ISDS 415 Self-assessment Quiz 1

Business applications have moved from transaction processing and monitoring to other activities. Which of the following is NOT one of those activities?

Data Monitoring

Data generation is a precursor, and is not included in the analytics ecosystem

False

Demands for instant, on-demand access to dispersed information decrease as firms successfully integrate BI into their operations

False

Due to industry consolidation, the analytics ecosystem consists of only a handful of players across several functional areas

False

In the Opening Vignette on Sports Analytics, what type of modeling was used to predict offensive tactics?

Heat maps

Business applications have moved from transaction processing and monitoring to other activities. Which of the following is NOT one of those activities?

Mobile access

Online transaction processing (OLTP) systems handle a company's routine ongoing business. In contrast, a data warehouse is typically

a distinct system that provides storage for data that will be made use of in analysis

Online transaction processing (OLTP) systems handle a company's routine ongoing business. In contrast, a data warehouse is typically

a distinct system that provides storage for data that will be made use of in analysis.

How are enterprise resources planning (ERP) systems related to supply chain management (SCM) systems?

complementary systems

Which of the following is an umbrella term that combines architectures, tools, databases, analytical tools, applications, and methodologies?

BI

Which of the following developments is NOT contributing to facilitating growth of decision support and analytics?

Big Data

The user interface of a BI system is often referred to as a

dashboard

A _______is a major component of a Business Intelligence (BI) system that holds source data.

data warehouse

BI applications must be integrated with

databases, legacy systems, and enterprise systems

The very design that makes an OLTP system efficient for transaction processing makes it inefficient for

end-user ad hoc reports, queries, and analysis

What has caused the growth of the demand for instant, on-demand access to dispersed information?

the more pressing need to close the gap between the operational data and strategic objectives

A light bulb manufacturer uses descriptive analytics

to present supply chain to managers visually

Today, many vendors offer diversified tools, some of which are completely preprogrammed (called shells). How are these shells utilized?

All a user needs to do is insert the numbers

Business intelligence (BI) is a specific term that describes architectures and tools only.

False

What type of analytics seeks to determine what is likely to happen in the future?

Predictive

What type of analytics seeks to recognize what is going on as well as the likely forecast and make decisions to achieve the best performance possible?

Prescriptive

In the Opening Vignette on Sports Analytics, what was adjusted to drive one-time ticket sales?

Ticket prices