Exam 11: Business Intelligence and Decision Support

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Which is not a characteristic or benefit of BI?

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D

Sensitivity analysis is extremely valuable in DSSs because it makes the system flexible and adaptable to changing conditions and to the varying requirements of different decision-making situations.

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Describe the mobile intelligence infrastructure.What factors are driving MI? Describe a MI app that you would find valuable as a manager.

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Answers will vary,but should mention some of the following.
Worldwide cell coverage and more powerful wireless 3G and 4G technologies are expanding Internet connectivity.The cloud is the infrastructure for new generations of Web and mobile apps.
Vendors have enormous incentives to develop mobile business apps and will bring about -changes in social networking,music,video,games,books,commerce,messaging,and location-based GPS apps.
Accessing information at any time,in any location,on a handheld device on a regular basis has changed the way that managers and other workers expect to make decisions.Interactive apps on mobile devices are revolutionizing information dissemination and consumption.And the alignment of business data,analytics,and mobile computing is transforming business processes.

__________ are areas in which managers fail to notice or to understand important information-and as a result make bad decisions or do nothing when action is needed.

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Formal business procedures,cost minimization,profit maximization and algorithms,such as those used by eHarmony to match its members,are example of __________ decisions.

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From an IT perspective,which of the following best describes BI and BI apps?

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As a manager,what type of problems would indicate that you could benefit from a BI solution?

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When you need to justify an IT investment,a(n)__________ is required to document your initiative and to move it through the approval and funding process.

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The speed with which Apple's iPhone and iTouch have sold is an indicator that MI (mobile intelligence)apps will be in high demand.

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__________ refers to a collection of ISs and technologies that support managerial decision making or operational control by providing information on internal and external operations.

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In a tight economy with high interest and unemployment rates,any business project requiring a large financial investment needs to __________.

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Managers rely on decision models because they __________ the situation or problem.

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Explain data mining.List three characteristics or objectives of data mining.

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Which of the following is not one of the three key business goals used to sell management on the need for a BI consolidation program?

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A key benefit of DSSs is that they make it easy for manager to perform __________,which is the study of the impact that changes in one or more parts of a model have on the outcome.

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Powerful devices using 3G IP-based networks combined with easy-to-use software are unifying communications.

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For-profit and nonprofit enterprises are getting more value from BI and existing data by extending information to all managerial levels and to employees.

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Extracted data,particularly when it's extracted from multiple sources,is not in usable format.Because of this problem,__________ tools have to map the field names of the same data types;and then reformat the data itself into a standard format.

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It's tough for managers to fully understand BI because BI apps are not stand-alone systems nor do they support a specific objective,as do SCM systems.

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Data mining is important in detecting __________,especially in insurance claims and credit card use.

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