BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Decision support
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Data mining
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OLAP
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All of the mentioned
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Detailed explanation-1: -BI is a broad term that encompasses data mining, process analysis, performance benchmarking, and descriptive analytics.
Detailed explanation-2: -BI programs often incorporate forms of advanced analytics, such as data mining, predictive analytics, text mining, statistical analysis and big data analytics. A common example is predictive modeling that enables what-if analysis of different business scenarios.
Detailed explanation-3: -In this article, we will discuss the four elements of a business intelligence environment: data, people, processes, and technology, and how they impact business intelligence strategy.
Detailed explanation-4: -Explanation: Online Analytical Processing is a category of database software that provides an interface to help users quickly and interactively scrutinize the results in a variety of dimensions of the data.
Detailed explanation-5: -Business intelligence systems normally operate to collect data in the areas of customer support, market research, competitive intelligence, product performance, and other areas that benefit from statistical analysis.