Asked by rrtgvvcetggg on coursehero.com Information systems questions. Details are in the box 3. A drawback to high-velocity, automated decision-making systems is that they are unable to (from Chapter 12) handle high volumes of decisions. handle structured
decisions. handle semi-structured decisions. control themselves and respond to new environments. be applied to situations outside of the financial world. 5 All of the following are unique features of e-commerce technology, except (from Chapter 10) personalization/customization.
interactivity. universality. richness. global reach. 6 All of the following managerial roles can be supported by information systems except (from Chapter 12) figurehead. resource allocator.
spokesperson. disseminator. entrepreneur. 12 A household appliances manufacturer has hired you to help analyze their social media datasets to determine which of their refrigerators are seen as the most reliable. Which of the
following tools would you use to analyze this data? (from Chapter 6) text mining tools sentiment analysis software 2 pages Answer & ExplanationSolved by verified expert Answered by Kabeni on coursehero.com um dolor sit amet, consectetur adipiscing elit. Nam lacinia pu Other answerAnswered by nelionelxix on coursehero.com um dolor sit amet, consecte
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What is profiling?Profiling analyses aspects of an individual’s personality, behaviour, interests and habits to make predictions or decisions about them. The UK GDPR defines profiling as follows:
Organisations obtain personal information about individuals from a variety of different sources. Internet searches, buying habits, lifestyle and behaviour data gathered from mobile phones, social networks, video surveillance systems and the Internet of Things are examples of the types of data organisations might collect. They analyse this information to classify people into different groups or sectors. This analysis identifies correlations between different behaviours and characteristics to create profiles for individuals. This profile will be new personal data about that individual. Organisations use profiling to:
Profiling can use algorithms. An algorithm is a sequence of instructions or set of rules designed to complete a task or solve a problem. Profiling uses algorithms to find correlations between separate datasets. These algorithms can then be used to make a wide range of decisions, for example to predict behaviour or to control access to a service. Artificial intelligence (AI) systems and machine learning are increasingly used to create and apply algorithms. There is more information about algorithms, AI and machine-learning in our paper on big data, artificial intelligence, machine learning and data protection. You are carrying out profiling if you:
Although many people think of marketing as being the most common reason for profiling, this is not the only application. Example Profiling is used in some medical treatments, by applying machine learning to predict patients’ health or the likelihood of a treatment being successful for a particular patient based on certain group characteristics. Less obvious forms of profiling involve drawing inferences from apparently unrelated aspects of individuals’ behaviour. Example Using social media posts to analyse the personalities of car drivers by using an algorithm to analyse words and phrases which suggest ‘safe’ and ‘unsafe’ driving in order to assign a risk level to an individual and set their insurance premium accordingly. What is automated decision-making?Automated decision-making is the process of making a decision by automated means without any human involvement. These decisions can be based on factual data, as well as on digitally created profiles or inferred data. Examples of this include:
Automated decision-making often involves profiling, but it does not have to. Example An examination board uses an automated system to mark multiple choice exam answer sheets. The system is pre-programmed with the number of correct answers required to achieve pass and distinction marks. The scores are automatically attributed to the candidates based on the number of correct answers and the results are available online. This is an automated decision-making process that doesn’t involve profiling. What are the benefits of profiling and automated decision-making?Profiling and automated decision making can be very useful for organisations and also benefit individuals in many sectors, including healthcare, education, financial services and marketing. They can lead to quicker and more consistent decisions, particularly in cases where a very large volume of data needs to be analysed and decisions made very quickly. What are the risks?Although these techniques can be useful, there are potential risks:
Just because analysis of the data finds a correlation doesn’t mean that this is significant. As the process can only make an assumption about someone’s behaviour or characteristics, there will always be a margin of error and a balancing exercise is needed to weigh up the risks of using the results. The UK GDPR provisions are designed to address these risks. Further reading The European Data Protection Board (EDPB), which has replaced the Article 29 Working Party (WP29), includes representatives from the data protection authorities of each EU member state. It adopts guidelines for complying with the requirements of the GDPR. EDPB guidelines are no longer directly relevant to the UK regime and are not binding under the UK regime. However, they may still provide helpful guidance on certain issues WP29 adopted guidelines on automated individual decision-making and profiling – Chapter II, which have been endorsed by the EDPB. Is an example of a high velocity automated decision process?A Google search for the information takes less than five seconds. That's the power of high velocity automated decision making in today's world. Humans simply can't match a computer's speed and accuracy for making some decisions.
What is high velocity automated decision making?High-velocity Decisions involve quickly acting on reversible decisions; making decisions with partial information; being okay to disagree and commit anyway; and rapidly escalating misalignment. FOUR ELEMENTS OF HIGH-VELOCITY DECISION. Benzos argued that Day 2 companies make high-quality decisions slowly.
What are the main challenges with high velocity automated decision making?A drawback to high-velocity, automated decision-making systems is that they are unable to: respond to new real-world conditions. Mintzberg outlined three categories of managerial roles: interpersonal, informational, and decisional.
Which types of decisions are more prevalent at lower organizational levels?In general, structured decisions are more prevalent at lower organizational levels, and unstructured decision making is more common at higher levels.
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