Read the summary and the most important questions on INF-20806

• Lecture 1

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• Which 6 descriptions should a business model entail?

  1. Products and services that you will provide
  2. A description of the business process(es) required to make and deliver 1
  3. A description of your customers + what value your products + services have to them (value proposition)
  4. Resources that you will need
  5. Supply chain partners that you need to be involved
  6. How this will generate reventue + profitability

• What are inbound logistics?

  The process related to receiving, storing and distributing inputs

• What is marketing & sales?

  the process you use to persuade clients to purchase form you instead of your competitors

• What is HR management?

  how well a company recruits, trains, motivates and rewards its workers.

• Lecture 2: Data Management I

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• What is an IP adress

  The location of a computer or device

• What is a byte

  1 single character (letter, number, symbol)

• What is a field

  1 column of data containing grouping of characters into a word or small set of words

• What is a record

  1 row of grouped related fields (student name + course + grade)

• What is master data?

  Core data that is informative and relatively durable. It is centrally managed, single version of the truth, often shared.

• What is transactional data?

  Events, a time stamp, a place, reason for event, distributed but not necessarily meaningful. Needs master data to be meaningful.