Podcast
Questions and Answers
What is the main objective of Business Intelligence (BI)?
What is the main objective of Business Intelligence (BI)?
Which of the following technologies is NOT utilized in Business Intelligence (BI)?
Which of the following technologies is NOT utilized in Business Intelligence (BI)?
How is Business Intelligence (BI) viewed differently by business and IT?
How is Business Intelligence (BI) viewed differently by business and IT?
What are the tasks relevant to data and information that can be performed using various BI technologies?
What are the tasks relevant to data and information that can be performed using various BI technologies?
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What was the predecessor to the modern business dashboard?
What was the predecessor to the modern business dashboard?
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What are some user expectations that modern dashboards have been able to meet?
What are some user expectations that modern dashboards have been able to meet?
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What are the three enabling technologies that helped dashboards leverage reporting and analytics tools?
What are the three enabling technologies that helped dashboards leverage reporting and analytics tools?
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What was an important driver for dashboard use in many organizations?
What was an important driver for dashboard use in many organizations?
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What is the purpose of an automobile dashboard?
What is the purpose of an automobile dashboard?
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What are the categories of BI tools mentioned in the text?
What are the categories of BI tools mentioned in the text?
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What is the definition of business intelligence according to Gartner in 1996?
What is the definition of business intelligence according to Gartner in 1996?
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What is the convergence of performance management and business intelligence represented by?
What is the convergence of performance management and business intelligence represented by?
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What is the purpose of business intelligence tools?
What is the purpose of business intelligence tools?
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Which discipline has struggled to provide business value and find acceptance within organizations until it converged with business intelligence?
Which discipline has struggled to provide business value and find acceptance within organizations until it converged with business intelligence?
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Study Notes
Business Intelligence and Dashboards: Overview, Technologies, and Evolution
- Business intelligence (BI) is a decision support system that helps make business decisions using various resources and techniques for data gathering, transforming, storing, and analyzing.
- BI technologies include data warehousing, OLAP, data mining, analytical and statistical tools, querying and reporting tools, data visualization, dashboards, scorecards, etc.
- BI technologies enable tasks relevant to data and information, including collection, integration, analysis, interpretation, and presentation.
- Business intelligence is viewed differently by business and IT, with IT seeing it as a tool and business seeing it as information.
- There is no single universally used definition of business intelligence, but it encompasses concepts and methods to improve business decision making by using fact-based support systems.
- BI tools are software applications used to retrieve, analyze, and present data, traditionally working on stored data, and categorized as reporting and querying, OLAP, advanced visualization, advanced analytics, data warehousing, data mining, business performance management, and spreadsheets.
- Performance management and BI are two disciplines that need each other, and dashboards and scorecards represent their convergence, offering a combination where the value is greater than the sum of the individual components.
- Decision support systems date back to the 1960s and Executive Information Systems (EIS) systems in the 1980s, which had limitations leading to the development of modern business dashboards.
- User needs and requirements have changed dramatically, but the basic requirement of analyzing performance has not changed over time.
- Major technological innovations in the 1990s encompassed both hardware and software, enabling dashboards to leverage enabling technologies such as data warehousing and tools supporting reporting and analytics.
- Dashboards became an effective tool for managing enterprise metrics, consolidating and integrating information from disparate sources and presenting it to users.
- The automobile dashboard is a monitoring tool that displays the current state information at a glance, similar to how business dashboards provide real-time, multi-dimensional analysis, flexibility, ability to make changes on the fly, easy online access, and drilldown capabilities.
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Description
"Master Business Intelligence with Dashboards: Test Your Knowledge on BI Objectives and Technologies" - Test your knowledge on BI objectives and technologies with this quiz. Learn about the various resources and techniques used for gathering, transforming, storing, and analyzing data to make strategic and operational decisions. Challenge yourself and become an expert in BI with this quiz!
