Podcast
Questions and Answers
BI tools access and analyze ______ sets and present analytical findings in reports, summaries, dashboards, graphs, charts, and maps.
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.
The ______ is perhaps the archetypical BI tool.
dashboard
BI offers a way for people to examine ______ to understand trends and derive insights.
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.
A company that wants to better manage its ______ chain needs BI capabilities to determine where delays are happening.
Signup and view all the answers
BI tools provide quick, easy-to-digest access to ______ about an organization’s current state, based on available data.
BI tools provide quick, easy-to-digest access to ______ about an organization’s current state, based on available data.
Signup and view all the answers
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.
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.
Signup and view all the answers
Business intelligence gives organizations the ability to ask questions in ______ language and get answers they can understand.
Business intelligence gives organizations the ability to ask questions in ______ language and get answers they can understand.
Signup and view all the answers
Instead of using best guesses, organizations can base decisions on what their ______ data is telling them.
Instead of using best guesses, organizations can base decisions on what their ______ data is telling them.
Signup and view all the answers
BI helps organizations answer critical questions about ______ trends, among other things.
BI helps organizations answer critical questions about ______ trends, among other things.
Signup and view all the answers
Business analytics is the process by which companies use ______ to solve business problems, monitor their business fundamentals, and identify new opportunities for growth.
Business analytics is the process by which companies use ______ to solve business problems, monitor their business fundamentals, and identify new opportunities for growth.
Signup and view all the answers
Business intelligence provides ______ and current insights into the business.
Business intelligence provides ______ and current insights into the business.
Signup and view all the answers
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.
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.
Signup and view all the answers
Legal and governance teams rely on enterprise ______ management to adhere to regulatory and data privacy standards.
Legal and governance teams rely on enterprise ______ management to adhere to regulatory and data privacy standards.
Signup and view all the answers
Business intelligence (BI) is software that ingests ______ data and presents it in user-friendly views.
Business intelligence (BI) is software that ingests ______ data and presents it in user-friendly views.
Signup and view all the answers
Analyzing this data helps businesses gain ______ insights and inform decision-making.
Analyzing this data helps businesses gain ______ insights and inform decision-making.
Signup and view all the answers
According to CIO magazine, business intelligence offers a way for people to examine data to understand ______ and derive insights.
According to CIO magazine, business intelligence offers a way for people to examine data to understand ______ and derive insights.
Signup and view all the answers
Organizations can use the insights gained from business intelligence and data analysis to ______ business decisions.
Organizations can use the insights gained from business intelligence and data analysis to ______ business decisions.
Signup and view all the answers
Users can analyze this information to gain insights into how the ______ is performing.
Users can analyze this information to gain insights into how the ______ is performing.
Signup and view all the answers
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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Learn about business intelligence tools, access, and analysis of data sets, and presentation of findings in reports and visualizations.
