Business Intelligence Flashcards
BI
Business Intelligence
BA
Business Analytics
What is the difference in BI and BA?
Business Intelligence involves taking a thorough look at past, present and historic operations and collecting data
Business Analytics is about using the data to identify the current challenges and predicting future hardships and gearing business towards better productivity and a more stable future.
Cloud Data Warehouse
a database stored as a managed service in a public cloud and optimized for scalable BI and analytics
Four examples of Cloud Data Wearhouse vendors
Amazon RedShift, Snowflake, Google Big Query, or PostgreSQL
What is SQL
Structured Query Language. A language used to communicate with a database.
ETL
Extract, Transform and Load. ETL is a technology that automatically routes various streams of data into a one place for analysis.
Predictive Analytics
Predictive analytics encompasses a variety of statistical techniques from data mining, predictive modelling, and machine learning that analyze current and historical facts to make predictions about future or otherwise unknown events.
How to ask a Buyer - Are you looing for the ability to find patterns and trends within the data?
OLAP
- online analytical processing is a computing method that enables users to easily and selectively extract and query data in order to analyze it from different points of view.
How we ask buyers? - Are you looking for the ability to “dig in” and “slice and dice” the data
Embedded analytics
Embedded analytics is the integration of analytical capabilities and data visualizations into another software application
What two questions must we ask if someone wants Embedded Analytics?
- What is the use case for the embedded? How is this going to be embedded?
- Are you considering using amazon web services (AWS) to host the applications?
Admin vs Basic Users
Admin- People creating reports and pulling data
Basic- People just viewing reports
Cloud Budget
Cloud at min $10K-$20k first year and scales up to six figures plus
On Premise Budget
On-premise at min $40k for licenses, setup, training + Additional fees of ~15% for annual maintenance and updates
What must we say if user count is above 100 EMPS
100+ users screen for avg prices of $100k+