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A central location in which data is stored and managed is called a data mart.

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Many organizations find themselves in the position of being data rich and information poor.Even in today's electronic world, managers struggle with the challenge of turning their business data into business intelligence.

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True

Explain ETL and the role of a data mart in business.

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Extraction, transformation, and loading ...

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Describe a database, a database management system, and the relational database model.

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A database maintains information about v...

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A comparative analysis can compare two or more data sets to identify patterns and trends.

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What does standardization of data elements accomplish?


A) Greater accuracy.
B) Completeness and completeness.
C) Increases the quality of information.
D) All of these.

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Which of the following describes ETL?


A) A process that extracts information from internal and external databases.
B) A process that transforms information using a common set of enterprise definitions.
C) A process that loads information into a data warehouse.
D) All of these.

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Managers can use BI to answer tough business questions.Which of the following describes the value of knowing where the business has been?


A) A historical perspective offers important variables for determining trends and patterns.
B) Looking at the current business situation allows managers to take effective action to solve issues before they grow out of control.
C) Setting strategic direction is critical for planning and creating solid business strategies.
D) None of these.

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What is another term for information cleansing?


A) Information mining
B) Information scrubbing
C) Information scrapping
D) Information marts

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B

Kassandra Young is a business manager at Weith Productions.Although she does not have a background in technology, her job requires her to work with analytical tools to make data-driven decisions.To make her job easier, what can she customize to display data quickly and run custom reports?


A) Data point
B) Information cleansing
C) Dashboard
D) Data set

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Competitive monitoring can compare two or more data sets to identify patterns and trends.

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What is a data lake?


A) A business that collects personal information about consumers and sells that information to other organizations.
B) A storage repository that holds a vast amount of raw data in its original format until the business needs it.
C) A technique for establishing a match, or balance, between the source data and the target data warehouse.
D) An approach to business governance that values decisions that can be backed up with verifiable data.

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The primary purpose of a data warehouse is to _____________.


A) Combine strategic information
B) Organize departments
C) Interface between the computer and employees
D) All of these

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A data lake is a business that collects personal information about consumers and sells that information to other organizations.

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Which of the following contains a subset of data warehouse information?


A) Data miner
B) Data mart
C) Data pool
D) Data analyzing tool

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Which of the following is a problem associated with dirty data?


A) Inaccurate data
B) Nonintegrated data
C) Violates business rules
D) All of these

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What is information that people use to support their decision-making efforts?


A) Information cleansing and scrubbing
B) Data-mining tools
C) Data mining
D) Business intelligence

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A data warehouse is a central location in which data is stored and managed.

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False

The primary purpose of a data warehouse is to perform transactional processes.

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How would the banking industry use business intelligence?


A) Analyze popular vacation locations with current flight listings.
B) Understand customer credit card usage and nonpayment rates.
C) Compare the demographics of patients with critical illnesses.
D) Predict claim amounts and medical coverage costs.

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