Exam 6: Data: Business Intelligence

Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing reports for each salesperson, product, and part as well as departmental-wide sales reports by salesperson, product, and part. Ben's duties provide value-added to his company and would be categorized as occurring at the different information ________.

What can present the results of large data analysis looking for patterns and relationships that monitor changes in variables over time?

Within the data warehouse model, the internal databases could include marketing, sales, inventory, and billing.

What is information redundancy?

Velocity includes different forms of structured and unstructured data.

What is the logical view of information?

What describes technologies that allow users to "see" or visualize data to transform information into a business perspective?

What tracks corporate metrics such as critical success factors and key performance indicators and include advanced capabilities such as interactive controls allowing users to manipulate data for analysis?

Which of the following offers an advantage of using a data-driven website?

Data-driven decision management is usually undertaken as a way to gain a competitive advantage. A study from the MIT Center for Digital Business found that organizations driven most by data-based decision making had ________ productivity rates and ________ profits.

Real-time systems provide real-time information in response to requests.

What occurs when a system produces incorrect, inconsistent, or duplicate data?

Which of the following uses a variety of techniques to find patterns and relationships in large volumes of information that predict future behavior and guide decision making?

The physical view of information deals with the physical storage of information on a storage device.

What is analysis paralysis?

Some of the serious business consequences that occur due to using low-quality information to make decisions are all of the following except:

Distributed computing focuses on forecasting future trends and producing insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization.

Which of the following is a problem associated with dirty data?

What an outlier?

Comparative analysis can help managers with competitive monitoring where a company keeps tabs of its competitor's activities on the web using software that automatically tracks all competitor website activities such as discounts and new products.