Data Mining and Actionable Information May 24‚ 2014 Data Mining and Actionable Information People need information for planning their work‚ meet deadlines‚ and achieve their goals. They also need information to analyze problems and make important decisions. Data is most definitely not in short supply these days‚ but not all data is useful or reliable. Actionable information offers data that can be used to make effective and specific business decisions (Soatto‚ 2009). In order
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It has been said that many organizations today find themselves DATA RICH → INFORMATION POOR → KNOWLEDGE STARVED It can be said today that many businesses are “data rich”‚ meaning that they have more raw data than they know what to do with. Most data rich businesses also find themselves “information poor”‚ meaning that they are not getting any useful information or value from their data. This in turn leads to organization’s becoming “knowledge starved”. In today’s competitive business environment
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Stages of Study and Evaluation of Internal Control The stages/activities involve in studying and evaluating internal control are: A. Obtaining an understanding of the entity’s internal control structure. B. Assessing the preliminary level of control risk. C. Obtaining evidential matter to support the assessed level of control risk. D. Evaluating the results of evidential matter. E. Determining the necessary level of detection risk. STAGE A. Obtaining an understanding of the entity’s internal
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Technology of the Future CIS 105 June 11‚ 2011 All of our technology has come a very long way over the years. From the very first phone or television that was invented‚ it is unbelievable how these same devices look and function in today’s world. You now have flat screen televisions instead of tube televisions. We advanced from the first phone to now having satellite phones and cell phones. Modern technology is very amazing in one aspect‚ but very
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1. Distinguish between internal control in a CIS environment and in non-CIS environment. A CIS environment exists when a computer of any type or size is involved in the processing by the entity of financial information of significance to the audit; whether that computer is operated by the entity or by a third party. Many of the control procedures used in manual processing also apply in a CIS environment. Examples of such control procedures include authorization of transaction‚ proper segregation
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Assignment 2: Logical Design‚ Part 1 Professor Cohen CIS-111 April 15‚ 2013 Advantages of Relational Model The relational model would provide Acme Global with a better understanding of the data needs of their organization. A Relational model offers data independence and efficient access. “The conceptual and external schemas provide independence from physical storage decisions and logical design decisions respectively.” (Ramakrishnan‚ 2007) “The benefits of using the relational model would
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1 Information Systems in the Workplace CIS/207 10/13/2014 Information Systems2 A business information system is defined by Hooper and Page (1997) as “the sum of all the tools‚ techniques and procedures used by the business to process data”. Information is necessary to get success because it is context formation of data. People use systems to store information. When someone input information in systems‚ it is processed and then the information is output through a process. Information System
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CIS 276 February 5th‚ 2013 1.What is meant by data redundancy? Data redundancy is a situation that occurs within database systems and involves the unintentional creation of duplicated data that is not necessary to the function of the database. 2.What problems are associated with data redundancy? 3.What is an entity? An entity is a person‚ place‚ object‚ event‚ or idea for which you want to store and process data. An attribute‚ field‚ or column is a characteristic or property of an entity.
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Gen/105 4/4/2014 Paper 1. Write a response of 200 to 300 words to explain how courses work at University of Phoenix. Use each of the following terms at least once in your explanation: At the University of Phoenix we use Threaded Discussions online to communicate with classmates and instructors through an online form. This way we can get messages to each other at all different times of the day. Electronic Forum is an online forum that is part of the online classroom. We can contact‚ start
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WEEKLY QUESTION CHAPTER 1. a) Differentiate between data‚ information and knowledge and provide an example to illustrate the differences. DATA | INFORMATION | KNOWLEDGE | Data is the things that are not give any specific meaning or to give explanation of some activity that happened. Example: I have the computer. | Information is the things that have specific meaning or the activity can be explained because we know the meaning or value. The data has been organized to give output to recipient. Example:
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