SlideShare una empresa de Scribd logo
1 de 3
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id
-> help.mbaassignments@gmail.com
or
call us at -> 08263069601
Summer 2014
Master of Business Administration- MBA Semester 3
MI0036 –Business Intelligence Tools -4 Credits
(Book ID: B1219)
Assignment (60 marks)
Note:Answerall questions. Kindly note that answers for 10 marks questions should not exceed 400 words. Each
question is followed by evaluation scheme.
Q1. a. Emergency Medical Association (EMA) is a group of 250 board- certified emergency physicians. They are
responsible for effectively managing the emergency departments. List out what BI values and applications they
should be implementing.
Answer :BI values and applications :
In today'shealthcare environment,organizationsare swimmingin an ever-deeper pool of data yet many lack the
technology to use this data as valuable information. As regulations change and the amount of data increases,
organizationsare turningtobusiness intelligence(BI) solutionstoharnessdataforprecise decision-makingtohelp
improve patient outcomes, reduce costs, and ensure their organization's future.
Below are numerous ways healthcare providers can
b. Most of the credit card companies permit a consumer to get approval for specified amounts via mobile to
ensure that the purchase is covered. This type of consumer support which retains a customer to the bank for a
longer time is real time business intelligence. Define real time Business intelligence and the various steps
involved in the process.
Answer : Real time business intelligence :
Real-time businessintelligence (RTBI) is the process of delivering information about business operations as they
occur. The speedof today'sprocessingsystemshasmovedclassical datawarehousingintothe realm of real-time.
The result is real-time business intelligence. Business transactions as they occur are fed to a real-time business
intelligence system that maintains the current state of the enterprise. The RTBI system not only supports the
classic strategic functions of data warehousing for deriving information and knowledge from past enterprise
activity, but it also provides real-time tactical
Q2. Today businesses largely rely on the information available and can be communicated through various
sources, both internally and externally with the help of internet. Explain the role of Business Intelligence in
modern business. What are the three different types of decision that most business organisations take?
Answer : Role of business intelligence in modern business :
For manycompanies,newtechnologiesare causinginformationoverload,leaving decision makers overwhelmed
with inadequate, incorrect, inconsistent and misleading information. Indeed, the various acts of retrieving and
processingthisoftenuselessinformationcantie upnumerousresources.Yetthere are companies that manage to
provide their decision makers with processed and automatically consolidated raw data, presented in an
understandable, easy-to-grasp format. These
Q3. a. Granularity of data is an important factor to be considered in the business which involves data
warehousing. How the characteristics of data granularity does varies from application to application? List the
different tools in data granularity.
Answer : Granularity refers to the level of detail of the data stored fact tables in a data warehouse. High
granularity refers to data that is at or near the transaction level. Data that is at the transaction level is usual ly
referredtoas atomiclevel data.Lowgranularityreferstodatathat is summarizedoraggregated,usually from the
atomic level data. Summarized data can be lightly summarized as in daily or weekly summaries or highly
summarized data such as yearly averages and totals. Granularity is the most important to the data warehouse
architect because it affects all the environments that depend in the data warehouse for data. The main issue of
granularity is that of getting it at the right level.
b. Consider a data warehousing enterprise where a Total data quality management (TDQM) cycle has to be
implemented. Find the members involved in TDQM team of that organisation.
Answer : Members involved in TDQM team :
Form a data qualityimprovementteam,with:·A teamleader,who is responsible (process owner) of the product
attributesandhas the powertoimplementsolutions · A team engineer who can facilitate the team meetings · A
data manufacturer who has extensive knowledge about the database system · A financial team member, who
understands financial consequences of proposed solutions · Product attribute data suppliers, selected on the
chosen product attribute to handle · Product
Q4. a. You are given the responsibility to organize a tour for your batch to an organisation. Find out the
parameters used by your team for data mining.
Answer : Parameters for data mining :
Data mining is sorting through data to identify patterns and establish relationships. Data mining parameters
include:
Association - looking for patterns where one event is connected to another event
Sequence or path analysis - looking for patterns where one event leads to another later event
Classification - looking for new patterns (May result in a change
Q5. According to a recent IDC report, knowledge management is in a state of high growth, especially among the
business and legal services industries. As the performance metrics of early adopters are documenting the
substantial benefits of knowledge management, more organizations are recognizing the value of leveraging
organizational knowledge. Define Knowledge Management. Explain the various characteristics of Knowledge
management. What are knowledge assets?
Answer : Knowledge Management :
Knowledge management (KM) comprises a range of strategies and practices used in an organisation to identify,
create, represent, distribute, and enable adoption of insights and experiences. Such insights and experiences
comprise knowledge,eitherembodiedinindividualsorembeddedinorganisationsas processesorpractices.More
recently,otherfields have started contributing to KMresearch; these include information and media, computer
science, public health, and public policy.
Q6. How to make the best use of Business intelligence? What are the advantages of BI with sales?
Answer :Use of Business intelligence :
Business intelligence (BI) is a set of theories, methodologies, processes, architectures, and technologies that
transformraw data intomeaningfulanduseful informationforbusinesspurposes.BI can handle large amounts of
informationtohelpidentifyanddevelopnew opportunities.Makinguse of new opportunities and implementing
an effective strategy can provide a competitive market advantage and long-term stability.
BI can be used in following ways wisely
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id
-> help.mbaassignments@gmail.com
or
call us at -> 08263069601

