Download MGSC 300 Final Exam: Data Visualization, Enterprise Mashups, and Business Dashboards and more Exams Computer Science in PDF only on Docsity!
MGSC 300 Final Advanced Learning
Exam.
How does data visualization contribute to our learning - Correct: ✔✔- adds visual display to analytics
- identify patterns that offer answers to business questions
- discover hidden data relationships, improve performance Heat maps - Correct: ✔✔- convey colors at a glance (ex: excel) Data visualization increasing - Correct: ✔✔Today's data discovery technologies provide greater data exploration and ease of use to help users find answers to "why" and "what if" questions through self- service analytic apps.
- real time data
- analytics
- interactive reporting tools 2 examples of Data visualization - Correct: ✔✔-Vendor Aqumin provides real time visual interpretation solutions for the financial services industry
- Aqumin's OptionVision enables traders, risk managers, and market participants to spot opportunities, risk, and market changes
- AlphaVision for Excel enables visual interpretation capabilities directly within the Microsoft Excel platform
- AlphaVision for Bloomberg is developed for professional portfolio managers, traders, and risk analysts and is connected directly to the Bloomberg Terminal to leverage data provided by Bloomberg.
- IBM SPSS Analytic Catalyst has made sophisticated analytics accessible. Analytic Catalyst enables business users to conduct the kind of advanced analysis that had been designed for experts in statistical software. The software fast tracks analytics by identifying key drivers, selecting an appropriate model, testing it, and then explaining the results in plain English
- Roambi Analytics is a leading mobile reporting and data visualization app designed for iPads and iPhones. The app can take data from most sources, including Box, Google Docs, spreadsheets, BI systems, databases, and Salesforce.com, and transform them into interactive data visualizations. What is an enterprise data mashup? - Correct: ✔✔combinations of data from various business systems and external sources, often in real
Why business workers may need business mashup technology - Correct: ✔✔nontechnical users can easily and quickly access, integrate, and display BI data from a variety of operational data sources Data mashup apps are used in organizations:
- For real-time awareness and data freshness
- To feed data to cross-functional dashboards
- For competitive analysis
- To monitor compliance and manage risk
- For disaster monitoring and disaster response
- To generate external vendor reports What are 3 benefits of mashup technology to the organization - Correct: ✔✔1. Combine and create their own data mashups 2.Enables agile BI (new data sources can be added to a BI system quickly via direct links) Describe business dashboards and their function. - Correct: ✔✔An executive dashboard displays a company's performance metrics, which are automatically updated in real time (every 15 minutes) based on custom programming and connectivity with existing business systems
- one data feed that tells management how the company is doing and brings in real time data and displays it as a dashboard
Why do you think dashboards must be in real time and customized for the executive or manager? - Correct: ✔✔-to give users a clear view of the current state of KPIs, real time alerts, and other metrics about operations
- aware of any meaningful changes in the metrics as they occur and to provide information for making decisions in real time
- aware of the details, can make real time decisions What are benefits of dashboards? - Correct: ✔✔1. Visibility
- Continuous improvement
- Single "sign on"
- Show deviations from what is planned or budgeted
- Accountability of employees (track how they're doing) Geospacial Data and Geographic Information Systems - Correct: ✔✔Use GIS to identify relevant demographics, proximity to highways, public transportation, and competitors' stores to select the best location options Using geographic data to improve business operations and customer relations
Why is IT strategic planning revisited on a regular basis? - Correct: ✔✔- keep pace with the rapid change of the industry
- IT planning is an ongoing process Describe the IT strategic planning process - Correct: ✔✔(see slide for more details)
- Creation of a strategic business plan
- Strategic IT plan
- medium-term IT plan, which identifies general project plans in terms of the specific requirements and sourcing of resources as well as the project and applications portfolio
- The project portfolio= lists major resource projects, including infrastructure, application services, data services, and security services that are consistent with the long-range plan
- The applications portfolio= is a list of major, approved information system projects that are also consistent with the long-range plan.
- Tactical plan= which details budgets and schedules for current-year projects and activities
How can IT business alignment be improved? - Correct: ✔✔- Commitment to IT planning by senior management
- CIO is a member of senior management
- Understanding IT and corporate planning
- Shared culture and good communication
- Multi-level links How does strong collaboration among the CIO and other chief level officers influence performance? - Correct: ✔✔- Achieve better results
- Adapt quicker
- Think together (same corporate strategy)
- Act together
- More aligned on strategy What skills are important to the CIOs success? - Correct: ✔✔- Political savvy
- Influence, leadership and power
- Relationship management
- Resourcefulness (thinking well under pressure, and making good decisions)
- Strategic planning
- Doing what it takes (preserving in the face of obstacles)
- Leading employees
- Customer acquisition, retention, loyalty
- Customer relationships, satisfaction, likes, recommendations, loyalty
- Brand image, reputation
- Price-value relationship Business
- Cycle times, defect rate processes
- Production throughput, productivity rates
- Cost per process
- Cost per transaction Innovation, Learning and Growth
- Employee skills, morale, turnover, capacity for change
- IT capabilities
- Employee motivation
- Percentage of revenue How does BSC align IT strategy with business strategy? - Correct: ✔✔BSC can be used to translate strategic plans and mission statements into a set of objectives and performance metrics that can be quantified and measured.
