BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Drill-Down Analysis
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Data Mining
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Data Cube
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Spreadsheets
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Detailed explanation-1: -Business intelligence tools collect, process, and analyze large amounts of structured and unstructured data from both internal and external systems.
Detailed explanation-2: -A BI analytics tool used to explore large amounts of data for hidden patterns to predict future trends and behaviors for use in decision making. The presentation of data in a pictorial or graphical format.
Detailed explanation-3: -Data mining is the process of sorting through large data sets to identify patterns and relationships that can help solve business problems through data analysis. Data mining techniques and tools enable enterprises to predict future trends and make more-informed business decisions.
Detailed explanation-4: -While BI is primarily focused on monitoring datasets and tracking data against business goals and key performance indicators (KPIs), the practice of data mining is used to analyze datasets to detect emerging patterns and trends.