Chapter 1 Business Driven MIS: business intelligence

Question 1

Business intelligence

Answer 1

Information collected from
multiple sources such as
suppliers, customers,
competitors, partners, and
industries that analyzes
patterns, trends, and
relationships for strategic
decision making

Question 2

Data analyst

Answer 2

Collects, queries, and consumers
organizational data to uncover patterns and provide
insights for strategic business decision making

Question 3

Business analytics

Answer 3

The scientific process of
transforming data into insight for making better
decisions

Question 4

Data scientist

Answer 4

Extracts knowledge from data by
performing statistical analysis, data mining, and
advanced analytics on big data to identify trends, market
changes, and other relevant information

Question 5

Three Key Skills for a
Data Analyst

Answer 5

1. understanding of maths and statistics
2. coding skills to work with data
3. business area subject matter expertise

Question 6

Descriptive analytics

Answer 6

Describes part performance
and history

Question 7

Diagnostic analytics

Answer 7

examines data or content to
answer the questions, “Why did it happen?”

Question 8

Predictive analytics

Answer 8

extracts information from data
and uses it to predict future trends and identify
behavioral patterns

Question 9

Prescriptive analytics

Answer 9

Creates models including the
best decision to make or course of action to take