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Business Intelligence (BI) Concepts

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AppropriateRubellite
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8 Questions

What is a key component of BI?

Data sources and integration

What are the four key elements of the BI ecosystem?

Data, people, processes, and technologies

What is a category of BI tools based on their capabilities?

All of the above

What is the first step in the requirement-gathering process?

Identify internal and external stakeholders

What is the purpose of classifying data in the four-step process to prevent data privacy and security issues?

To identify and classify data

What is the last step in the requirement-gathering process?

Obtain sign-off from the stakeholders

What is a technique used to prevent data privacy and security issues?

Encryption

What is the purpose of determining the data source in the four-step process to prevent data privacy and security issues?

To determine the data source and where the data gets used

Study Notes

Business Intelligence Components

  • Data sources and integration
  • Warehousing
  • Analytics tools
  • Reporting and visual tools
  • OLAP (Online Analytical Processing)
  • CPM (Corporate Performance Management)
  • Real-time BI

BI Ecosystem

  • Four key elements: Data, people, processes, and technologies
  • All four elements should be considered when creating a business intelligence strategy

BI Tool Categories

  • Unified modeling language (UML)
  • Extract, transform, load (ETL) tools
  • Data warehousing tools
  • Data preparation and cleaning tools
  • Visualization and dashboarding tools
  • Reporting and querying tools
  • Mobile BI software tools
  • Cloud-based-SaaS BI software
  • Spreadsheets

Requirement-Gathering Process

  • Identify internal and external stakeholders
  • Identify objectives and KPIs, and build a roadmap
  • Meet stakeholders to understand requirements (functional and non-functional)
  • List assumptions, risks, and deliverables for the BI project
  • Obtain sign-off from stakeholders

Data Privacy and Security

  • Four-step process to prevent data privacy and security issues
  • Identify and classify data
  • Determine the data source and where the data gets used
  • Understand who uses the data
  • Apply data privacy and security techniques (encryption, authentication, authorization, and anonymization)

This quiz covers key components of Business Intelligence including data sources, analytics tools, reporting, and real-time BI. It also explores the BI ecosystem and strategy development.

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