This following Questions in \" Information technology for management \" by Turba

Question

This following Questions in "Information technology for management" by Turban. 10th edition. Chapter 3 (critical Thinking Questions 1,3,5,7,9,11,13)

1.What are the functions of databases and warehouses?

3. List three types of waste or damages that data errors can cause?

5. Give three examples of business process or operations that would benefit significantly from having detailed real time or near real time data and identify the benefits?

7. Explain the four V’s of data analytic?

9. Explain the principle of 90/90 data use?

11. Why would a company invest in data mart instead of a data warehouse?

13. What are the operational benefits and competitive advantages of business intelligence?

Explanation / Answer

Answer-1 Data warehouse is a system used for reporting anddata analysis. DWs are central repositories of integrated data from one or more disparate sources. They store current and historical data and are used for creating analytical reports for knowledge workers throughout the enterprise. Examples of reports could range from annual and quarterly comparisons and trends to detailed daily sales analyses.

Answer-3 The wastes are:

1. In a company overproduction.

2. Error in recording may lead to improper inventory planning.

3. Error in creation of sales invoices.

Answer-5 The business processes are:

1. production process that requires the inventory data all the time.

2. inventory management department - procurement department.

3. finance department

Answer-7 The four V's are:

Answer-9 According to the 90/90 data-use principle, a majority of stored data, as high as 90 percent, is seldom accessed after 90 days (except for auditing purposes).That is,roughly 90 percent of data lose most of their value after three months.

Answer-11 They to shuld invest in data mart to remove the wastes and also to improve accuracy.

Answer-13 In today’s ultra-competitive world, it is vital that businesses succeed in finding ways to stand out from the competition. Business intelligence is key to gaining this advantage and is becoming increasingly important to the success of businesses in every industry. Business intelligence represents the systems and tools that are important in the strategic planning processes of a corporation. All in all, it is critical for the successful running of a business. Statistics from worldwide research support this.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.