files with malicious software to make them inaccessible to the organization, then they demand money from the organization to access them

Cybersecurity

The actions an organization takes to protect data and information from those who might attempt to access and use it for unauthorized purposes

E-commerce

Selling products electronically online

Telecommute

Employees that work from home by accessing the internet

Hybrid Course

A course that is delivered partially using the traditional face-to-face (f2f) format, with the remainder being delivered online

Asynchronous Learning

Online

Synchronous Learning

Real time

Personal Brand

A person who showcases his/her professional skills when looking for a job

Internet of Things

Connections of a variety of devices, including electronics, appliances, and cameras, to the Internet

Public Network

A network that anyone can access

Virtual Private Network (VPN)

Encrypts any data that the user sends

Voice over Internet Protocol

Technology to place telephone calls using the Internet instead of traditional telephone networks

Offshoring

Located production facilities in other countries

Learning Management System

Are online platforms that enable two-way communication between students and instructors (or between students), allow instructors to deliver content to students via the Internet, and give students the ability students to submit assignments and view grades online