14. Strategies for information Flashcards
What is the 4 V’s model for big data?
A model which shows the key features of big data
What are the 4 v’s for big data?
Volume
Velocity
Variety
Veracity
Volume
Organisation needs resources to store and manage data
Velocity
Organisations need to capture and process real time data
Variety
The systems need to be compatible and capable of accepting various forms of data
Veracity (reliability)
Is the data received fully representative of the whole data population
Limitations of big data?
Data overload
Cyber attack
Legal compliance
Ability to verify data
What is big data?
Large volumes of data that inundate a business day to day
What are different types of intelligent systems (cognitive technologies)
Artificial intelligence
Machine learning
Automation
What is AI?
The use of computers to perform tasks thought to require humans
What is machine learning?
Applies algorithms to give computers the ability to learn without being programmed to do so
What is automation>
Creation of technology to control and monitor activities without human interference
What are the stages to following when implementing a knowledge management strategy?
Identify knowledge
Capture and document existing knowledge
Circulate knowledge to appropriate people
Determine ways knowledge can be developed and tracked
Ensure it is kept secure and confidential
