Q
Question: The 3 main Strategic goals are:Response:
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Reducing costs, Increasing
sales and Improving profits
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Data Warehouse, Business
Intelligence and Analytics
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Accuracy, Relevant and
Timelines
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Data, Information and
Knowledge
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Feedback:Not
the right choice: This is a 3 step process to turn data into information.
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Question: Identify the correct statement
with respect to BI.Response:
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Business Intelligence is a
term used to refer a number of activities a company may undertake to gather
information about their market or their competitors.
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The Business value of BI lies
in its use outside the organisation processes.
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Business Intelligence (BI)
doesnot provide in depth knowledge about performance indicators. Not the
right choice: Not the correct statement, since BI provides indepth knowledge
about performance indictors.
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BI doesnot allow you to use
information to realise why your business got the particular results. Not the
right choice: Not the correct statement, since BI allows you to use
information to realise why your business got the particular results.
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Question: Identify the correct statement
with respect to OLAP:Response:
Enterprise reporting provides
the organisation with the information needed to check and control behaviour.
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Online Analytical Processing
(OLAP) assists in faster collection of data research.
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OLAP is a managerial concept
which helps mangers in the organisations to manage information and make
factual decisions.
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OLAP is the initial stage in
BI value chain where data is developed from a data resource.
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Feedback:Not
the right choice: Its not OLAP, but Data resource is the initial stage in BI
value chain where data is developed from a data resource.
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Unit-01-4Mark
Question: Match
the following :Response:
Match
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Correct Answer
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User answer
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Feedback
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Match
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Correct Answer
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User answer
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Feedback
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Performance Mangement
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It is a BI solution
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final goals for authors, vendors and IT
consultants
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moments of clarity
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final goals for authors, vendors and IT
consultants
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It is a BI solution
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Competitors
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performance indicators
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performance indicators
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Competition analysis
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It is a BI activity
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Question: Match
the following :Response:
Match
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Correct Answer
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User answer
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Feedback
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Match
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Correct Answer
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User answer
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Feedback
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Data
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It is a raw fact that do not have context.
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It is information that is significant to an
organisation.
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Information
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It is a set of data that is relevant to one or
more people in time or for a period of time.
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It is a raw fact that do not have context.
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Knowledge
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It is an awareness of the fact or condition, to
know something with knowledge gained through experience or involvement.
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It is a set of data that is relevant to one or
more people in time or for a period of time.
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Organisational knowledge
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It is information that is significant to an organisation.
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It is an awareness of the fact or condition, to
know something with knowledge gained through experience or involvement.
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uestion: BI solutions includeResponse:
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Enterprise Reporting and Data Mining.
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Data cleansing and data quality management.
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Feedback:Not the right choice: This is one of the activity segment of BI.
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Online Analytical Processing (OLAP) and multidimensional analysis.
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Reporting, Information visualisation and Dashboards
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3 & 4
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2 & 3
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1 & 3
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Feedback:Not
the right choice: Option 3 is correct but option 1 is not correct. Because in
this competitive world, with high consumer expectation, the decisions that
are based on the most current data.
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1 & 2
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