Read the summary and the most important questions on Business Intelligence, International Edition A Managerial Perspective on Analytics | 9781292004877 | Ramesh Sharda; Dursun Delen; Efraim Turban; David King

• 1 An Overview of Business Intelligence, Analytics and Decision Support

  This is a preview. There are 1 more flashcards available for chapter 1
  Show more cards here

• What model helps you to understand why organizations embrace computerized support?

  The Business Pressures-Responses-Support model

• Describe the Business Pressure-Reponses-Support model

  Organisations experience increasing pressure from the environment (markets, consumer demands, technology and society). They use different actions to respond to these pressures. To be able to respond effectively they often use decision support systems.

• 1.3 A Framework for Business Intelligence (BI)

  This is a preview. There are 2 more flashcards available for chapter 1.3
  Show more cards here

• Why is the term business intelligence problematic?

  It is an umbrella term that means different things to different people

• What is main characteristic of the BI process?

  The transformation of data to information, then to decisions and to actions.

• Besides the need of managers, what is another reason for organizations to invest in BI?

  Legislatory and regulatory requirements that force organizations to document their processes and report to stakeholders

• 1.4 Intelligence Creation, Use, and BI Governance

  This is a preview. There are 1 more flashcards available for chapter 1.4
  Show more cards here

• Data warehouse and BI initiatives resemble what kind of initiatives?

  Military intelligence initiatives

• What must be considered for each potential BI project or initiative?

  The cost-benefit ratio, i.e. the total cost of ownership (TCO) vs. the return on investment (ROI)

• What is BI governance?

  It is the process of prioritizing BI projects

• What issues does a BI governance team typically address?

  1. Categorize projects
  2. Define project selection criteria
  3. Determine how project risk should be managed
  4. Manage dependencies between projects
  5. Monitor and ajdust the BI portfolio

• What is BI definitely not?

  Espionage-like intelligence