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Flashcards in LO.3 Deck (13)
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1

3.1 Data Versus Information

Raw data/ unorganised facts need to be processed in order to make any sense of it. Otherwise it has no meaning.

2

3.2 Categories of information used by indivuduals

- Communications
- Education and training
- Entertainment
- Planning
- Financial
- Research
- Local dependant
- Benefits and Limitations

3

3.3 Categories of information used by businesses

- Knowledge management and creation
- Management information systems (MIS)
- Marketing, promotion and sales
- Financial analysis
- Contact management
- Decision making
- Internal and External communication
- big data

4

3.4 Stages of data analysis

- Identify the need
- Define scope
- Identify potential sources
- source and select information
- select the most appropriate tools
- process and analyse
- record and store information
- share results

5

3.5 Data analysis tools

- Data tables
- Visualisation
- Trend and pattern identification
- data cleaning
- geographic information system / location mapping

6

3.6 Information system structure

- Open systems
- Closed systems
- Characteristics
- Benefits and Limitaions

7

What is Big Data?

This is a large volume of data that businesses gain daily, it can be structured or unstructured. As there is such a large amount of data it is harder to structure.

8

What is Data mining?

This is an analytic process to try and find patterns or relations within data.

9

Describe the process of data into information

Data needs to be given a meaning/ context through a visual form or other way that allows it to be understood.

10

What does MIS Stand for?

Management Information System

11

Define Data Clensing

Ensuring data is of a good standard and has no errors. Can help reduce redundant data

12

What tools are best used for trend analysis

- Tables
- Graphs

13

What tools are best used to convey information quickly and with mainly images

- Visual
- Global Images