Data Analysis Process

What is the first step in the process depicted in the image?

• Strategic action

• Information analysis

• Data identification, collection, storage, and management

• Implementing technology

According to the image, what is derived from analyzing data?

• Strategic action

• Data

• Information, insights, and knowledge

• Technology investment

What does "Strategic Action" imply in the context of the image?

• Collecting and managing data

• Analyzing the data

• Taking decisions such as doing the project, investing in technology, or changing behavior based on gathered information

• Storing relevant data

Which of the following is NOT listed as a Business Force in the BI Market diagram?

• Globalization

• Innovation

• Big Data

• Financial Crisis

Which of the following is NOT listed as a Technology Force in the BI Market diagram?

• Mobile

• Cloud

• Competition

• In-Memory

What is at the center of the diagram illustrating the BI Market?

• Business Forces

• Technology Forces

• Mission Critical Business Intelligence

• Financial Crisis

Which of the following is NOT listed as a pro of Business Intelligence?

• Innovation

• Cost reduction

• Job loss

• Informed decision-making

What is considered a con of Business Intelligence according to the image?

• Appeal to shareholders

• Risk avoidance

• Privacy

• Competitive advantage

Which of the following is a pro of Business Intelligence related to financial aspects?

• Cost for tools and talent

• Cost reduction

• Job loss

• Internal power struggles

What risk is associated with Business Intelligence as mentioned in the cons?

• Innovation

• Risk avoidance

• Risk - what if it goes wrong?

• Informed decision-making