Más contenido relacionado

La actualidad más candente

Big Data Readiness & Business Intelligence Capabilities Matrix
Big Data Readiness & Business Intelligence Capabilities MatrixBig Data Readiness & Business Intelligence Capabilities Matrix
Big Data Readiness & Business Intelligence Capabilities MatrixMichael Ghen
 
Is Your Data Ready to Drive Your Company's Future?
Is Your Data Ready to Drive Your Company's Future?Is Your Data Ready to Drive Your Company's Future?
Is Your Data Ready to Drive Your Company's Future?Edgewater
 
Driving Value Through Data Analytics: The Path from Raw Data to Informational...
Driving Value Through Data Analytics: The Path from Raw Data to Informational...Driving Value Through Data Analytics: The Path from Raw Data to Informational...
Driving Value Through Data Analytics: The Path from Raw Data to Informational...Cognizant
 
Metadata Repositories in Health Care - Master Data Management Approach to Met...
Metadata Repositories in Health Care - Master Data Management Approach to Met...Metadata Repositories in Health Care - Master Data Management Approach to Met...
Metadata Repositories in Health Care - Master Data Management Approach to Met...Health Informatics New Zealand
 
Is Your Agency Data Challenged?
Is Your Agency Data Challenged?Is Your Agency Data Challenged?
Is Your Agency Data Challenged?DLT Solutions
 
Data Management for Business Intelligence
Data Management for Business IntelligenceData Management for Business Intelligence
Data Management for Business IntelligenceFindWhitePapers
 
CDO Vision: The Value of Data
CDO Vision: The Value of DataCDO Vision: The Value of Data
CDO Vision: The Value of DataDATAVERSITY
 
BVRM 402 unit 1 Information Management System
BVRM 402 unit 1 Information Management SystemBVRM 402 unit 1 Information Management System
BVRM 402 unit 1 Information Management SystemDrNilimaThakur
 
Enhancing Decision Making - Management Information System
Enhancing Decision Making - Management Information SystemEnhancing Decision Making - Management Information System
Enhancing Decision Making - Management Information SystemFaHaD .H. NooR
 
The Data Driven University - Automating Data Governance and Stewardship in Au...
The Data Driven University - Automating Data Governance and Stewardship in Au...The Data Driven University - Automating Data Governance and Stewardship in Au...
The Data Driven University - Automating Data Governance and Stewardship in Au...Pieter De Leenheer
 
