BI QUIZ 1 QUESTIONS & ANSWERS
BI is an umbrella term that combines what? - Answer -architectures, tools, databases,
analytical tools, applications, and methodologies
BI is a is a content -free expression meaning? - Answer -different things to different
people
BI's major objective - Answer -to enable easy access to data (and models) to provide
business managers with the ability to conduct analysis
BI helps transform data to.... - Answer -information (and knowledge), to decisions, and
finally to action
Definition of BI - Answer -BI & 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
Aspects of BI - Answer -1. Data Management
2. Descriptive Analytics
3. Predictive Analytics
4. Prescriptive Analytics
5. Business Performance Management
Data Warehouse Environment - Answer -Technical Staff build the data warehouse by
organizing, summaring, and standardizing the data sources
Business Analytics Environment - Answer -Business Users access the data then
manipulate it and get results through the user interface
Performance and Strategy - Answer -Managers/ executives come up with BPM
strategies from the results and manipulation through the user interface
The term BI was coined by who? - Answer -the Gartner Group in the mid-1990s
Importance of BI - Answer --#1 priority for CIOs
-businesses that are evidence-based generally outperform their competition, in terms of
growth, by a factor of two or more
-data is an organizational resource
Business Environmental factors - Answer -Globalization
Customer demand
Government regulations
Market Conditions
, Competition
Etc.
Business environmental factors can pressure or lead to what? - Answer -organization
responses
Organization Responses - Answer -Strategy
Partner's collaboration
real-time response
agility
increased productivity
new vendors
new business models
etc.
Organization Responses lead to what? - Answer -Decisions and support (analyses,
predictions, decisions)
3 types of decisions - Answer -structured
semi-structured
unstructured
3 types of control - Answer -operational
managerial
strategic
Components of an organizational IT - Answer --data
-function (processes)
-network
-people
-time
-motivation
-others
What are the four features that are suggested for a resource or capability to be
regarded as a source of sustained competitive advantages? - Answer --valuable
-rare
-costly to imitate
-organizationally embedded
Data Warehouse - Answer -A data warehouse is an integrated, subject-oriented, time-
variant, nonvolatile database that provides support for decision making
Evolution of Data Management - Answer -Manual systems,
File systems,
Centralized database systems,
BI is an umbrella term that combines what? - Answer -architectures, tools, databases,
analytical tools, applications, and methodologies
BI is a is a content -free expression meaning? - Answer -different things to different
people
BI's major objective - Answer -to enable easy access to data (and models) to provide
business managers with the ability to conduct analysis
BI helps transform data to.... - Answer -information (and knowledge), to decisions, and
finally to action
Definition of BI - Answer -BI & 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
Aspects of BI - Answer -1. Data Management
2. Descriptive Analytics
3. Predictive Analytics
4. Prescriptive Analytics
5. Business Performance Management
Data Warehouse Environment - Answer -Technical Staff build the data warehouse by
organizing, summaring, and standardizing the data sources
Business Analytics Environment - Answer -Business Users access the data then
manipulate it and get results through the user interface
Performance and Strategy - Answer -Managers/ executives come up with BPM
strategies from the results and manipulation through the user interface
The term BI was coined by who? - Answer -the Gartner Group in the mid-1990s
Importance of BI - Answer --#1 priority for CIOs
-businesses that are evidence-based generally outperform their competition, in terms of
growth, by a factor of two or more
-data is an organizational resource
Business Environmental factors - Answer -Globalization
Customer demand
Government regulations
Market Conditions
, Competition
Etc.
Business environmental factors can pressure or lead to what? - Answer -organization
responses
Organization Responses - Answer -Strategy
Partner's collaboration
real-time response
agility
increased productivity
new vendors
new business models
etc.
Organization Responses lead to what? - Answer -Decisions and support (analyses,
predictions, decisions)
3 types of decisions - Answer -structured
semi-structured
unstructured
3 types of control - Answer -operational
managerial
strategic
Components of an organizational IT - Answer --data
-function (processes)
-network
-people
-time
-motivation
-others
What are the four features that are suggested for a resource or capability to be
regarded as a source of sustained competitive advantages? - Answer --valuable
-rare
-costly to imitate
-organizationally embedded
Data Warehouse - Answer -A data warehouse is an integrated, subject-oriented, time-
variant, nonvolatile database that provides support for decision making
Evolution of Data Management - Answer -Manual systems,
File systems,
Centralized database systems,
