14 Questions
What is Business Intelligence?
An umbrella term that combines architectures, tools, databases, applications, and methodologies to enable interactive access to data and informed decision making
What is the function of a data warehouse in Business Intelligence architecture?
To support decision-making applications ranging from simple reporting to complex optimization
What are business analytics in the context of Business Intelligence?
Software tools that allow users to create on-demand reports, queries, and conduct analysis of data
What does data mining involve in the context of Business Intelligence?
Information analysis based on databases that looks for hidden patterns in a collection of data which can be used to predict future behavior
What is the objective of Business Performance Management (BPM) based on balanced scorecard methodology (BSC)?
To optimize overall performance of an organization
What does Business Intelligence (BI) provide to managers?
Accurate and timely information for decision making
What is the major difference between Online Transaction Processing Systems (OLTP) and Online Analytic Processing (OLAP)?
OLTP handles routine ongoing business, while OLAP analyzes historical data for decision making
Who are the three major types of BI users?
IT staff, power users, executives
What is one way to present the business value of BI?
Pose business questions and show how they are answered with the support of BI
What is the relationship between Business Intelligence (BI) and Decision Support Systems (DSS)?
BI evolved from DSS and provides accurate and timely information for decision making
What does Data Visualization provide in Business Intelligence?
Graphical presentation of data and results of analysis
How are most Business Intelligence systems constructed?
With commercially available tools and components
What is the architecture of Business Intelligence focused on?
Executive and strategy orientation
What is the objective of Online Analytic Processing (OLAP)?
To enable user query system and conduct analysis
Learn about the basics of Business Intelligence, including its definition, components, and processes, to understand how it enables data-driven decision-making in the business world.
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