Enhancing and Sustaining Business Agility through Effective Vendor Resiliency
Enhancing and Sustaining Business Agility through Effective Vendor ResiliencyEnhancing and Sustaining Business Agility through Effective Vendor Resiliency
Enhancing and Sustaining Business Agility through Effective Vendor ResiliencyCognizant
 
Management Information System one or two chapter By Amjad Ali Depar MBA Student
Management Information System one or two chapter By Amjad Ali Depar MBA StudentManagement Information System one or two chapter By Amjad Ali Depar MBA Student
Management Information System one or two chapter By Amjad Ali Depar MBA StudentAG RD
 
Mdm Dg Summit 2011 Icbc Case Study By R Lee F Ismail Final
Mdm  Dg Summit 2011   Icbc Case Study By R Lee F Ismail FinalMdm  Dg Summit 2011   Icbc Case Study By R Lee F Ismail Final
Mdm Dg Summit 2011 Icbc Case Study By R Lee F Ismail FinalRichard Lee
 
Structured Approach To Implementing Information And Records Management (Idrm)...
Structured Approach To Implementing Information And Records Management (Idrm)...Structured Approach To Implementing Information And Records Management (Idrm)...
Structured Approach To Implementing Information And Records Management (Idrm)...Alan McSweeney
 
Impact of business analytics on enterprise
Impact of business analytics on enterpriseImpact of business analytics on enterprise
Impact of business analytics on enterprisechoudhurygargi
 
STRATEGIC ROLE OF ‎INFORMATION SYSTEMS
STRATEGIC ROLE OF ‎INFORMATION SYSTEMSSTRATEGIC ROLE OF ‎INFORMATION SYSTEMS
STRATEGIC ROLE OF ‎INFORMATION SYSTEMSLibcorpio
 

La actualidad más candente (20)

Big Data Readiness & Business Intelligence Capabilities Matrix
Big Data Readiness & Business Intelligence Capabilities MatrixBig Data Readiness & Business Intelligence Capabilities Matrix
Big Data Readiness & Business Intelligence Capabilities Matrix
 
Is Your Data Ready to Drive Your Company's Future?
Is Your Data Ready to Drive Your Company's Future?Is Your Data Ready to Drive Your Company's Future?
Is Your Data Ready to Drive Your Company's Future?
 
Mergers and acquisitions for screen
Mergers and acquisitions for screenMergers and acquisitions for screen
Mergers and acquisitions for screen
 
Driving Value Through Data Analytics: The Path from Raw Data to Informational...
Driving Value Through Data Analytics: The Path from Raw Data to Informational...Driving Value Through Data Analytics: The Path from Raw Data to Informational...
Driving Value Through Data Analytics: The Path from Raw Data to Informational...
 
Metadata Repositories in Health Care - Master Data Management Approach to Met...
Metadata Repositories in Health Care - Master Data Management Approach to Met...Metadata Repositories in Health Care - Master Data Management Approach to Met...
Metadata Repositories in Health Care - Master Data Management Approach to Met...
 
Is Your Agency Data Challenged?
Is Your Agency Data Challenged?Is Your Agency Data Challenged?
Is Your Agency Data Challenged?
 
Data Management for Business Intelligence
Data Management for Business IntelligenceData Management for Business Intelligence
Data Management for Business Intelligence
 
CDO Vision: The Value of Data
CDO Vision: The Value of DataCDO Vision: The Value of Data
CDO Vision: The Value of Data
 
BVRM 402 unit 1 Information Management System
BVRM 402 unit 1 Information Management SystemBVRM 402 unit 1 Information Management System
BVRM 402 unit 1 Information Management System
 
Enhancing Decision Making - Management Information System
Enhancing Decision Making - Management Information SystemEnhancing Decision Making - Management Information System
Enhancing Decision Making - Management Information System
 
The Data Driven University - Automating Data Governance and Stewardship in Au...
The Data Driven University - Automating Data Governance and Stewardship in Au...The Data Driven University - Automating Data Governance and Stewardship in Au...
The Data Driven University - Automating Data Governance and Stewardship in Au...
 
