Business Intelligence Exam 1 (A+ GUARANTEED)

Decision Support Systems (DSS) - Lecture 2 Day Slide 20 correct answers A conceptual framework for a process of supporting managerial decision- making, usually by modeling problems and employing quantitative models for solution analysis Four-phase decision making process - Lecture 2 Day Slide 24 correct answers Intelligence - involves searching for conditions that call for a decision Design - involves inventing, developing & analyzing possible alternatives Choice - involves selecting a course of action Implementation - involves adapting the course of action Business Intelligence (BI) - Lecture 2 Day Slide 38 correct answers BI is an umbrella term that combines architectures, tools, databases, analytical tools, applications, and methodologies Like DSS, BI 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 Four Major Components of a BI System - Lecture 2 Day Slide 41 correct answers a data warehouse, with its source data business analytics, a collection of tools for manipulating, mining, and analyzing the data in the data warehouse; business performance management (BPM) for monitoring and analyzing performance a user interface (e.g., dashboard) Reminder: READ AND UNDERSTAND Application Case 2.1 "What Makes Elevators Go Faster" - Lecture 3 Day Slide 7 correct answers REMINDER so flip the card Phase (1) Intelligence Phase (2) Design Phase (3) Choice Phase (4) Implementation Lecture 3 Day Slide 13 correct answers Think of the four phases of the decision making process. However, this time, rank the phases according to the phases they belong.