Business Intelligence

Which among the choices is the objective of Business Intelligence?

• Its goal is to show how the business is going and achieving better decisions faster.

• It aims to show how the all the information about the business.

• Its goal is to computerized all the business transactions.

• It helps the owner to check on employees who are performing well and not.

TRUE OR FALSE

BI needs methods and programs to collect data and convert them into information to provide means to business owner to arrive to a better business decision.

• TRUE

• FALSE

Which among the following is NOT a component of Business Intelligence?

• Data Analytics

• Performance Management

• Data and Text Mining

• Predictive Modelling

• All of the above

It is a centralized and structured set of data stored on a computer system and provides facilities for retrieving, adding, modifying, and deleting the data when required.

• data structure

• information

• database

• data warehouse

Posts on social media is an example of unstructured data because it is stored in native format. However, it cannot be used as part of data needed in Business Intelligence.

• TRUE

• FALSE

Structured data is a standardized and clearly defined data and it comes from the data warehouses. Which of the following is NOT an example of structured data?

• contact list

• product databases

• customer's feedback

• customer's information

TRUE OR FALSE.

As a business owner, having an anytime access to organized data will be a helpful tool to determine an inefficient business patterns that you need to address right away.

• TRUE

• FALSE

If a shopping business has a physical store and at the same time an online shop, what advantage can a business intelligence give it?

• Option A: The business owner can understand what products the customers frequently buy.

• Option B: The business owner will be able to determine the location of the customer.

• Option C: The business owner will be able to know where the customer likely want to shop, through physical store or online

• Both Option A and C

• Both Option A and B

BRM acts a liason officer between IT and other business units. He is responsible for understanding the business ensure to provide better overall business strategy. What does BRM stand for?

• Business Recruitment Manager

• Business Relation Manager

• Business Reformation Manager

• Business Relative Manager

TRUE OR FALSE.

Business Intelligence uses both past and current data to inform current decisions for current success. However, it cannot predict what will happen in the future.

• TRUE

• FALSE