Enhancing and Sustaining Business Agility through Effective Vendor Resiliency
Enhancing and Sustaining Business Agility through Effective Vendor ResiliencyEnhancing and Sustaining Business Agility through Effective Vendor Resiliency
Enhancing and Sustaining Business Agility through Effective Vendor Resiliency
 
Management Information System one or two chapter By Amjad Ali Depar MBA Student
Management Information System one or two chapter By Amjad Ali Depar MBA StudentManagement Information System one or two chapter By Amjad Ali Depar MBA Student
Management Information System one or two chapter By Amjad Ali Depar MBA Student
 
Mdm Dg Summit 2011 Icbc Case Study By R Lee F Ismail Final
Mdm  Dg Summit 2011   Icbc Case Study By R Lee F Ismail FinalMdm  Dg Summit 2011   Icbc Case Study By R Lee F Ismail Final
Mdm Dg Summit 2011 Icbc Case Study By R Lee F Ismail Final
 
Data Management Strategy
Data Management StrategyData Management Strategy
Data Management Strategy
 
Structured Approach To Implementing Information And Records Management (Idrm)...
Structured Approach To Implementing Information And Records Management (Idrm)...Structured Approach To Implementing Information And Records Management (Idrm)...
Structured Approach To Implementing Information And Records Management (Idrm)...
 
Contributions on Knowledge Management in Mechanical Engineering
Contributions on Knowledge Management in Mechanical EngineeringContributions on Knowledge Management in Mechanical Engineering
Contributions on Knowledge Management in Mechanical Engineering
 
Business analytics
Business analyticsBusiness analytics
Business analytics
 
Impact of business analytics on enterprise
Impact of business analytics on enterpriseImpact of business analytics on enterprise
Impact of business analytics on enterprise
 
STRATEGIC ROLE OF ‎INFORMATION SYSTEMS
STRATEGIC ROLE OF ‎INFORMATION SYSTEMSSTRATEGIC ROLE OF ‎INFORMATION SYSTEMS
STRATEGIC ROLE OF ‎INFORMATION SYSTEMS
 

Similar a Mi0036 business intelligence tools

Business Intelligence and decision support system
Business Intelligence and decision support system Business Intelligence and decision support system
Business Intelligence and decision support system Shrihari Shrihari
 
Enterprise Information Management Strategy - a proven approach
Enterprise Information Management Strategy - a proven approachEnterprise Information Management Strategy - a proven approach
Enterprise Information Management Strategy - a proven approachSam Thomsett
 
Knowledge Management, Business Intelligence & Business Analytics - Managemen...
Knowledge Management,  Business Intelligence & Business Analytics - Managemen...Knowledge Management,  Business Intelligence & Business Analytics - Managemen...
Knowledge Management, Business Intelligence & Business Analytics - Managemen...FaHaD .H. NooR
 
1. Top of FormResource Project Systems Acquisition Plan Gradi.docx
1. Top of FormResource Project Systems Acquisition Plan Gradi.docx1. Top of FormResource Project Systems Acquisition Plan Gradi.docx
1. Top of FormResource Project Systems Acquisition Plan Gradi.docxambersalomon88660
 
Information-Systems-and-Technology.pptx
Information-Systems-and-Technology.pptxInformation-Systems-and-Technology.pptx
Information-Systems-and-Technology.pptxAhimsaBhardwaj
 
Smart Data Module 2 d drive_own data
Smart Data Module 2 d drive_own dataSmart Data Module 2 d drive_own data
Smart Data Module 2 d drive_own datacaniceconsulting
 
Smart Data Module 4 d drive_business models
Smart Data Module 4 d drive_business modelsSmart Data Module 4 d drive_business models
Smart Data Module 4 d drive_business modelscaniceconsulting
 
