material
Business intelligence (BI) - correct answer ✔✔Business analytics (BA) and data science (DS) are
other words for...
managerial work - correct answer ✔✔This course tells how smart people are using these
computer technologies to support ____________ - essentially, decision making, in order to
improve performance, service, and relationships in business, government and non-profit
worlds.
more difficult - correct answer ✔✔The business environment is becoming more complex and is
rapidly changing, making decision making...
faster and better decisions - correct answer ✔✔Businesses must respond and adapt to the
changing environment rapidly by making...
shrinking; expanding; Decision Support System - correct answer ✔✔The time frame for making
decisions is ___________, whereas the global nature of decision making is __________,
necessitating the development and use of Decision Support Systems
semi-structured and some unstructured problems - correct answer ✔✔DSS use data, models,
and sometimes knowledge management to find solutions for...
1980s - correct answer ✔✔Mainframes were "black holes", information went in but very little
came out, ad hoc querying was impossible, relational databases began to be used, disjointed
information systems began to be integrated
, 1990s - correct answer ✔✔The need for more versatile reporting than what was available in the
1980s era, Enterprise Resource Planning (ERP) led to the development of executive information
systems
2000s - correct answer ✔✔the data warehouse-driven, decision support systems began to be
called BI systems
2010s - correct answer ✔✔major commercial business intelligence (BI) products and services
were well established.
Business intelligence (broad) - correct answer ✔✔An umbrella term that combines
architectures, tools, databases, analytical tools, applications, and methodologies
Business intelligence (narrow) - correct answer ✔✔Descriptive analytics tools and techniques
(i.e., reporting tools
information; decisions; actions - correct answer ✔✔The process of BI is based on the
transformation of data to ___________, then to _________, and finally to ____________.
information; time; place - correct answer ✔✔It is a competitive imperative for managers to
have the right __________ at the right __________ and in the right _________. This is a mantra
for modern approaches to BI.
Data warehouse, business analytics, business performance management, user interface -
correct answer ✔✔Four major components of a Business Intelligence system
Data warehouse - correct answer ✔✔A distinct system that provides storage for data from
multiple sources that will be made use of in analysis.