Find
Search for over 200,000 study notes and past assignments!
Swap
Download study resources by swapping your own or buying Exchange Credits.
Study
Study from your library anywhere, anytime.
Complete study Notes for RMIT Business Computing
ISYS2056 - Business Computing 1
1 Found helpful • 17 Pages • Complete Study Notes • Year: Pre-2021
Computing Notes: The Role of IT in Business – Today • Creating office documents, maintaining schedules etc • Allowing employees to communicate with each other and with customers/suppliers • Capturing business transactions The Data, Information and Knowledge Continuum • Data – Facts and figures without any real context or meaning. • Information – Data that has been made meaningful and helps someone understand something. • Knowledge – Information that has been incorporated into someone’s view of the world. Big Data & Information Systems Data that organizations don’t know how to get value out of it because it is sitting in its most raw form or in a semi-structured or unstructured format Three characteristics that define Big Data: – volume, – variety and – Velocity – Business Analytics Is the term used to refer to the application of various technologies to enable analytical processing, data mining, performance management, and reporting, so supporting better business decision-making Business Analytics takes three forms: • Descriptive Analytics: The use of data to understand past and current business performance and so make informed decisions. • Predictive Analytics: Analysis of past performance in an effort to predict the future by examining historical data, detecting patterns or relationships in these data (i.e. creating a “model”), and then extrapolating these relationships forward in time. • Prescriptive Analytics: Using a model where the output of the model can be optimised (maximised) by adjusting the input alternatives, so “prescribing” what the best decision is. Decision Support System (DSS) • A DSS is a type of Information System that includes a model based set of procedures for processing data, to support judgments that must be made when making decisions (‘What-IF’ ?)
This document is 50 Exchange Credits
More about this document:
|
This document has been hand checkedEvery document on Thinkswap has been carefully hand checked to make sure it's correctly described and categorised. No more browsing through piles of irrelevant study resources. |
|
This is a Complete Set of Study NotesComplete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics. |
|
What are Exchange Credits?Exchange Credits represent the worth of each document on Thinkswap. In exchange for uploading documents you will receive Exchange Credits. These credits can then be used to download other documents for free. |
|
Satisfaction GuaranteeWe want you to be satisfied with your learning, that’s why all documents on Thinkswap are covered by our Satisfaction Guarantee. If a document is not of an acceptable quality or the document was incorrectly described or categorised, we will provide a full refund of Exchange Credits so that you can get another document. For more information please read Thinkswap's Satisfaction Guarantee. |
Studying with Academic Integrity
Studying from past student work is an amazing way to learn and research, however you must always act with academic integrity.
This document is the prior work of another student. Thinkswap has partnered with Turnitin to ensure students cannot copy directly from our resources. Understand how to responsibly use this work by visiting ‘Using Thinkswap resources correctly’.