Module 2 - Improving current business with your own data - Online
Module 2 - Improving current business with your own data - Online Module 2 - Improving current business with your own data - Online
Module 2 - Improving current business with your own data - Online caniceconsulting
 
Mi0036 business intelligence & tools
Mi0036   business intelligence & toolsMi0036   business intelligence & tools
Mi0036 business intelligence & toolssmumbahelp
 
Information Governance: Reducing Costs and Increasing Customer Satisfaction
Information Governance: Reducing Costs and Increasing Customer SatisfactionInformation Governance: Reducing Costs and Increasing Customer Satisfaction
Information Governance: Reducing Costs and Increasing Customer SatisfactionCapgemini
 
The Data-To-Business bridge model for business development organizations
The Data-To-Business bridge model for business development organizationsThe Data-To-Business bridge model for business development organizations
The Data-To-Business bridge model for business development organizationsMathieu Rioult
 
An Analysis of Big Data Computing for Efficiency of Business Operations Among...
An Analysis of Big Data Computing for Efficiency of Business Operations Among...An Analysis of Big Data Computing for Efficiency of Business Operations Among...
An Analysis of Big Data Computing for Efficiency of Business Operations Among...AnthonyOtuonye
 
Report on strategic rules of Information System for changing the bases of com...
Report on strategic rules of Information System for changing the bases of com...Report on strategic rules of Information System for changing the bases of com...
Report on strategic rules of Information System for changing the bases of com...Md. Khukan Miah
 
Better Business Outcomes with Big Data Analytics
Better Business Outcomes with Big Data AnalyticsBetter Business Outcomes with Big Data Analytics
Better Business Outcomes with Big Data AnalyticsIBM Software India
 
Predictive Maintenance Solution -1019
Predictive Maintenance Solution -1019Predictive Maintenance Solution -1019
Predictive Maintenance Solution -1019Percy-Mitchell
 
Project 3 – Hollywood and IT· Find 10 incidents of Hollywood p.docx
Project 3 – Hollywood and IT· Find 10 incidents of Hollywood p.docxProject 3 – Hollywood and IT· Find 10 incidents of Hollywood p.docx
Project 3 – Hollywood and IT· Find 10 incidents of Hollywood p.docxstilliegeorgiana
 

Similar a Mi0036 business intelligence tools (20)

Bi in financial industry
Bi in financial industryBi in financial industry
Bi in financial industry
 
Bi in financial industry
Bi in financial industryBi in financial industry
Bi in financial industry
 
Business Intelligence and decision support system
Business Intelligence and decision support system Business Intelligence and decision support system
Business Intelligence and decision support system
 
Enterprise Information Management Strategy - a proven approach
Enterprise Information Management Strategy - a proven approachEnterprise Information Management Strategy - a proven approach
Enterprise Information Management Strategy - a proven approach
 
Knowledge Management, Business Intelligence & Business Analytics - Managemen...
Knowledge Management,  Business Intelligence & Business Analytics - Managemen...Knowledge Management,  Business Intelligence & Business Analytics - Managemen...
Knowledge Management, Business Intelligence & Business Analytics - Managemen...
 
1. Top of FormResource Project Systems Acquisition Plan Gradi.docx
1. Top of FormResource Project Systems Acquisition Plan Gradi.docx1. Top of FormResource Project Systems Acquisition Plan Gradi.docx
1. Top of FormResource Project Systems Acquisition Plan Gradi.docx
 
Information-Systems-and-Technology.pptx
Information-Systems-and-Technology.pptxInformation-Systems-and-Technology.pptx
Information-Systems-and-Technology.pptx
 
Smart Data Module 2 d drive_own data
Smart Data Module 2 d drive_own dataSmart Data Module 2 d drive_own data
Smart Data Module 2 d drive_own data
 
