Exploring Business Intelligence Concepts

What are the key principles of effective dashboard design?

• Lack of user engagement

• Clarity, simplicity, usability, appropriate visualizations, data accuracy, consistency, prioritization, interactivity.

• Complexity in design

• Overloading with data

How does Power BI facilitate data visualization?

• Power BI only supports static charts without interactivity.

• Power BI is limited to Excel data sources only.

• Power BI enables users to create interactive and visually appealing data visualizations from diverse data sources.

• Power BI requires extensive coding knowledge for data visualization.

What is big data and why is it important in business?

• Big data refers to small data sets that are easy to analyze.

• Big data is only relevant for tech companies and not for traditional businesses.

• Big data is a type of software used for data storage.

• Big data is large and complex data sets that are analyzed for insights, crucial for informed decision-making in business.

What is the difference between data and information?

• Data is only numbers; information is only text.

• Data is a summary of findings; information is the collection of data.

• Data is raw, unprocessed facts; information is processed data that provides meaning.

• Data is always accurate; information can be misleading.

How does information intelligence enhance decision-making?

• It enhances decision-making by increasing emotional bias.

• It provides random guesses to make choices easier.

• It complicates the decision-making process with irrelevant data.

• Information intelligence enhances decision-making by providing data-driven insights and reducing uncertainty.

What are the main components of knowledge management?

• Technology, content, and finance

• People, processes, and marketing

• Processes, content, and design

• The main components of knowledge management are people, processes, technology, and content.

What role do dashboards play in business intelligence?

• Dashboards serve as a platform for social media marketing strategies.

• Dashboards are primarily used for financial forecasting and budgeting.

• Dashboards only display historical data without real-time updates.

• Dashboards provide visual insights and real-time data monitoring for informed decision-making in business intelligence.

How can Power BI be used to analyze big data?

• Power BI requires coding skills to analyze big data.

• Power BI can only analyze structured data from SQL databases.

• Power BI cannot connect to cloud data sources for analysis.

• Power BI can analyze big data by connecting to various big data sources, transforming data, and creating visualizations.

What challenges are associated with managing big data?

• Challenges associated with managing big data include data storage, processing, quality, security, integration, and compliance.

• Data visualization techniques

• Network bandwidth limitations

• User interface design

How does knowledge management contribute to organizational success?

• Knowledge management has no impact on team dynamics.

• Knowledge management contributes to organizational success by improving decision-making, fostering innovation, enhancing efficiency, and promoting collaboration.

• Knowledge management leads to increased employee turnover.

• Knowledge management is primarily focused on reducing costs.