Business Intelligence and Analytics

Business Intelligence and Analytics

Business Intelligence - ANS-important to help bring tools and data to every employee in
a format each can use, on a device each has, when each needs it

What is the primary goal of BI? - ANS-to help make people make decisions that can
improve company performance and promote competitive advantage

How does BI aid better decision making? - ANS-by analyzing if actions are resulting in
progress

Analysis Gap - ANS-the large gap between data businesses collect and the information
that decision makers require

Key performance indicators - ANS-manageable, measurable, and reliable to success

Data warehouse - ANS-collections of data from different information systems

What is a key part of data warehouse formation? - ANS-transforming the data into a
consistent format

Querying tools - ANS-easy to use software allowing users to get specific information
from a data base

Reporting tools - ANS-often bundled with query tools and present query output in
meaningful, understandable formats

What did querying and reporting tools do? - ANS-released the power of the data
warehouse to the masses

What are the 4 components of the business intelligence cycle? - ANS-1) Analysis
2) Insight
3) Action
4) Measurement

Analysis - ANS-filtering of conscious and subconscious of basic understandings and