Smart Data Module 4 d drive_business models
Smart Data Module 4 d drive_business modelsSmart Data Module 4 d drive_business models
Smart Data Module 4 d drive_business models
 
Module 2 - Improving current business with your own data - Online
Module 2 - Improving current business with your own data - Online Module 2 - Improving current business with your own data - Online
Module 2 - Improving current business with your own data - Online
 
Achieving Business Success with Data.pdf
Achieving Business Success with Data.pdfAchieving Business Success with Data.pdf
Achieving Business Success with Data.pdf
 
Mi0036 business intelligence & tools
Mi0036   business intelligence & toolsMi0036   business intelligence & tools
Mi0036 business intelligence & tools
 
Information Governance: Reducing Costs and Increasing Customer Satisfaction
Information Governance: Reducing Costs and Increasing Customer SatisfactionInformation Governance: Reducing Costs and Increasing Customer Satisfaction
Information Governance: Reducing Costs and Increasing Customer Satisfaction
 
The Data-To-Business bridge model for business development organizations
The Data-To-Business bridge model for business development organizationsThe Data-To-Business bridge model for business development organizations
The Data-To-Business bridge model for business development organizations
 
Introduction to mis
Introduction to misIntroduction to mis
Introduction to mis
 
An Analysis of Big Data Computing for Efficiency of Business Operations Among...
An Analysis of Big Data Computing for Efficiency of Business Operations Among...An Analysis of Big Data Computing for Efficiency of Business Operations Among...
An Analysis of Big Data Computing for Efficiency of Business Operations Among...
 
Report on strategic rules of Information System for changing the bases of com...
Report on strategic rules of Information System for changing the bases of com...Report on strategic rules of Information System for changing the bases of com...
Report on strategic rules of Information System for changing the bases of com...
 
Better Business Outcomes with Big Data Analytics
Better Business Outcomes with Big Data AnalyticsBetter Business Outcomes with Big Data Analytics
Better Business Outcomes with Big Data Analytics
 
Predictive Maintenance Solution -1019
Predictive Maintenance Solution -1019Predictive Maintenance Solution -1019
Predictive Maintenance Solution -1019
 
Project 3 – Hollywood and IT· Find 10 incidents of Hollywood p.docx
Project 3 – Hollywood and IT· Find 10 incidents of Hollywood p.docxProject 3 – Hollywood and IT· Find 10 incidents of Hollywood p.docx
Project 3 – Hollywood and IT· Find 10 incidents of Hollywood p.docx
 

