Important decisions may require more care in analyzing data because they have higher stakes, greater uncertainty, and more complexity. Data analysis can help managers to identify patterns, trends, correlations, and causal relationships that can inform their decision making. Data analysis can also help managers to evaluate alternatives, test hypotheses, and predict outcomes. However, data analysis is not a substitute for judgment, intuition, and creativity. Managers should also consider the quality, reliability, and validity of the data, as well as the ethical and social implications of their decisions. References: CITM Course Outline, Sample Exam - GAQM, TEST 1 2020, questions and answers - CITM 102 TEST BANKS … - Studocu
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In a database, each row represents a single, implicitly structured data item in a table. A row is also called a record or a tuple. A record contains multiple fields, each one defined in a different column. A field is the intersection of a row and a column, and it holds a single value. A column is also called an attribute or a field name, and it defines the type and constraints of the data in that column. References:
System analysis is the process of understanding and specifying the requirements of a system. The third step in system analysis is analysis and design, which involves creating models and diagrams to represent the system’s structure, behavior, and interactions. Analysis and design also includes identifying and evaluating alternative solutions, and selecting the best one based on criteria such as cost, feasibility, and user satisfaction. References: Certified Information Technology Manager (CITM) - gaqm.org, Module 3 – System Analysis and Design; CITM 305 - Systems Analysis and Design - Toronto Metropolitan University, Course Description and Sample Course Outline.
Explicit knowledge is the type of knowledge that can be easily articulated, expressed, and recorded in the form of text, number, symbol, code, formula, or musical note. It is the knowledge that is based on facts, data, and rules that can be shared and communicated. Examples of explicit knowledge are company policies, process documents, research reports, etc12345 References:
1: Different Types of Knowledge: Implicit, Tacit, and Explicit | Bloomfire
2: Tacit Knowledge Vs. Explicit Knowledge - Association for Intelligent Information Management
3: Tacit Knowledge: Definition, Examples, and Importance - Helpjuice
4: Explicit Knowledge: Definition, Examples, and Methods - Document360
5: Difference Between Explicit Knowledge and Tacit Knowledge - Key Differences