Answer these questions from the Smart Data Book. What is the main idea behind Smart Data and what are the six elements (pages 2-3)? Provide some IDEF lexicons for executives (pages 10 -11). What are the three dimensions of Smart Data (14)? Discuss the short fuse and attention span (21-24). Write one double-spaced page and upload to Moodle.
Smart Data is a product of data engineering disciple and advanced technology. Making data smart enables a smart data strategy. Today, many organizations do not have a data strategy, much less a smart one, and the subject of data is not a part of executive's lexicon. Data should be at the top of executives priorities when executing their responsibilities.
There are six elements and they are
1) The introduction presents a Comprehensive Overview of smart data and smart data strategy.
2) Chapter 1, Context, presents the big picture including critical terms.
3) Chapter 2 presents the Elements essential to optimizing performance in the enterprise.
4) Chapter 3 discusses Barriers to optimizing performance and how to overcome them.
5) Chapter 4 presents Visionary Ideas including enabling technologies to help implement recommendations.
6) Chapter 5 called a CEO's Smart Data Handbook, presents an actionable summary format for the executive audience. An executive may read and reference this chapter without reading the balance of the book; however, a performance advantage is developed through the reader's complete grasp of topics presented here.
IDEF LEXICON FOR EXECUTIVES
Activities: Actions performed by people and machines, usually in combination, to produce certain outcomes, products, or accomplishments. Activities are used to define and describe processes.
Inputs: Resources such as capital and materials that are consumed or transformed by the activities that manifest in value-added outcomes with associated accounting for time, cost and quality.
Controls: Constraints on activities imposed by sources of regulation. Sources of regulation may be identified as organizations that issue controlling laws, regulations, policies, guidance, plans, budgets and schedules that define expectations for how work is done and their accomplishments and attributes. Controls may be self-imposed as in the case of business rules, for instance or may be externally imposed as in the case of laws and regulations.
Outputs: All results that may be identified as accomplishments, products, assets, cost and time consumed. Outputs can be expressed as positive values or negative values. In the production of goods and services, outputs will be a combination of positives and negatives with the difference being gain, profit or value.
Mechanisms: Methods or procedures that enable work to be done as defined by processes that include people and machines, i.e., associated jobs and organizations as well as specific equipment, hardware and software.

Three dimensions of Smart Data are:
1. Enterprise Performance Optimization Context
2. Interoperability Technology
3. Data associated Methods and Algorithms