BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
True
|
|
|
False
|
Detailed explanation-1: -The general process of business intelligence is as follows: Gathering data and organizing it through reporting. Turning it into meaningful information through analysis. Making actionable decisions aimed at fulfilling a strategic goal.
Detailed explanation-2: -Which of the following statement is true about Business Intelligence? B. BI has a direct impact on organization’s strategic, tactical and operational business decisions. Explanation: All of the above statement are true.
Detailed explanation-3: -What is data-driven decision-making? Data-driven decision-making (DDDM) is defined as using facts, metrics, and data to guide strategic business decisions that align with your goals, objectives, and initiatives.
Detailed explanation-4: -Business intelligence gives organizations the ability to ask questions in plain language and get answers they can understand. Instead of using best guesses, they can base decisions on what their business data is telling them-whether it relates to production, supply chain, customers or market trends.