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

Question 1

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

Answer 1

True

Question 2

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

Answer 2

False

Question 3

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.

Answer 3

True

Question 4

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

Question 5

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.

Question 6

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.

Question 7

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

Question 8

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

Question 9

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

A) intelligence
B) design
C) choice
D) implementation

Question 10

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

A) intelligence
B) design
C) choice
D) implementation

Question 11

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

A) problem classification
B) problem decomposition
C) problem ownership
D) problem design

Question 12

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

A) Executive IT
B) Business Intelligence
C) Analytics
D) Automation

Question 13

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

A) What products should I combined to create a bundle offer?
B) Should I combined products based on slow-moving and fast-moving characteristics?
C) What customer is buying what product at what location?
D) Should I create a bundle from the same category or a different category line?

Question 14

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

Question 15

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

Question 16

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.

Question 17

An online retail site usually knows its customer as soon as the customer signs in, and thus they can offer ________ pages/offerings to enhance the experience.

Question 18

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

Question 19

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

Question 20

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

Question 21

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