Which of the following is a fundamental category of business intelligence analysis?
The three basic categories of BI analytics are reporting, data mining, and BigData.
Is the application of statistical techniques to find patterns?
“Data mining is the application of statistics in the form of exploratory data analysis and predictive models to reveal patterns and trends in very large data sets.”
Which of the following is a characteristic of decision trees?
Which of the following is a characteristic of a decision tree? They are used to select variables which are then used by other types of data mining tools.
Is a facility for managing an organization’s business intelligence data?
A data warehouse is a facility for managing an organization’s business intelligence data.
Which is true about business intelligence?
Description: Business intelligence (BI) is a broad category of application programs and technologies for collecting, storing, analyzing, and providing access to data from multiple data sources.
What is Business Intelligence with example?
Literally, business intelligence means being smarter about your business. … Examples of BI tools include data warehouses, dashboards, reports, data discovery tools, and cloud data services. This tool makes it possible to extract insights from your data.
What are the sources of business intelligence?
Common databases in use today include MS Access, Oracle, DB2, Informix, SQL, MySQL, Amazon SimpleDB, and many others. Traditionally, transactional databases—that is, those that record a company’s daily transactions, such as CRM, HRM, and ERP—were not considered optimal for business intelligence.
Which of the following is a purpose of a business intelligence system?
The purpose of business intelligence in business is to help company executives, business managers, and other operations workers make better and more informed business decisions. Companies also use business intelligence to cut costs, identify new business opportunities, and spot inefficient business processes.
What is business intelligence and how is it created?
BI (Business Intelligence) is a set of processes, architectures and technologies that transform raw data into meaningful information that drives profitable business actions. It is a suite of software and services to turn data into actionable intelligence and knowledge.
What are the characteristics of business intelligence systems?
10 Business Intelligence Features You Should Prioritize
- Self-service reporting. …
- Fast implementation. …
- Analysis in memory. …
- Data warehouse. …
- data visualization. …
- OLAP. …
- Report scheduling. …
- Advanced security.
What is business intelligence analysis?
Business intelligence (BI) is a technology-based process for analyzing data and delivering actionable information that helps executives, managers and workers make informed business decisions.
Is Excel a business intelligence tool?
In Office 365 Enterprise, you have BI capabilities available in Excel and SharePoint Online. This service allows you to collect data, visualize data, and share information with people in your organization across multiple devices.
What is the general process of business intelligence?
The general process of business intelligence is as follows: Collecting data and organizing it through reporting. Turn it into meaningful information through analysis. Make actionable decisions aimed at meeting strategic objectives.
What are the five basic tasks of business intelligence?
Common functions of business intelligence technology include reporting, online analytical processing, analytics, dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics, and prescriptive analytics.