Vocabulary 12

Question 1

Business Analytics (BA)

Answer 1

is the process of transforming data into insights to improve business decisions

Question 2

Business Intelligence (BI)

Answer 2

is the process of analyzing historical and current data, to uncover actionable insights for making decisions

Question 3

Data Warehouse

Answer 3

is a type of data management system that is designed to enable and support business intelligence (BI) activities, especially analytics. A data warehouse centralizes and consolidates large amounts of data from multiple sources

Question 4

Dashboard

Answer 4

is an information management tool used to track, analyze, and display key performance indicators, metrics, and data points. Use a dashboard to monitor the overall health of your business, department, or a specific process

Question 5

Democratization of information

Answer 5

is the process of making digital information accessible to the average non-technical user of information systems, without having to require the involvement of IT

Question 6

Descriptive

Answer 6

this type of data tells what happened, hindsight

Question 7

Predictive

Answer 7

This type of data describes what will happen, insight

Question 8

Prescriptive

Answer 8

This type of data describes how to make it happen, foresight