Exam 1: Overview of Business Intelligence, Analytics, Data Science, and Artificial Intelligence: Systems for Decision Support

Select an analytic application and discuss its related business questions and business values (hint: see table 1.1 in the text)

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Question 1

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Student selection of applications will vary, but good details on the questions and values are found in table 1.1 in the text

Describe and define Big Data. Why is a search engine a Big Data application?

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Question 2

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• Big Data is data that cannot be stored in a single storage unit. Big Data typically refers to data that is arriving in many different forms, be they structured, unstructured, or in a stream. Major sources of such data are clickstreams from Web sites, postings on social media sites such as Facebook, or data from traffic, sensors, or weather.
• A Web search engine such as Google needs to search and index billions of Web pages in order to give you relevant search results in a fraction of a second. Although this is not done in real time, generating an index of all the Web pages on the Internet is not an easy task.

The goal of ________ analytics is to recognize what is going on as well as the likely forecast and make decisions to achieve the best performance possible.

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Question 3

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prescriptive

Analytics is the process of developing actionable decisions or recommendations for actions based on insights generated from historical data.

(True/False)

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Question 4

With more data and analysis technologies, more alternatives can be evaluated, forecasts can be improved, risk analysis can be performed quickly, and the views of experts can be collected quickly and at a reduced cost.

(True/False)

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Question 5

To exhibit real intelligence, machines need to perform the ________ range of human cognitive capabilities.

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Question 6

Deep learning would be classified as what stage in the evolution of decision support, business intelligence, analytics & AI?

(Multiple Choice)

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Question 7

In the opening case KONE has minimized downtime and shortened the repair time.

(True/False)

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Question 8

Intelligent technologies are limited to small-scale projects when they include AI combined with IoT.

(True/False)

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Question 9

Identify one technology for data analysis and decision support and briefly discuss its impact.

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Question 10

During the 1990s, the primary focus of information systems support for decision making focused on providing structured, periodic reports that a manager could use for decision making.

(True/False)

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Question 11

BI systems rely on a DW as the information source for creating insight and supporting managerial decisions.

(True/False)

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Question 12

When examining the analytic application of market basket analysis, which business question is not being asked?

(Multiple Choice)

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Question 13

Organization objectives comes in what stage of the decision-making process?

(Multiple Choice)

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Question 14

What problem-solving step is based on the understanding that solving the simpler subproblems may help in solving a complex problem?

(Multiple Choice)

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Question 15

The ________ phase includes the selection of a proposed solution to the model (not necessarily to the problem it represents).

(Short Answer)

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Question 16

Decision support systems couple the intellectual resources of individuals with the capabilities of the computer to improve the quality of decisions. It is a computer-based support system for management decision makers who deal with semistructured problems.

(True/False)

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Question 17

Setting the criteria for a choice comes in what stage of the decision-making process?

(Multiple Choice)

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Question 18

In a(n) ________ problem, the procedures for obtaining the best (or at least a good enough) solution are known.

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Question 19

The definition of implementation is straightforward because implementation is a simple, direct process with defined boundaries.

(True/False)

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Question 20

Showing 1 - 20 of 21

Select an analytic application and discuss its related business questions and business values (hint: see table 1.1 in the text)

Describe and define Big Data. Why is a search engine a Big Data application?

The goal of ________ analytics is to recognize what is going on as well as the likely forecast and make decisions to achieve the best performance possible.

Analytics is the process of developing actionable decisions or recommendations for actions based on insights generated from historical data.

With more data and analysis technologies, more alternatives can be evaluated, forecasts can be improved, risk analysis can be performed quickly, and the views of experts can be collected quickly and at a reduced cost.

To exhibit real intelligence, machines need to perform the ________ range of human cognitive capabilities.

Deep learning would be classified as what stage in the evolution of decision support, business intelligence, analytics & AI?

In the opening case KONE has minimized downtime and shortened the repair time.

Intelligent technologies are limited to small-scale projects when they include AI combined with IoT.

Identify one technology for data analysis and decision support and briefly discuss its impact.

During the 1990s, the primary focus of information systems support for decision making focused on providing structured, periodic reports that a manager could use for decision making.

BI systems rely on a DW as the information source for creating insight and supporting managerial decisions.

When examining the analytic application of market basket analysis, which business question is not being asked?

Organization objectives comes in what stage of the decision-making process?

What problem-solving step is based on the understanding that solving the simpler subproblems may help in solving a complex problem?

The ________ phase includes the selection of a proposed solution to the model (not necessarily to the problem it represents).

Decision support systems couple the intellectual resources of individuals with the capabilities of the computer to improve the quality of decisions. It is a computer-based support system for management decision makers who deal with semistructured problems.

Setting the criteria for a choice comes in what stage of the decision-making process?

In a(n) ________ problem, the procedures for obtaining the best (or at least a good enough) solution are known.

The definition of implementation is straightforward because implementation is a simple, direct process with defined boundaries.

Artificial Intelligence Concepts, Drivers, Major Technologies, and Business Applications

Nature of Data, Statistical Modeling, and Visualization

Data Mining Process, Methods, and Algorithms

Machine-Learning Techniques for Predictive Analytics

Deep Learning and Cognitive Computing

Text Mining, Sentiment Analysis, and Social Analytics

Prescriptive Analytics: Optimization and Simulation

Big Data, Cloud Computing, and Location Analytics: Concepts and Tool

Robotics: Industrial and Consumer Applications

Group Decision Making, Collaborative Systems, and AI Support

Knowledge Systems: Expert Systems, Recommenders, Chatbots, Virtual Personal Assistants, and Robo Advisors

The Internet of Things As a Platform for Intelligent Applications

Implementation Issues: From Ethics and Privacy to Organizational and Societal Impacts

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