MIS 302F Study Guide - Final Guide: Webmd, Vendor-Managed Inventory, Google Wallet

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Document Summary

Business intelligence terms: analytics - data --> information --> knowledge, data visualization - taking data and turning it into a visual that you can gather a conclusion from, data warehouse - database management system on steroids. Lots of data exist in old legacy systems - we must make information accessible. Dwh is a large-database repository that consolidates silo"ed data. All units are converted into the same format before going into the dwh: operational databases + other internal data + external data --> data extraction/cleaning/preparation programs -- Storage capacity is increasing as cost is decreasing - nearly unlimited creating data: velocity: new data is being created every millisecond in our world(twitter, stock market) Language is a problem, currency is a problem. How do you count current global inventory: too much data, what is the overall purpose of a business intelligence system, they provide information for improving decision making. To look at large amounts of data and find patterns by analyzing it.