Introduction to Business Intelligence
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Questions and Answers

What is Business Intelligence?

  • Software tools that allow users to create on-demand reports and queries
  • A class of information analysis based on databases that looks for hidden patterns in data
  • An umbrella term that combines architectures, tools, databases, applications, and methodologies to enable interactive access to data and informed decision making (correct)
  • A specific database used for decision-making applications

    • What is the function of a data warehouse in Business Intelligence architecture?

  • To conduct analysis of data using software tools
  • To support decision-making applications ranging from simple reporting to complex optimization (correct)
  • To create on-demand reports and queries
  • To look for hidden patterns in a collection of data

    • What are business analytics in the context of Business Intelligence?

  • Information analysis based on databases that looks for hidden patterns in data
  • Software tools that allow users to create on-demand reports, queries, and conduct analysis of data (correct)
  • A repository of data prepared to support decision-making applications
  • A specific database used for decision-making applications

    • What does data mining involve in the context of Business Intelligence?

    <p>Information analysis based on databases that looks for hidden patterns in a collection of data which can be used to predict future behavior</p> Signup and view all the answers

    What is the objective of Business Performance Management (BPM) based on balanced scorecard methodology (BSC)?

    <p>To optimize overall performance of an organization</p> Signup and view all the answers

    What does Business Intelligence (BI) provide to managers?

    <p>Accurate and timely information for decision making</p> Signup and view all the answers

    What is the major difference between Online Transaction Processing Systems (OLTP) and Online Analytic Processing (OLAP)?

    <p>OLTP handles routine ongoing business, while OLAP analyzes historical data for decision making</p> Signup and view all the answers

    Who are the three major types of BI users?

    <p>IT staff, power users, executives</p> Signup and view all the answers

    What is one way to present the business value of BI?

    <p>Pose business questions and show how they are answered with the support of BI</p> Signup and view all the answers

    What is the relationship between Business Intelligence (BI) and Decision Support Systems (DSS)?

    <p>BI evolved from DSS and provides accurate and timely information for decision making</p> Signup and view all the answers

    What does Data Visualization provide in Business Intelligence?

    <p>Graphical presentation of data and results of analysis</p> Signup and view all the answers

    How are most Business Intelligence systems constructed?

    <p>With commercially available tools and components</p> Signup and view all the answers

    What is the architecture of Business Intelligence focused on?

    <p>Executive and strategy orientation</p> Signup and view all the answers

    What is the objective of Online Analytic Processing (OLAP)?

    <p>To enable user query system and conduct analysis</p> Signup and view all the answers

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