- clarify and update the strategy, align the IT strategy with the business strategy, and link strategic objectives to long-term goals and annual budgets What contributes to the complexity of the cloud strategy? - Correct: ✔✔Hybrid solutions create integration challenges. Cloud services—also referred to as edge services—have to integrate back to core internal systems. When selecting a vendor, what two criteria need to be assessed - Correct: ✔✔1. Experience with very similar systems of similar size, scope, and requirements. Experience with the ITs that are needed, integrating those ITs into the existing infrastructure and the customer's industry.
- Financial and qualified personnel stability. A vendor's reputation impacts its stability. Chapter 13 - Correct: ✔✔... What is a deliverable? - Correct: ✔✔A deliverable is an item that you hand off to the client or management for their review and approval and that must be produced to complete a project or part of a project
of the overall cost structure. Projects are approved subject to their costs. How can scope creep contribute to project failure? - Correct: ✔✔Scope creep refers to the growth of the project, which might seem inconsequential to the requestor. Scope creep is the piling up of small changes that by themselves are manageable but in aggregate are significant. What identifies an opportunity, problem, or need and the desired business outcomes of the project? - Correct: ✔✔A Project Business Case What are the items that you hand off to the client or management for their review and approval? - Correct: ✔✔A deliverable is an item that you hand off to the client or management for their review and approval and that must be produced to complete a project or part of a project. In this section, the project Business Case and Statement of Work are items needing approval. What are the three attributes that must be managed effectively for successful completion and closure of any project? - Correct: ✔✔Scope, Time, and Cost
What events are used to manage the project work effort, monitor results, and report a meaningful status to project stakeholders? - Correct: ✔✔Milestones are used to manage the project work effort, monitor results, and report meaningful status to project stakeholders. What is the longest path of tasks through a project? - Correct: ✔✔A critical path is the longest path of tasks through a project. What shows who has primary responsibility and who has support responsibility for the tasks listed in the WBS? - Correct: ✔✔A responsibility matrix shows who has primary responsibility and who has support responsibility for the activities listed in the WBS. What is the type of bar chart that shows the timeline of the project schedule? - Correct: ✔✔A Gantt chart is a horizontal bar chart that graphically displays the project schedule. When the project plan is finalized and agreed to, what is any change to the baseline? - Correct: ✔✔Variance Any change to the baseline is a deviation, or variance, to the plan—and it needs to be documented. What processes help to ensure that the impacts resulting from requested changes and corrective actions are managed across the
- People who were not intended users ask to be included
- Technology changed from the time the business case was written and system development began.
- The actions of a competitor, supplier, or regulatory agency triggered additional requests for functionality. What can be done to prevent runaway projects? - Correct: ✔✔Because scope creep is expensive, project managers impose controls on changes requested by users. These controls help to prevent runaway projects Chapter 14 - Correct: ✔✔... Describe privacy. - Correct: ✔✔the right to self-determine what information about you is made accessible, to whom, when, and for what use or purpose. Privacy means we have freedom of choice and control over our personal information, including what we do not want shared with or used by others.
What is the phenomenon where social users are concerned about privacy but their behaviors contradict these concerns? - Correct: ✔✔The privacy paradox refers to this phenomenon where social users are concerned about privacy but their behaviors contradict these concerns to an extreme degree. Users of social sites often claim that they are concerned about their privacy. At the same time, they disclose their highly personal lives, even content that is incriminating or illegal, in their profiles or posts. What is the use of social media to find, screen, and select job candidates? - Correct: ✔✔Social recruitment refers to use of social media to find, screen, and select job candidates. Often it involves searching information the job candidate did not want considered or that is illegal to use in the hiring process. Rejecting a job candidate because of concerns about the person's health from information on his or her Facebook page is an example of what? - Correct: ✔✔corporate social media discrimination Age, disability, gender, religion, and race are examples of what? - Correct: ✔✔Protected classes Why are the legal concepts of discrimination and negligent hiring competing demands on a business? - Correct: ✔✔These put pressure on prospective employers to find out what they can about a potential
When is predicting people's behavior not a violation of privacy? Give an example. - Correct: ✔✔It depends on the level of intrusiveness, and that can be very subjective. One might argue that Canadian Tire's credit card business inherently has purchase information and can analyze to determine risk of missed payments. What are the ethical challenges attached to 3D printing and 3D bioprinting? - Correct: ✔✔- Theft of intellectual property
- Do the organs go to the highest bidder?
- Who is legally responsible for the quality of the organs?
- Costly What technologies are blurring the boundary between the physical and digital worlds? - Correct: ✔✔The convergence of several technologies is blurring the digital and physical worlds. These converging technologies are: The explosion of connected M2M (machine-to-machine) devices and IoT (Internet of Things) Greater bandwidth Advanced robotics, including expanding human-robot collaboration in industries beyond manufacturing
Increased use of real time analytics What are the benefits of crowdsourcing? - Correct: ✔✔Crowdsourcing can give every business access to an agile workforce that is not only better suited to solving some of the problems that organizations struggle with today but in many cases will do it for free. (?) What do business apps improve? - Correct: ✔✔Enterprises are adopting apps to create better operational agility. They makes life simpler for employees and accelerates business growth. Why is resilience necessary? - Correct: ✔✔Business runs on networks and digital technology. Technology failures are business failures
