An Overview of Business Intelligence, Analytics, and Data Science QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)

An Overview of Business Intelligence, Analytics, and Data Science QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW DSS (Decision Support Systems) - use data, models, and sometimes knowledge management to find solutions for semi-structured and some unstructured problems Business Intelligence (BI) - - [broad definition] an umbrella term that combines architectures, tools, databases, analytical tools, applications, and methodologies - [narrow definition] descriptive analytics tools and techniques (i.e., reporting tools) Process of BI - - based on the transformation of data to information, then to decisions, and finally to actions - mantra -- "right information at the right time and in the right place" 4 major components of a Business Intelligence (BI) system: - 1. DW - a data warehouse, with its source data (a distinct system that provides storage for data from multiple sources that will be made use of in analysis) 2. BA - business analytics, a collection of tools for manipulating, mining, and analyzing the data in the data warehouse 3. BPM - business performance management, for monitoring and analyzing performance and for strategy 4. UI - user interface (e.g., browser, portal, dashboard), for data visua