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Data Source Example: Credit card swipes/RFID tags/Digital video surveillance/Emails/Radiology scans/Blogs Data life cycle: DataInformationKnowledgeWisdom
The Data life cycle in an organization Fig 4.1 P.114 Data SourcesData analysisResultSolutions Legislation can affect data archiving requirements:
PIPEDA January 1, 2004 Sarbanes-Oxley U.S. July 2002
Data Hierarchy Fig 4.3 P117 Bit/Byte=character/Field/Record/File(Master, transaction, P128) A logical grouping of characters into a work, a small group of words, or an identification number is called a field. It can also contain data other than text and numbers. A logical grouping of related fields, such as the students name, and the courses taken, the date, and the grade, compose a record. A logical grouping of related records is called a file or tale. A logical grouping of related tables would constitute a database.
What is a data warehouse ? It is a repository of historical data organized by subject to support decision makers in the org. A specialized form of database An architectural structure that defines how historical data is stored Linking components of the data warehouse via data communications increases the scope of data available Characteristic of a Data Warehouse 1. Organized by business dimension or subject. 2. Consistent 3. Historical 4. Non-volatile 5. Has ability to use on-line analytical processing (OLAP)is the process of performing complex, multi-dimensional analyses of data stored in a database or data warehouse 6. Multi-dimensional
7. Relationship with relational databases Advantage of data warehouses Data is Organized and consistent/Integrated (and possibly cleansed)/Historical and non-volatile/Optimized for access (for OLAP use, multi-dimensional) Disadvantage/constraints of data warehouses Very costly and complex to establish (hardware, software and people) Requires continual maintenance as supporting applications change Requires high levels of security to ensure access to authorized users Data is Not the system of record
Data Governance is an approach to managing information across an entire organization Master data are set of core data, such as customer, product, employee, vendor, geographic location, and so on, that span the enterprise information system and it is important to distinguish them from transaction data. Master Data management is a process that spans all organizational business processes and applications. Role of Data governance Planned approach to data management Involves the entire organization Creation, collection, handling and protection of information Video on the role of data governance and a data repository (data policy management) Note the difference between transaction and master files Master files (master data) is semi-permanent data, such as employee name, address, customer name, customer credit limit Master data management pertains to this type of data Transaction data represents business activities or event, such as payroll cheque, customer invoice Knowledge management systems (Fig 4.12 P133)
Tacit and Explicit knowledge Explicit knowledge is more objective, rational and technical while Tacit knowledge is cumulative, more subjective or experiential