Exam 6: Data: Business Intelligence

A) Data governance
B) Data latency
C) Data validation
D) Data gap analysis

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A) A statement about what will happen or might happen in the future,for example,predicting future sales or employee turnover
B) A statistical process that finds the way to make a design,system,or decision as effective as possible,for example,finding the values of controllable variables that determine maximal productivity or minimal waste
C) Predictions based on time-series information
D) A statistical process for estimating the relationships among variables

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A) A business that collects personal information about consumers and sells that information to other organizations
B) A storage repository that holds a vast amount of raw data in its original format until the business needs it
C) A technique for establishing a match, or balance, between the source data and the target data warehouse
D) An approach to business governance that values decisions that can be backed up with verifiable data
A data broker is a business that collects personal information about consumers and sells that information to other organizations.

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A) Formatted data
B) Misleading data
C) Correct data
D) All of these choices

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A) The time it takes for data to be stored or retrieved
B) The management and oversight of an organization's data assets
C) The tests and evaluations used to determine compliance with data governance policies to ensure correctness of data
D) When a company examines its data to determine if it can meet business expectations,while identifying possible data gaps

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A) Every department has its own method for recording data
B) Lack of data standards across departments
C) The data,if available,were often incorrect or incomplete
D) All of these choices

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A) Inconsistent data definitions
B) Lack of data standards
C) Effective direct data access
D) Poor data quality

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A) Governance
B) Type
C) Timeliness
D) Quantity

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A) A historical perspective offers important variables for determining trends and patterns.
B) Looking at the current business situation allows managers to take effective action to solve issues before they grow out of control.
C) Setting strategic direction is critical for planning and creating solid business strategies.
D) None of these choices

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A) Distributed computing
B) Advanced analytics
C) Analysis paralysis
D) Data artist

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A) Inability to accurately track customers
B) Inability to identify selling opportunities
C) The success of the organization depends on appreciating and leveraging the low-quality information
D) Lost revenue opportunities from marketing to nonexistent customers

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A) Increased scalability and performance
B) Increased information security
C) Reduced information redundancy
D) Increased flexibility

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A) Where has the business been?
B) Where is the business now?
C) Where is the business going?
D) All of these questions

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A) Numbers and types of operational databases increased as businesses grew.
B) Many companies had information scattered across multiple systems with different formats.
C) Completing reporting requests from numerous operational systems took days or weeks.
D) All of these choices

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