Chapter 9 Flashcards Quizlet PDF

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Chapter 9 Flashcards Quizlet Principles of Information Systems ISDS 351...

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9/20/21, 6:46 PM

chapter 9 Flashcards | Quizlet

Science / Computer Science / Computer Graphics

chapter 9 Terms in this set (51) 9.1

Business analytics

________ _________ is the extensive use of data and quantitative analysis to support fact-based decision making within organizations

9.1

Business analytics

________ __________ can be used to gain a better understanding of current business performance, reveal new business patterns and relationships, explain why certain results occurred, optimize current operations, and forecast future business results.

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9.1

chapter 9 Flashcards | Quizlet

Business intelligence (BI)

________ ___________ includes a wide range of applications, practices, and technologies for the extraction, transformation, integration, visualization, analysis, interpretation, and presentation of data to support improved decision making

9.1

organizations

Many _________ use this data to build large collections of data called data warehouses, data marts, and data lakes, for use in BI applications. Users, including employees, customers, and authorized suppliers and business partners, may access the data and BI applications via the Web or through organizational intranets and extranets—often using mobile devices, such as smartphones and tablets. The goal of business intelligence is to get the most value out of information and present the results of analysis in an

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chapter 9 Flashcards | Quizlet

Detect fraud. 9.1a

Improve forecasting.

BI and analytics are used to achieve

Increase Sales.

a number of benefits as illustrated

Optimize operations.

by the following examples:

Reduce costs.

9.1b

Data scientists

_______ ________ are individuals who combine strong business acumen, a deep understanding of analytics, and a healthy appreciation of the limitations of their data, tools, and techniques to deliver real improvements in decision making.

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9.1b

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Data scientists

________ ________ do not simply collect and report on data; they view a situation from many angles, determine what data and tools can help further an understanding of the situation, and then apply the appropriate data and tools. They often work in a team setting with business managers and specialists from the business area being studied, market research and financial analysts, data stewards, information system resources, and experts highly knowledgeable about the company's competitors, markets, products, and services.

9.1b

goal

The ______ of the data scientist is to uncover valuable insights that will influence organizational decisions and help the organization to achieve competitive advantage.

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9.1b

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Data scientists

______ ________ are highly inquisitive, continually asking questions, performing "what-if" analyses, and challenging assumptions and existing processes. Successful data scientists have an ability to communicate their findings to organizational leaders so convincingly that they are able to strongly influence how an organization approaches a business opportunity.

First and foremost is the existence of a solid data management program, including data governance. 9.1c

Another key component that an organization needs is creative data

A number of components must be in

scientists—people who understand the business as well as the business

place for an organization to get real

analytics technology, while also recognizing the limitations of their data,

value from its BI and analytics

tools, and techniques.

efforts.

Finally, to ensure the success of a BI and analytics program, the management team within an organization must have a strong commitment to data-driven decision making.

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9.2a

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Business managers

________ __________ often import data into a spreadsheet program, such as Excel, which then can be used to perform operations on the data based on formulas created by the end user.

9.2a

wow

ability to link disparate data sets for an integrated analysis was "one of the '______' things" that impressed him most in his use of BI tools

9.2a

Figure 9.1

Components of Microsoft Power BI for Office 365

9.2b

identify

Most organizations have invested in some reporting tools to help their employees get the data they need to solve a problem or _________ an opportunity

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9.2c

The presentation of data in a pictorial or graphical format.

Data visualization

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