ECONOMICS

Detailed explanation-1: -Overall, the role of business intelligence is to improve an organization’s business operations through the use of relevant data. Companies that effectively employ BI tools and techniques can translate their collected data into valuable insights about their business processes and strategies.

Detailed explanation-2: -Data collection is the process of collecting, measuring, and analyzing data from various sources to gain insights. Data can be collected through various sources, such as social media monitoring, online tracking, surveys, feedback, etc.

Detailed explanation-3: -Data quality is essential for one main reason: You give customers the best experience when you make decisions using accurate data. A great customer experience leads to happy customers, brand loyalty, and higher revenue for your business.

Detailed explanation-4: -Which of the following is not one of the main activities associated with operational databases? It is not possible to extract analytical data from operational databases.