Business Driven Information Systems 8th Edition by Paige Baltzan test bank

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353)       A fact is the confirmation or validation of an event or object. In the past, people primarily learned facts from books.

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354)       Zappos primary business focus is to sell books and competitive intelligence.

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355)       Order date, amount sold, and customer number are all forms of data.

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356)       Choosing not to fire a sales representative who is underperforming while knowing that the representative is experiencing family problems is a form of knowledge.

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357)       Information is data converted into a meaningful and useful context. The truth about information is that its value is only as good as the people who use it. People using the same information can make different decisions depending on how they interpret or analyze the information.

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358)       The Internet of Things (IoT) is a world where interconnected, Internet-enabled devices or “things” can collect and share data without human intervention.

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359)       Machine-to-machine (M2M) refers to devices that connect directly to other devices.

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360)       The Internet of Things (IoT) refers to devices that connect directly to other devices.

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361)       Predictive analytics extracts information from data and uses it to predict future trends and identify behavioral patterns.

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362)       Predictive analytics is a world where interconnected, Internet-enabled devices or “things” can collect and share data without human intervention.

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363)       Top managers use predictive analytics to define the future of the business, analyzing markets, industries, and economies to determine the strategic direction the company must follow to remain profitable. Tony will set the strategic direction for his firm, which might include introducing new flavors of potato chips or sports drinks as new product lines or schools and hospitals as new market segments.

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