18 Questions
BI tools access and analyze ______ sets and present analytical findings in reports, summaries, dashboards, graphs, charts, and maps.
data
The ______ is perhaps the archetypical BI tool.
dashboard
BI offers a way for people to examine ______ to understand trends and derive insights.
data
A company that wants to better manage its ______ chain needs BI capabilities to determine where delays are happening.
supply
BI tools provide quick, easy-to-digest access to ______ about an organization’s current state, based on available data.
insights
BI does not tell business users what to do or what will happen if they take a certain course, but rather helps in making ______ business decisions.
sound
Business intelligence gives organizations the ability to ask questions in ______ language and get answers they can understand.
plain
Instead of using best guesses, organizations can base decisions on what their ______ data is telling them.
business
BI helps organizations answer critical questions about ______ trends, among other things.
market
Business analytics is the process by which companies use ______ to solve business problems, monitor their business fundamentals, and identify new opportunities for growth.
data
Business intelligence provides ______ and current insights into the business.
past
By providing an accurate picture of the business at a specific point in time, BI provides an organization with the means to design a business strategy based on ______ data.
factual
Legal and governance teams rely on enterprise ______ management to adhere to regulatory and data privacy standards.
metadata
Business intelligence (BI) is software that ingests ______ data and presents it in user-friendly views.
business
Analyzing this data helps businesses gain ______ insights and inform decision-making.
actionable
According to CIO magazine, business intelligence offers a way for people to examine data to understand ______ and derive insights.
trends
Organizations can use the insights gained from business intelligence and data analysis to ______ business decisions.
improve
Users can analyze this information to gain insights into how the ______ is performing.
business
Study Notes
Business Intelligence
- BI tools access and analyze data sets to provide users with detailed intelligence about the state of the business.
- BI presents analytical findings in reports, summaries, dashboards, graphs, charts, and maps.
Reporting and Dashboards
- Reporting is a central facet of BI.
- Dashboards are hosted software applications that automatically pull together available data into charts and graphs.
Purpose of Business Intelligence
- BI offers a way for people to examine data to understand trends and derive insights.
- BI helps organizations make sound business decisions by streamlining the effort needed to search for, merge, and query data.
Importance of Business Intelligence
- BI gives organizations the ability to ask questions in plain language and get answers they can understand.
- BI helps organizations base decisions on factual data rather than best guesses.
- Examples of critical questions BI can answer include "Why are sales dropping in this region?" and "Where do we have excess inventory?"
Business Analytics
- Business analytics helps organizations mine, process, and visualize important business data.
- Business analytics takes advantage of patterns in businesses that would not be seen otherwise.
- It involves using data to solve business problems, monitor business fundamentals, identify new opportunities for growth, and better serve customers.
Enterprise Metadata Management
- Legal and governance teams rely on enterprise metadata management to adhere to regulatory and data privacy standards such as GDPR and CCPA.
- It allows them to define documents and assets, identify sensitive data, and audit compliance practices.
Learn about business intelligence tools, access, and analysis of data sets, and presentation of findings in reports and visualizations.
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