Friday, 19 January 2018

MI0036 – BUSINESS INTELLIGENCE TOOLS

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ASSIGNMENT

DRIVE
FALL 2017
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).

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, benchmarking, text mining, predictive analytics and prescriptive analytics and are capable of handling



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

Answer:The data warehouse architecture is based on a relational database management system server that functions as the central repository for informational data. Operational data and processing is completely separated from data warehouse processing. This central information repository is surrounded by a number of key components designed to make the entire environment functional, manageable and accessible by both the


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

Answer:It’s no secret that Business Intelligence* (BI) projects are both time consuming and resource intensive, often suffer from poor communication between the business and IT, and are usually inflexible to changes once development has started. This is due, in large part, to the method by which BI projects are traditionally implemented. Regardless of the methodology you employ, at the very least, a successful BI iteration requires:

    Business requirements identification


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

Answer:In the early nineties, Bill Inman introduced applicable ways of aligning data and business reporting towards end-user needs. His concept was called Data Warehousing and the information technology community quickly adopted his theories. New terms such as “star schema,” “metadata,” and “data cleansing and transformation” were being used as components of this fresh approach. Many Fortune 1,000 companies and large institutions funded large initiatives to build new repositories of data using technologies from Oracle, Microsoft, IBM Cognos, Business Objects, and others. Companies quickly leapt into the field with few skills



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

Answer:Technology is transforming the banking and finance industry. Thanks to the Internet and the proliferation of mobile devices and apps, today’s financial institutions face mounting competition, changing client demands, and the need for strict control and risk management in a highly dynamic market.



b) Business Intelligence (BI) Project Planning

Answer:Business intelligence (BI) projects are not like other projects with a finite and static set of requirements from one business person or one department. Instead, the purpose of an integrated BI decision-support environment is to provide cross-organizational business analysis capabilities to all business people and all departments in the organization. That

Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601


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