Introduction to Business Intelligence

What is Business Intelligence (BI)?

• A type of software used for data analysis

• A process of gathering and analyzing data to make better business decisions

• A department within an organization responsible for data analysis

• A type of database management system

What is the primary goal of Business Intelligence?

• To reduce costs

• To increase revenue

• To improve decision-making

• To enhance customer service

What are the three main components of Business Intelligence?

• Data, Analytics, and Reporting

• Data, Information, and Knowledge

• Data Warehousing, Business Analytics, and Reporting

• Data Mining, Data Visualization, and Predictive Analytics

Which of the following is an example of a Business Intelligence tool?

• Microsoft Excel

• Salesforce CRM

• Google Analytics

• Power BI

• All the answers

What is Predictive Business Intelligence?

• Analyzing data to identify current trends and patterns

• Analyzing data to identify the root cause of a problem

• Analyzing data to optimize business processes

• Analyzing data to predict future trends and outcomes

What is Prescriptive Business Intelligence?

• Analyzing data to identify current trends and patterns

• Analyzing data to identify the root cause of a problem

• Analyzing data to predict future trends and outcomes

• Analyzing data to recommend specific actions or decisions

What is the benefit of using Business Intelligence in an organization?

• To reduce costs

• To make data-driven decisions

• To increase revenue

• To improve customer service

What is the role of BI in risk management?

• Identify business opportunities

• Reduce uncertainty

• Improve decision-making

• All the answers

Which of the following is an example of Predictive Analytics?

• Analyzing customer demographics to understand buying behavior

• Using machine learning to predict stock prices

• Creating a report to summarize sales data

• Developing a marketing campaign to target new customers

What is the main goal of Predictive Analytics?

• To analyze past data

• To identify trends and patterns

• To forecast future events or behaviors

• To improve data quality

• All the answers