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Hardware and Software
Effectiveness and Efficiency
Pain and Gain
Data and Processes
Marketing Manager
Software Developer
Business-IT Architect
Logistics Expert
An activity can be effective but inefficient
An activity can be efficient but ineffective
An activity can be neither effective nor effecient
Efficiency and effectiveness are more or less the same
Corporate Integration Order
Chief Information Officer
Closed Innovation Office
Central Information Offensive
CEO, CFO, CIO, CTO and COO
Love, Sex, Drugs, Rock and Roll
Customers, Suppliers, Competitors, New Entrants and Substitute Products
Strengths, Weaknesses, Opportunities, Threats and Positioning
Do-it-yourself-stores like Homedepot, B&Q and Bauhaus
A business model with focus on real estate investments
Cement producers
Companies based on a classic business model with physical presence
Internet of things
Software as a service
Near field communication
Augmented reality
It is about virus protection
It is about e-mail encryption
It is about software quality testing
It is about authenticated user access
Business projects are part of the corporate business model
Business projects have a well-defined starting date and end date
Business projects require a special organization
Business projects deliver a unique result
SCRUM
Spiral Model
CMM
Waterfall Model
In Business Informatics, "data" and "information" are basically the same
"Stored data" can be understood as "knowledge"
"Data in context" can be understood as "information"
Data can be either explicit or implicit
Each business process should have a customer
Each business process has input and output
Each business process should generate profit
Each business process is time consuming
IPRA
ERM
BPMN
UML
Nominal Group Technique
De-aggregation
Brainstorming
Diagram Mapping
BPMN stands for “Business Process Model and Notation”
The BPMN supports different types of events
In BPM, an activity is represented by a "function" or "transformation"
In BPMN, an organizational unit is represented by a "pool" or “lane”
ERP
SCM
CRM
ECM
SAP
Apple
Microsoft
Infor
SAP's HCM Solution (Human Capital Management)
Oracle's BPM Suite (Business Process Management)
Microsoft's Excel (Spread Sheet)
IBM's BI Solution (Business Intelligence)
Specification of technical requirements
Specification of business requirements
Vendor evaluation
Preparation of the pilot operation
One goal is decision support
Historical data is important
Primarily appending new data, instead of updating data
Only relevant for strategic questions
There must be at least one customer in the database
Each order is related exactly to one product
Each line-item belongs to exactly one order
An order can belong to multiple customers
CPL
MDL
SQL
OPL
Cross Validation
Bootstrap
Jacknife
Permutation
Nearest-neighbor (NN) classifiers tend to have low variance and high bias
The bias in ridge regression typically grows with increasing regularization
The variance in k-NN classifiers increases with increasing k
The bias-variance tradeoff does not apply to classification trees
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