BSAN 160 ACTIVITIES AND QUIZ QUESTIONS AND
ANSWERS
Business Intelligence (BI) - CORRECT ANSWER✅✅✅concerned with managing and using complex,
multidimensional data to support business decisions and improve performance
Business Analytics - CORRECT ANSWER✅✅✅component of BI
the process of developing actionable decisions or recommendations for actions based on insights
generated from historical data
Data Visualization - CORRECT ANSWER✅✅✅the use of visual representations to explore, interpret,
and communicate data or information derived from the data
Goal: presents key insights from data in ways that reduce the cognitive burden for the audience
facilitates the generation and presentation of insights to support decisions
Traditional Reporting - CORRECT ANSWER✅✅✅entails manual collection and processing/analysis of
data to obtain information for decisions
time consuming and adapts slowly
Decision Support System (DSS) - (later known as BI systems) - CORRECT ANSWER✅✅✅combines
human expertise with computer capabilities, utilizing data and models to solve problems
BI Systems (formerly DSS) - CORRECT ANSWER✅✅✅combines databases, analytical tools, and
advanced software applications to produce interactive reports and analyses.
based on the transformation of data to information, then information to decisions and actions
,Four components of BI - CORRECT ANSWER✅✅✅1. Data Warehouse
2. Business Analytics
3. Business Performance Management
4. User Interface
Online Transaction Processing (OLTP) Systems - CORRECT ANSWER✅✅✅handles a company's
routine ongoing business
Goal: capture the data accurately and store it reliably
Online Analytical Processing (OLAP) Systems - CORRECT ANSWER✅✅✅gives management the ability
to scour data for information about the business and support/guide decisions
uses data warehouses
Goal: make relevant data available quickly and conveniently (single repository) for analysis
Data (definition) - CORRECT ANSWER✅✅✅facts (plural of datum)
collections of observations, transactions, or experiences, as measurements of a set of variables
Data (consists of) - CORRECT ANSWER✅✅✅numbers, words, and images
Raw Data (consists of) - CORRECT ANSWER✅✅✅errors, uncertainty, nuances, and biases
Descriptive Analytics - CORRECT ANSWER✅✅✅provides knowledge of what's happening in and
around an organization and can enable identification of underlying patterns, causes, and effects
ex. in hospitals:
, patterns in variables - likely values of hospitalization cost, trend in patient volume.
relationship between variables - patient volume vs waiting time
Contemporary Data Visualization Tools - CORRECT ANSWER✅✅✅facilitates powerful insights in a
firm's operations or business environment
Predictive Analytics - CORRECT ANSWER✅✅✅the use of statistical techniques and data mining to
predict what is going to happen (future/unknown values of an outcome of interest) using current and
past data
Predictive Model (PM)
Prescriptive Analytics - CORRECT ANSWER✅✅✅aims to not only predict what is going to happen but
compare different actions/decisions and select best decisions based on certain performance criteria
Prescriptive Model
Structured Data - CORRECT ANSWER✅✅✅1. easier for computers to process
2. categorical vs numerical
organized in tabular arrays with variables, observations, and values.
ex. a spreadsheet
Unstructured Data - CORRECT ANSWER✅✅✅easier for humans to process/digest
Semi-structured Data - CORRECT ANSWER✅✅✅XML, HTML, Log files, etc.
ANSWERS
Business Intelligence (BI) - CORRECT ANSWER✅✅✅concerned with managing and using complex,
multidimensional data to support business decisions and improve performance
Business Analytics - CORRECT ANSWER✅✅✅component of BI
the process of developing actionable decisions or recommendations for actions based on insights
generated from historical data
Data Visualization - CORRECT ANSWER✅✅✅the use of visual representations to explore, interpret,
and communicate data or information derived from the data
Goal: presents key insights from data in ways that reduce the cognitive burden for the audience
facilitates the generation and presentation of insights to support decisions
Traditional Reporting - CORRECT ANSWER✅✅✅entails manual collection and processing/analysis of
data to obtain information for decisions
time consuming and adapts slowly
Decision Support System (DSS) - (later known as BI systems) - CORRECT ANSWER✅✅✅combines
human expertise with computer capabilities, utilizing data and models to solve problems
BI Systems (formerly DSS) - CORRECT ANSWER✅✅✅combines databases, analytical tools, and
advanced software applications to produce interactive reports and analyses.
based on the transformation of data to information, then information to decisions and actions
,Four components of BI - CORRECT ANSWER✅✅✅1. Data Warehouse
2. Business Analytics
3. Business Performance Management
4. User Interface
Online Transaction Processing (OLTP) Systems - CORRECT ANSWER✅✅✅handles a company's
routine ongoing business
Goal: capture the data accurately and store it reliably
Online Analytical Processing (OLAP) Systems - CORRECT ANSWER✅✅✅gives management the ability
to scour data for information about the business and support/guide decisions
uses data warehouses
Goal: make relevant data available quickly and conveniently (single repository) for analysis
Data (definition) - CORRECT ANSWER✅✅✅facts (plural of datum)
collections of observations, transactions, or experiences, as measurements of a set of variables
Data (consists of) - CORRECT ANSWER✅✅✅numbers, words, and images
Raw Data (consists of) - CORRECT ANSWER✅✅✅errors, uncertainty, nuances, and biases
Descriptive Analytics - CORRECT ANSWER✅✅✅provides knowledge of what's happening in and
around an organization and can enable identification of underlying patterns, causes, and effects
ex. in hospitals:
, patterns in variables - likely values of hospitalization cost, trend in patient volume.
relationship between variables - patient volume vs waiting time
Contemporary Data Visualization Tools - CORRECT ANSWER✅✅✅facilitates powerful insights in a
firm's operations or business environment
Predictive Analytics - CORRECT ANSWER✅✅✅the use of statistical techniques and data mining to
predict what is going to happen (future/unknown values of an outcome of interest) using current and
past data
Predictive Model (PM)
Prescriptive Analytics - CORRECT ANSWER✅✅✅aims to not only predict what is going to happen but
compare different actions/decisions and select best decisions based on certain performance criteria
Prescriptive Model
Structured Data - CORRECT ANSWER✅✅✅1. easier for computers to process
2. categorical vs numerical
organized in tabular arrays with variables, observations, and values.
ex. a spreadsheet
Unstructured Data - CORRECT ANSWER✅✅✅easier for humans to process/digest
Semi-structured Data - CORRECT ANSWER✅✅✅XML, HTML, Log files, etc.
