[DSCI 320] - Midterm Exam Guide - Comprehensive Notes for the exam (28 pages long!)

• School: College of Charleston
• Department: Decision Sciences
• Course: DSCI 320
• Professor: Agrawal

Document Summary

Without information, an organization simply could not operate. Fact - the confirmation or validation of an event or object. Information age - the present time, during which infinite quantities of facts are widely available to anyone who can use a computer. Data - raw facts that describe the characteristics of an event or object. Information - data converted into a meaningful and useful context. Business intelligence - information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making. Knowledge - skills, experience, and expertise coupled with information and intelligence that creates a person"s intellectual resources. Knowledge worker individual valued for their ability to interpret and analyze information. Human resources: maintains policies, plans and procedures for the effective management of employees. Sales- performs the function of selling goods or services. Marketing: supports sales by planning pricing, and promoting goods or services.