Enhancing Decision Making

What are the main analytic functionalities of BI systems?

• Predictive analytics, Big data analytics, Operational intelligence, Location analytics

• Forecasting, Data mining, Sensitivity analysis, Multidimensional analysis

• Interactive reports, Predictive maintenance, Decision support systems, Enterprise performance management

• Production reports, Parameterized reports, Dashboards/scorecards, Ad hoc query/search/report creation

What is the role of the Internet of Things (IoT) and Big Data analytics in predictive maintenance?

• Collecting and analyzing data from social media, online and in-store customer data

• Generating huge streams of data from web activities, sensors, and monitoring devices

• Creating real-time, personalized shopping experiences for online retailers

• Using various data and techniques to predict future trends and behavior patterns

MIS typically produce _____________________.

• new ways of looking at data that emphasize change, flexibility, and rapid response.

• assumptions, responses to ad-hoc queries, and graphic representations of existing data.

• solutions to semi-structured problems appropriate for middle management decision making.

• fixed, regularly scheduled reports based on data extracted from the organization's TPS

An information system that combines data from internal MIS with information from financial systems and external sources to deliver reports such as profit-loss statements and impact analyses, is an example of:

• ESS

• DSS

• MIS

• TPS

What is the purpose of decision-support systems?

• To analyze data from social media

• To provide real-time information

• To assist in managerial roles

• To support structured decisions

What are the stages in the decision-making process?

• Discovering, Identifying, Understanding, Exploring

• Planning, Organizing, Coordinating, Deciding

• Forecasting, Analyzing, Implementing, Monitoring

• Intelligence, Design, Choice, Implementation

Which of the following is NOT a part of business intelligence infrastructure?

• Databases

• Balanced Scorecards

• Data marts

• Data warehouses

Which of the following information systems supports a manager's role as a resource allocator?

• MIS

• DSS

• KMS

• ESS

What are the types of reports provided by business intelligence systems?

• Interactive reports, Predictive maintenance, Decision support systems, Enterprise performance management

• Predictive analytics, Big data analytics, Operational intelligence, Location analytics

• Production reports, Parameterized reports, Dashboards/scorecards, Ad hoc query/search/report creation

• Forecasting reports, Sensitivity analysis, Multidimensional analysis, OLAP

Which of the following statements best describes the term business intelligence?

• Software developed exclusively for business management

• The tools and techniques used to analyze and understand business data

• The infrastructure for warehousing, integrating, reporting, and analyzing business data

• Information systems involved in business decision making