Business Intelligence

Question 1

Define Business Intelligence

Answer 1

Comprehensive, cohesive, integrated tools and processes that integrate, collect, capture and analyze data to generate information to support business decision making.

Question 2

What are the BI tools?

Answer 2

• Dashboards
• Portals
• Data analysis and reporting tools
• Data mining tools
• Data warehouses
• OLAP tools
• Data visualization

Question 3

Dashboards?

Answer 3

Use Web-based technologies to present key business performance indicators in a single integrated view.

Question 4

Portals?

Answer 4

Provide a unified, single point of entry for information distribution

Question 5

Data analysis and reporting tools?

Answer 5

Used to query multiple and diverse data resources to create integrated reports

Question 6

Data-mining tools?

Answer 6

Provide advanced statistical analysis to uncover problems and opportunities hidden within data

Question 7

Data warehouses?

Answer 7

Foundation of a BI infrastructure

Question 8

OLAP tools

Answer 8

Online analytical processing provides multidimensional data analysis

Question 9

Data Visualization?

Answer 9

Provide visual analysis and technologies understanding and create additional insight into business data and its true meaning

Question 10

BI architectural components

Answer 10

• Data store
• Query and reporting
• Data visualization
• Data monitoring and altering
• Data analytics

Question 11

Business Intelligence benefits

Answer 11

-Improved decision making
-Integrating architecture
-improved organizational performance
-Common user interface for data reporting and analysis
-Common data repository fosters single version of company data

Question 12

Three main areas of decision support data

Answer 12

Time span
Granularity
Dimensionality