MI0036 – BUSINESS INTELLIGENCE TOOLS

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ASSIGNMENT

DRIVE	FALL 2016
PROGRAM	MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER	III
SUBJECT CODE & NAME	MI0036 – BUSINESS INTELLIGENCE TOOLS
BK ID	B2043
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Question. 1. Explain Data, Information & Knowledge. Define the meaning of Business Intelligence (BI). Write a short note on Data Governance (DG)

a) Explanation of Data, Information & Knowledge

Answer: Data, Information and Knowledge

b) Meaning of Business Intelligence (BI)

Answer: Business intelligence, or BI, is an umbrella term that refers to a variety of software applications used to analyze an organization’s raw data. BI as a discipline is made up of several related activities, including data mining, online

c) Write a short note on Data Governance (DG)

Answer: Data governance is a control that ensures that the data entry by an operations team member or by automated processes meets precise standards, such as a business rule, a data definition and data integrity constraints in the data model. The data governor uses data quality monitoring against production data to communicate errors in data back to operational team members, or to the technical support team, for corrective action. Data governance is used by organizations to exercise control over processes and

Question. 2. Explain the various components of Data Warehouses and its goals.

a) Explanation of the various components of Data Warehouses

Answer: The technical architecture of data warehouses is somewhat similar to other systems, but does have some special characteristics. There are two border areas in data warehouse architecture - the single-layer architecture and the N-layer architecture. The difference here is the number of middleware between the operational systems and the analytical tools. The data warehouse architecture described here is a high level architecture and the parts in the architectures mentioned are full bodied systems and not system-parts.

b) Goals of Data Warehouses

Answer: Web is changing the data warehousing landscape since at the very high level the goals of both the Web and data warehousing are the same: easy access to information. The value of data warehousing is maximized when the right information gets into the hands of those individuals who need it, where they need it and they need it most. However, many corporations have struggled with complex client/server systems to give end users the access they need. The issues become even more difficult to resolve when the users are physically remote from the data warehouse location. The Web removes a lot of these issues by giving users

Question. 3. List and elaborate the Phases of the Business Intelligence (BI) Lifecycle

Answer: While data is captured in complex structures and databases to facilitate specific transaction requirements, organizations and businesses find it difficult to extract and capture the required information from data in transaction systems.

Question. 4. Write short note on the types of approaches for Development of Business Intelligence Solutions and Differentiate between Waterfall & Agile Approach

a) Short note on the types of approaches for Development of Business Intelligence Solutions

Answer: Business Intelligence (BI) are the set of strategies, processes, applications, data, products, technologies and technical architectures which are used to support the collection, analysis, presentation and dissemination of business information. BI technologies provide historical, current and predictive views of business operations. Common functions of business intelligence technologies are reporting, online analytical processing, analytics, data mining, process mining, complex event processing, business performance management,

b) Difference between Waterfall & Agile Approach

Answer: The traditional waterfall methodology for software development is rapidly losing its popularity as Agile methodology is now being increasingly adopted by companies worldwide for software development.

Waterfall basically is a sequential model where software development is segregated into a sequence of pre -defined phases – including feasibility, planning, design, build, test, production, and support. On the other hand, Agile development

Question. 5. Elaborate on the Business Intelligence (BI) applications in Finance

Answer: Business intelligence (BI) is a technology-driven process for analyzing data and presenting actionable information to help corporate executives, business managers and other end users make more informed business decisions. BI encompasses a wide variety of tools, applications and methodologies that enable organizations to collect data from internal systems and external sources, prepare it for analysis, develop and run queries against the data, and create reports, dashboards and data visualizations to make the analytical

6. Write Short notes on

a) Business Sponsors

Answer: Sponsorship is a cash and/or in-kind fee paid to a property (typically in sports, arts, entertainment or causes) in return for access to the exploitable commercial potential associated with that property.

While the sponsoree (property being sponsored) may be nonprofit, unlike philanthropy, sponsorship is done with the expectation of a commercial return.

b) Business Intelligence (BI) Project Planning

Answer: Project management in most organizations is treated as an administrative reporting function. Detailed project planning and hands-on daily project control are often minimized, if not ignored, especially when organizations try to get several BI applications up and running very quickly. In their shortsightedness, organizations forget that extended planning activities often lead to shorter testing and implementation cycles and thus a shorter delivery time—exactly what the business community wants.

c) Silver Bullet Syndrome

Answer: Silver Bullet Syndrome is a management or development malady first described in computer programming, although the syndrome is not confined to workers in that field.

Definition: Silver Bullet Syndrome is the belief that the next big change in tools, resources or procedures will miraculously or magically solve all of an organization’s problems. This assumption is almost invariably erroneous.

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

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or

Call us at : 08263069601

(Prefer mailing. Call in emergency )