Mi0036 business intelligence tools

  • 1. Dear students get fully solved assignments Send your semester & Specialization name to our mail id -> help.mbaassignments@gmail.com or call us at -> 08263069601 Summer 2014 Master of Business Administration- MBA Semester 3 MI0036 –Business Intelligence Tools -4 Credits (Book ID: B1219) Assignment (60 marks) Note:Answerall questions. Kindly note that answers for 10 marks questions should not exceed 400 words. Each question is followed by evaluation scheme. Q1. a. Emergency Medical Association (EMA) is a group of 250 board- certified emergency physicians. They are responsible for effectively managing the emergency departments. List out what BI values and applications they should be implementing. Answer :BI values and applications : In today'shealthcare environment,organizationsare swimmingin an ever-deeper pool of data yet many lack the technology to use this data as valuable information. As regulations change and the amount of data increases, organizationsare turningtobusiness intelligence(BI) solutionstoharnessdataforprecise decision-makingtohelp improve patient outcomes, reduce costs, and ensure their organization's future. Below are numerous ways healthcare providers can b. Most of the credit card companies permit a consumer to get approval for specified amounts via mobile to ensure that the purchase is covered. This type of consumer support which retains a customer to the bank for a longer time is real time business intelligence. Define real time Business intelligence and the various steps involved in the process. Answer : Real time business intelligence : Real-time businessintelligence (RTBI) is the process of delivering information about business operations as they occur. The speedof today'sprocessingsystemshasmovedclassical datawarehousingintothe realm of real-time. The result is real-time business intelligence. Business transactions as they occur are fed to a real-time business intelligence system that maintains the current state of the enterprise. The RTBI system not only supports the classic strategic functions of data warehousing for deriving information and knowledge from past enterprise activity, but it also provides real-time tactical Q2. Today businesses largely rely on the information available and can be communicated through various sources, both internally and externally with the help of internet. Explain the role of Business Intelligence in modern business. What are the three different types of decision that most business organisations take? Answer : Role of business intelligence in modern business :
  • 2. For manycompanies,newtechnologiesare causinginformationoverload,leaving decision makers overwhelmed with inadequate, incorrect, inconsistent and misleading information. Indeed, the various acts of retrieving and processingthisoftenuselessinformationcantie upnumerousresources.Yetthere are companies that manage to provide their decision makers with processed and automatically consolidated raw data, presented in an understandable, easy-to-grasp format. These Q3. a. Granularity of data is an important factor to be considered in the business which involves data warehousing. How the characteristics of data granularity does varies from application to application? List the different tools in data granularity. Answer : Granularity refers to the level of detail of the data stored fact tables in a data warehouse. High granularity refers to data that is at or near the transaction level. Data that is at the transaction level is usual ly referredtoas atomiclevel data.Lowgranularityreferstodatathat is summarizedoraggregated,usually from the atomic level data. Summarized data can be lightly summarized as in daily or weekly summaries or highly summarized data such as yearly averages and totals. Granularity is the most important to the data warehouse architect because it affects all the environments that depend in the data warehouse for data. The main issue of granularity is that of getting it at the right level. b. Consider a data warehousing enterprise where a Total data quality management (TDQM) cycle has to be implemented. Find the members involved in TDQM team of that organisation. Answer : Members involved in TDQM team : Form a data qualityimprovementteam,with:·A teamleader,who is responsible (process owner) of the product attributesandhas the powertoimplementsolutions · A team engineer who can facilitate the team meetings · A data manufacturer who has extensive knowledge about the database system · A financial team member, who understands financial consequences of proposed solutions · Product attribute data suppliers, selected on the chosen product attribute to handle · Product Q4. a. You are given the responsibility to organize a tour for your batch to an organisation. Find out the parameters used by your team for data mining. Answer : Parameters for data mining : Data mining is sorting through data to identify patterns and establish relationships. Data mining parameters include: Association - looking for patterns where one event is connected to another event Sequence or path analysis - looking for patterns where one event leads to another later event Classification - looking for new patterns (May result in a change Q5. According to a recent IDC report, knowledge management is in a state of high growth, especially among the business and legal services industries. As the performance metrics of early adopters are documenting the substantial benefits of knowledge management, more organizations are recognizing the value of leveraging organizational knowledge. Define Knowledge Management. Explain the various characteristics of Knowledge management. What are knowledge assets? Answer : Knowledge Management : Knowledge management (KM) comprises a range of strategies and practices used in an organisation to identify, create, represent, distribute, and enable adoption of insights and experiences. Such insights and experiences comprise knowledge,eitherembodiedinindividualsorembeddedinorganisationsas processesorpractices.More
  • 3. recently,otherfields have started contributing to KMresearch; these include information and media, computer science, public health, and public policy. Q6. How to make the best use of Business intelligence? What are the advantages of BI with sales? Answer :Use of Business intelligence : Business intelligence (BI) is a set of theories, methodologies, processes, architectures, and technologies that transformraw data intomeaningfulanduseful informationforbusinesspurposes.BI can handle large amounts of informationtohelpidentifyanddevelopnew opportunities.Makinguse of new opportunities and implementing an effective strategy can provide a competitive market advantage and long-term stability. BI can be used in following ways wisely Dear students get fully solved assignments Send your semester & Specialization name to our mail id -> help.mbaassignments@gmail.com or call us at -> 08263069601