Business Intelligence Flashcards
1
Q
Ability to understand the interrelationships of presented facts in such a way as to guide action towards a desired goal
A
Intelligence
2
Q
The ability to gather and make sense of information in the context of a business
A
Business intelligence
3
Q
Purpose of business intelligence
A
Gain superior insight and understanding of the business and it’s ecosystem
Understand the past and present, predict the future
Make better decisions
4
Q
Components of business intelligence (3)
A
Storage, data mining tools, reporting and visualization tools
5
Q
The computational process of discovering patterns in large data sets involving methods at the intersection of artificial intelligence, machine learning, statistics, and database systems
A
Data mining
