BUSINESS INTELLIGENCE MODULE 1

What is the primary purpose of Business Intelligence (BI)?

• To provide entertainment

• To transform data into actionable insights

• To create raw data

• To store data indefinitely

What distinguishes intelligence from information?

• Intelligence is raw data

• Intelligence involves critical thinking and analysis

• Information is always accurate

• Information is more valuable than intelligence

Which of the following is a benefit of using BI tools?

• Increased data redundancy

• Improved operational efficiency

• Decreased customer satisfaction

• Reduced data accuracy

What has contributed to the evolution of BI in the 2010s?

• The decline of the internet

• The rise of self-service BI tools and cloud-based platforms

• The reduction of data sources

• The elimination of data warehousing

What is essential for maximizing value from business systems?

• Defining business objectives

• Ignoring data quality

• Reducing system functionalities

• Limiting user access

What is the first stage of the Business Intelligence (BI) value chain?

• Data Analysis

• Data Integration

• Data Collection

• Data Visualization

What does Real-time BI enable organizations to do?

• Make slower decisions

• Reduce data collection

• Ignore market opportunities

• Capture data as it happens

What is a critical factor for the success of a BI system?

• Data Quality

• Data Quantity

• Data Redundancy

• Data Complexity

Which of the following best describes the primary purpose of Business Intelligence (BI) in modern organizations?

• To replace human managers with automated systems

• To reduce operational costs

• To create marketing campaigns

• To transform raw data into meaningful and useful insights for business decision-making

What is the primary purpose of Self-Service BI?

• To provide extensive technical support

• To present data in visual formats

• To consolidate data from multiple sources

• To allow non-technical users to analyze data independently