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Questions and Answers
What is the focus of Chapter 1 in the book?
What is the focus of Chapter 1 in the book?
- Recognizing the evolution of computerized support to analytics/data science (correct)
- Understanding the various types of analytics and selected applications
- Describing the business intelligence (BI) methodology and concepts
- Understanding the need for computerized support of managerial decision making
What does the term 'analytics ecosystem' refer to?
What does the term 'analytics ecosystem' refer to?
- The various key players and career opportunities in analytics (correct)
- The cognitive limits in processing and storing information
- The group communication and collaboration
- The hardware and software capabilities for data management
What is one of the evolving needs for decision support and analytics mentioned in the text?
What is one of the evolving needs for decision support and analytics mentioned in the text?
- Anywhere, anytime support
- Overcoming cognitive limits in processing and storing information
- Improved data management (correct)
- Group communication and collaboration
What does the term 'Big Data' refer to?
What does the term 'Big Data' refer to?
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What is the main focus of Figure 1.8 in the book?
What is the main focus of Figure 1.8 in the book?
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Study Notes
- The text is an overview of Business Intelligence (BI), Analytics, and Data Science from a managerial perspective, taken from the fourth edition of the book "Business Intelligence, Analytics, and Data Science".
- The need for computerized support in managerial decision making is recognized, with the evolution of such support leading to the current state of analytics and data science.
- BI methodology and concepts are described, including managing data warehouses and Big Data, overcoming cognitive limits, and knowledge management.
- Analytics is discussed, with various types identified and selected applications presented.
- The analytics ecosystem is outlined, highlighting key players and career opportunities.
- The business environment has changed, with increased hardware, software, and network capabilities enabling group communication, collaboration, and anywhere, anytime support.
- The evolution of decision support, business intelligence, and analytics is depicted in Figure 1.8.
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Description
Test your knowledge about the overview of business intelligence, analytics, and data science from a managerial perspective. Learn about the evolution of computerized support for managerial decision-making and its current state.
