IB Business 5.9 Key Term Check

Definition: This is an area of computer science that develops the ability of smart machines to perform tasks rather than natural or human intelligence, e.g., voice activated commands on smart devices.

• Big Data

• The internet of things

• Artificial Intelligence

• Virtual Reality

Definition: refers to access to extensive amounts of unprocessed (raw) and processed (structured) data from a broad range of sources.

• Data analytics

• Data mining

• Database

• Big data

Definition: refers to any Internet-enabled device that enables people to store, share, and transfer data with other electronic devices that can connect to the Internet.

• Technological Innovation

• The Internet of things

• Cloud computing

• Data centre

Definition: a management approach that relies on management information systems to improve productivity by managing employees and the tasks they perform in the most systematic and methodical ways.

• Digital Taylorism

• Maslow's Hierarchy

• Herzbergs 2 Factor

• Digital Divide

Definition: this refers to a firm’s policies, processes, and procedures used to safeguard its computer systems and networks from unwarranted attacks, such as information disclosure, data theft, or physical damage.

• Cyber management

• Cybersecurity

• Cybercrime

• Critical Infrastructure

Definition: These are a feature of critical infrastructure and refer to the use of learning algorithms that can learn things, solve problems, and make decisions independently by processing new data as these are received.

• Artificial Intelligence

• Artificial Neural Networks (ANN)

• Data Analytics

• Machine learning

Definition: This is a virtual, computer generated online space that enables businesses to store, organize, manage, process, and retrieve data in safe and efficient ways.

• Management Information Systems (MIS)

• Cloud computing

• Database

• Virtual Reality

Definition: This is a measure of customer loyalty by determining the extent to which existing customers will stick to the same brand when making future purchasing rather than switching to a rival brand.

• Customer retention

• Brand loyalty

• Brand awareness

• Customer share

TRUE OR FALSE

Data analytics refers to the process in which large sets of raw data are extracted to gather useful and valuable information.

• True

• False

Answer explanation

False - this is data mining

TRUE OR FALSE:

Unauthorized information disclosure, data theft, or physical damage to computer systems (hardware and software) are examples of cybersecurity.

• True

• False

Answer explanation

False - these are examples of cybercrimes