Business Analysis

Question 1

The ability to use information to gain a deeper understanding of an organization and its parts, to see how the whole organization and its parts are performing (through business metrics) and to make sounds business decisions that are grounded in relevant and accurate facts rather than assumptions or “gut feelings.”

Answer 1

Business Intelligence

Question 2

Information is routinely gathered through different computer systems in all parts of the organization.

Answer 2

Data Gathering

Question 3

Information gathered from different systems is translated into a standard format, cleaned (or “scrubbed”) of errors and duplication, and then stored in databases related to specific uses (e.g., operations, finance, sales, HR).

Answer 3

Data Warehousing

Question 4

System that enables you to integrate these distinct databases.

Answer 4

Enterprise Resource Planning (ERP)

Question 5

Users can access the data they need and use stand-alone or integrated (ERP) business application software to sort, describe, and analyze data in myriad ways and to create report graphics, such as bar or pie charts.

Answer 5

Query and Reporting Capabilities

Question 6

User’s point of access to the data and applications stored on an information system.

Answer 6

Business Intelligence Portal

Question 7

This tool can analyze the data faster and in more ways than traditional relational databases.

Answer 7

Online Analytical Processing (OLAP)