BUS-K 201 Lecture Notes - Lecture 1: Data Mart, Support Group, Regression Analysis
Document Summary
Be(cid:272)ause of moore"s la(cid:449), the (cid:272)ost of data (cid:272)o(cid:373)(cid:373)u(cid:374)i(cid:272)atio(cid:374)s a(cid:374)d data storage is esse(cid:374)tially zero. Future business professionals need to be able to assess, evaluate, and apply emerging information technology to business. Give you the background you need to assess, evaluate, and apply emerging information system technology into business. Mis: management information system: the management and use of information system that help organization achieve their strategies. A system s a group of components that interact to achieve some purpose. An information system is a group of components that interact to produce information. Information: knowledge derived from data/ data presented in a meaningful context/processed data/ a difference that makes a difference. Accurate: crucial for businesses, must be reliable in order to make good decisions. Timely: for its intended use, quarterly, monthly, daily, etc. Relevant: to context summarized to the appropriate level, to subject if you want short term mortgage data than no need for long term data.
