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The Role of Storage Capacity in Business Intelligence Systems, Quizzes of Software Development Methodologies

The importance of increasing storage capacity and the growth of business intelligence systems. In 2002, data was 403 petabytes, growing to 2.5 exabytes in 2007. This data contains valuable business intelligence with patterns, relationships, and trends. Business intelligence systems (bis) use tools like reporting, data mining, and knowledge management to provide insights. Reporting tools create structured reports for past and current assessments. Data mining tools find patterns and make predictions. Knowledge management tools store and share human knowledge. Companies need bis to extract valuable information from databases. This document also covers rfm analysis, a technique to rank customers based on purchasing patterns, and rfm reports that compare data over time.

Typology: Quizzes

Pre 2010

Uploaded on 11/11/2009

laneaj3
laneaj3 🇺🇸

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TERM 1
What is the significance of storage capacity
and the growth in business intelligence
systems?
DEFINITION 1
In 2002 there was 403 petabytes, in 2007 storage capacity
grew to 2.5 exabytes. (which is equivalent to half the total #
of words ever spoken by humans, or125 times the data in all
U.S. research libraries)
TERM 2
Business Intelligence
DEFINITION 2
somewhere in all that data is business intelligence-
information containing patterns, relationships and trends.
TERM 3
Business Intelligence Systems
DEFINITION 3
(BI system)- is an infomation systems that employs business
intelligence tools to produce and deliver information. *An
information system having all 5 components that delivers the
results of a BI application to user who need those results.
TERM 4
Business Intelligence Tool
DEFINITION 4
(BI tool) One or more computer programs that implement a
particular BI technique. *Implement a particular procedure or
process. *BI tools are categorized in 3 ways -Reporitng tools -
Data miningtools -Knowledge management tools
TERM 5
Reporting Tools
DEFINITION 5
Programs that read data from a varie ty of sources, process that
data, and format it into structured re ports, and deliver those
reports to user who need them. *Us ed primarily for assessment
*Address questions like, what happen ed in the past what is
happening in the current, how do the y compare? *use simple
operations like sorting, grouping, calcu lating, filtering and
formatting.
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What is the significance of storage capacity

and the growth in business intelligence

systems?

In 2002 there was 403 petabytes, in 2007 storage capacity grew to 2.5 exabytes. (which is equivalent to half the total # of words ever spoken by humans, or125 times the data in all U.S. research libraries) TERM 2

Business Intelligence

DEFINITION 2 somewhere in all that data is business intelligence- information containing patterns, relationships and trends. TERM 3

Business Intelligence Systems

DEFINITION 3 (BI system)- is an infomation systems that employs business intelligence tools to produce and deliver information. *An information system having all 5 components that delivers the results of a BI application to user who need those results. TERM 4

Business Intelligence Tool

DEFINITION 4 (BI tool) One or more computer programs that implement a particular BI technique. *Implement a particular procedure or process. *BI tools are categorized in 3 ways -Reporitng tools - Data miningtools -Knowledge management tools TERM 5

Reporting Tools

DEFINITION 5 Programs that read data from a variety of sources, process that data, and format it into structured reports, and deliver those reports to user who need them. *Used primarily for assessment *Address questions like, what happened in the past what is happening in the current, how do they compare? *use simple operations like sorting, grouping, calculating, filtering and formatting.

Data-Mining tools

process data using statistical techniques, many are sophisticated and mathematically complex. *Involves searching 4 patterns and realtionships among data. *Used to make predictions, (probability, products that tend to be purchased together *sophisticated, complex techniques TERM 7

Knowledge-management tools

DEFINITION 7 Used to store employee knowledge, and to make that knowledge available to others who need it. (auditors, customers, vendors etc.) *The source of knowledge management tools data is human knowledge TERM 8

Why do companies need business intelligence

systems?

DEFINITION 8 Is to get out the information that is stored in databases. TERM 9

Business Intelligence Application

DEFINITION 9 use of a tool on a particular type of data for a particular purpose. TERM 10

Tools vs. Applications vs. Systems

DEFINITION 10 *Tool-implement the logic of a particular procedure or process. *Application-use of a tool on a particular type of data for a particular purpose. *System- information system having all 5 components that delivers the results of a BI applications to users who need them.