Intro to Big Data Final Flashcards
What is business intelligence?
An umbrella term that combines architectures, tools, databases, analytical tools, applications and methodologies.
What is the major objective of business intelligence?
To enable interactive, sometimes real time data to give business managers and analysts the ability to conduct appropriate analyses
What is the process of BI based upon?
Transformation
Who came up with the term Business Intelligence, and when?
Gartner Group in the mid-1990s
What are the four major components of a BI system?
A DW
Business analytics
BPM
User interface / dashboard
What legislation requires business leaders to document their business processes and sign off on their legitimacy?
Sarbanes-Oxley Act
What is BI not?
Transaction processing
What is OLTP?
Online transaction processing, a system that handles a company’s routine ongoing business. Store SCM & CRM data
What is OLAP
Online analytical processing systems, use DW
What is BAM?
Business activity management
What are shells?
Preprogrammed tools where all you have to do is insert your numbers
What is the definition of analytics?
The process of developing actionable decisions or recommendations for actions based on insights generated from historical data
What are the three levels of Business Analytics?
Descriptive, Predictive, Prescriptive
What are descriptive analytics?
Reporting analytics, knowing what is happening in the organization and understanding some underlying trends and causes of such occurrences
What are predictive analytics?
They aim to determine what is likely to happen in the future
What are prescriptive analytics?
goal is to recognize what is going on as well as the likely forecast and make decisions to achieve the best performance possible (aka decision or normative analytics)
What is a data warehouse?
DW is a pool of data produced to support decision making; it is also a repository of current and historical data of potential interest to managers throughout the organization
What is teradata?
symbolize the ability to manage terabytes (trillions of bytes) of data
What are the characteristics of Data Warehousing?
Subject oriented (comprehensive view of org) Integrated Time variant (time series) Nonvolatile
What is a data mart?
a smaller version of a DW that focuses on a particular subject or department
What is a dependent data mart?
DM created directly from the Data Warehouse
What is an independent data mart?
Small warehouse designed for a strategic business unit or a department but its source is not an EDW