Business Intelligence Midterm Exam QUESTIONS AND CORRECT VERIFIED ANSWERS |ALREADY GRADED A+|

Business Intelligence Midterm Exam QUESTIONS AND CORRECT VERIFIED ANSWERS |ALREADY GRADED A+| A concise definition of BI (& Analytics) - Business Intelligence & Analytics are the techniques, technologies, systems, practices, methodologies and applications that analyze critical business data to help an enterprise better understand its business and market and make timely business decisions. What is Business Intelligence (BI)? - •BI is an umbrella term that combines architectures, tools, databases, analytical tools, applications, and methodologies •BI is a content-free expression, so it means different things to different people •BI's major objective is to enable easy access to data (and models) to provide business managers with the ability to conduct analysis •BI helps transform data, to information (and knowledge), to decisions, and finally to action Organizational Responses - •Be Reactive, Anticipative, Adaptive, and Proactive •Managers may take actions, such as -Employ strategic planning -Use new and innovative business models -Restructure business processes -Participate in business alliances -Improve corporate information systems