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30 Cards in this Set
- Front
- Back
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Business intelligence (BI) is a narrow term that refers to specific architectures, tools, databases, analytical tools, applications, and methodologies. (True/False) |
False
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There are three main types of data warehouses, which are data marts, operational data stores, and enterprise data warehouses. (True/False) |
True
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BI system has four major components, they are? |
data warehouse, business analytics, business performance management; and a user interface
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IN the WSJ article, what was given as "the essense of the data-driven company"? |
Transparency & Accountability are the essence of the data-driven company
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According the the WSJ article, many employees get their information from _____ after the data has been cleaned up and verified. |
Dashboards
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Which of the following is not a data source to a data warehouse? |
ETL
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Once data are entered into the warehouse, users cannot change or update the data. Obsolete data are discarded, and changes are recorded as new data. This ________ characteristic is one of the characteristics of data warehousing.
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Nonvolatile
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Online Transaction Processing (OLTP) systems are involved in extracting information from data. In contrast, a data warehouse is typically a distinct system that provides storage for data that will be made use of in analysis.(True/False)
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False |
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Which of the following is not true about a successful BI implementation? |
BI installations are usually short tem projects |
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Name the parts of a data warehouse
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Independent Data Mart, Federated, Centralized Data Warehouse, Hub & Spoke
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The ETL process includes
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Load, Integrate, Select
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A data warehouse is...
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Integrated, Subject Oriented, Time Variant
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An Operational Data Store is
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Not Static
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Advantage of Star Schema
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Simpler Queries
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Advantage of Snowflake |
Data Integrity
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The Star Schema is.
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Most common, allows for simpler queries, simplest style of dimensional modeling
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What is a data cube?
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Needed for near instantaneous analysis of data, fast access to data
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Data Warehouse need
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Executive sponsorship, low data quality, good choice of architecture
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For successful DW implementation, you should avoid
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1) Loading all data just because it is available 2) Believing promises of scalability 3) Deliver data w/confusing definitions |
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Hub & Spoke Architecture is
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Scalable, Often develop iteratively, most famous DW architecture
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BPM is...
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1) Real time 2) Encourages collaboration 3) Alerts managers to impending problems |
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3 Components of BP
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1) A set of processes that are supported by technology that support financial and operational activities |
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BI is an outgrowth of BPM |
False (vice versa)
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Drawbacks of using financial data
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1) They are often products of allocations 2) They are lagging indicators 3) They are not process oriented |
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Characteristics of well designed dashboards |
1) they use visual components to highlight, at a glance, the data and exceptions that require action
2) they are transparent to the user and extremely easy to use 3) They enable drilldown |
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Most widely used performance management system is
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BSC (Balanced scorecard)
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BPM is
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1) A set of integrated closed-loop management and analytic processes addressing financial & operational activities 2) Tools for businesses to define goals and then measure and manage against those goals 3) Core of processes, modeling, analysis and monitoring of KPI's |
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BPM
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.....is a framework for organizing, automating, and analyzing business methodologies, metrics, processes, and systems to drive the overall performance of the enterprise.
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BPM is
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Strategy driven
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KPI's are multidimensional and
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Measure performance against targets, time frames as assigned to targets, ranges are encoded in software |
