Ch. 4 Analytics Flashcards
making a choice that meets your needs and is satisfactory without necessarily being the best possible choice available.
satisficing
involves processing a certain kind of information in a specified way so that you will always get the right answer
structured decision
a type of decision for which there may be several “right” answers, and there is no precise way to get a right answer
non structured decision
a type of decision that happens repeatedly, and often periodically, whether weekly, monthly, quarterly, or yearly
recurring decision
a type of decision that you make infrequently (perhaps only once) and you may even have different criteria for determining the best solution each time
nonrecurring or ad hoc decision
a highly flexible and interactive IT system that is designed to support decision making when the situation includes nonstructured elements
(DIS) decision support system
allows you to communicate with the decision support system
user interface management component
the part of a decision support system that performs the functions of storing and maintaining information and also that of giving you access to information you want your DSS to use.
data management component
consists of a wide variety of statistical and analytical tools, techniques, and models
model management component
a decision support system designed specifically to analyze spatial information
(GIS) geographic information system
a highly computational data-mining technology that uses information and business intelligence to build a predictive model for a given business application
predictive analytics
the question you want addressed by the predictive analytics model
prediction goal
a process of using statistical, artificial intelligence, and linguistic techniques to convert information content in textual sources - like surveys, e-mails, blogs, and social media-into structured information
text analytics
improving the visibility of a website through the use of tags and key terms found in search engines
(SEO) search engine optimization
the science of making machines imitate human thinking and behavior
artificial intelligence (AI)
an artificial intelligence system that applies reasoning capabilities to reach a conclusion
expert system or knowledge-based system
an artificial intelligence system that is capable of finding and differentiating patterns
neural network
mathematical method of handling imprecise or subjective information
fuzzy logic
an artificial intelligence system that mimics the evolutionary, survival of the fittest process to generate increasingly better solutions to a problem
genetic algorithm
a small piece of software that acts on your behalf (or another piece of software’s behalf) performing tasks assigned to it
agent-based technology or software agent
software agent that can adapt and alter the the manner in which it attempts to achieve its assigned task
autonomous agent
software agent that works on multiple distinct computer systems
distributed agent
software agent that incorporates artificial intelligence capabilities such as learning and reasoning
intellectual agent
software agent that can relocate itself onto different computer systems
mobile agent
