Question 1

While a traditional data warehouse stores data in files or folders,a data lake uses a flat architecture to store data.

Accepted Answer

A data lake is a storage repository that holds a vast amount of raw data in its original format until the business needs it.

Question 2

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.

Accepted Answer

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.

Question 3

A data set is an organized collection of data.

Accepted Answer

A data set is an organized collection of data.

Question 4

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

Accepted Answer

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

Question 5

Comparative analysis can help managers with competitive monitoring where a company keeps tabs of its competitor's activities on the Web using software that automatically tracks all competitor website activities such as discounts and new products.

Accepted Answer

Business intelligence can help managers with competitive monitoring where a company keeps tabs of its competitor's activities on the Web using software that automatically tracks all competitor website activities such as discounts and new products.

Question 6

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

Accepted Answer

This is the definition of comparative analysis.

Question 7

Information cleansing or scrubbing is a process that weeds out and fixes or discards inconsistent,incorrect,or incomplete information.

Accepted Answer

Information cleansing or scrubbing is a process that weeds out and fixes or discards inconsistent,incorrect,or incomplete information.

Question 8

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

Accepted Answer

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

Question 9

Many firms complete data quality audits to determine the accuracy and completeness of its data.

Accepted Answer

Many firms complete data quality audits to determine the accuracy and completeness of its data.

Question 10

Duplicate data,inaccurate data,misleading data,and incorrect data are all problems associated with dirty data.

Accepted Answer

Duplicate data,inaccurate data,misleading data,and incorrect data are all problems associated with dirty data.

Question 11

In a data warehouse,information cleansing occurs first during the ETL process and again once the information is in the data warehouse.

Accepted Answer

Information cleansing or scrubbing is a process that weeds out and fixes or discards inconsistent,incorrect,or incomplete information.

Question 12

Source data identifies the primary location where data is collected.It can include invoices,spreadsheets,time-sheets,transactions,and electronic sources such as other databases.

Accepted Answer

Source data identifies the primary location where data is collected.Source data can include invoices,spreadsheets,time-sheets,transactions,and electronic sources such as other databases.

Question 13

Effective data-driven decision management is reliant upon the quality of the data gathered and the effectiveness of its analysis and interpretation.

Accepted Answer

Data-driven decision management is an approach to business governance that values decisions that can be backed up with verifiable data.

Question 14

A data lake is a storage repository that holds a vast amount of raw data in its original format until the business needs it.

Accepted Answer

A data lake is a storage repository that holds a vast amount of raw data in its original format until the business needs it.

Question 15

The financial industry uses business intelligence to predict hardware failures.

Accepted Answer

The technology industry uses business intelligence to predict hardware failures,where the retail industry uses it to predict sales,inventory levels,and distribution.

Question 16

A data broker is an individual item on a graph or a chart.

Accepted Answer

A data point is an individual item on a graph or a chart.

Question 17

A data mart is the process of analyzing data to extract information not offered by the raw data alone.

Accepted Answer

Data mining is the process of analyzing data to extract information not offered by the raw data alone.

Question 18

The banking industry uses business intelligence to understand customer credit card usage and nonpayment rates.

Accepted Answer

The banking industry uses business intelligence to understand customer credit card usage and nonpayment rates.

Question 19

Information cleansing or scrubbing is a process that weeds out and fixes or discards inconsistent,incorrect,or incomplete information.

Accepted Answer

Information cleansing or scrubbing is a process that weeds out and fixes or discards inconsistent,incorrect,or incomplete information.

Question 20

Business intelligence is an approach to business governance that values decisions that can be backed up with verifiable data.

Accepted Answer

Data-driven decision management is an approach to business governance that values decisions that can be backed up with verifiable data.

Quiz 6: Data: Business Intelligence

While a traditional data warehouse stores data in files or folders,a data lake uses a flat architecture to store data.

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.

A data set is an organized collection of data.

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

Comparative analysis can help managers with competitive monitoring where a company keeps tabs of its competitor's activities on the Web using software that automatically tracks all competitor website activities such as discounts and new products.

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

Information cleansing or scrubbing is a process that weeds out and fixes or discards inconsistent,incorrect,or incomplete information.

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

Many firms complete data quality audits to determine the accuracy and completeness of its data.

Duplicate data,inaccurate data,misleading data,and incorrect data are all problems associated with dirty data.

In a data warehouse,information cleansing occurs first during the ETL process and again once the information is in the data warehouse.

Source data identifies the primary location where data is collected.It can include invoices,spreadsheets,time-sheets,transactions,and electronic sources such as other databases.

Effective data-driven decision management is reliant upon the quality of the data gathered and the effectiveness of its analysis and interpretation.

A data lake is a storage repository that holds a vast amount of raw data in its original format until the business needs it.

The financial industry uses business intelligence to predict hardware failures.

A data broker is an individual item on a graph or a chart.

A data mart is the process of analyzing data to extract information not offered by the raw data alone.

The banking industry uses business intelligence to understand customer credit card usage and nonpayment rates.

Information cleansing or scrubbing is a process that weeds out and fixes or discards inconsistent,incorrect,or incomplete information.

Business intelligence is an approach to business governance that values decisions that can be backed up with verifiable data.