Data and Analytics Business Intelligence 3

Question 1

What is a balanced scorecard in business analytics?

Accepted Answer

A strategic management tool measuring performance across financial, customer, process, and learning dimensions

Answer

The balanced scorecard measures organizational performance across four perspectives: financial, customer, internal processes, and learning and growth.

Question 2

What is the purpose of a data catalog in modern BI?

Accepted Answer

A searchable inventory of data assets with metadata, definitions, and lineage information

Answer

A data catalog helps users discover, understand, and trust data assets by providing metadata, business definitions, data lineage, and usage information.

Question 3

What is predictive analytics?

Accepted Answer

Using historical data and statistical models to forecast future outcomes

Answer

Predictive analytics uses historical data, statistical algorithms, and machine learning to identify the likelihood of future outcomes.

Question 4

What is prescriptive analytics?

Accepted Answer

Recommending specific actions to achieve desired outcomes based on data models

Answer

Prescriptive analytics uses optimization and simulation algorithms to recommend specific actions organizations should take to achieve desired outcomes.

Question 5

What is the role of a data steward in a BI organization?

Accepted Answer

To manage data quality, definitions, and governance policies for assigned data domains

Answer

A data steward oversees data quality, maintains business definitions, and enforces data governance policies for specific data domains within the organization.

Data and Analytics Practice Test

Data and Analytics Practice Test

Data and Analytics Business Intelligence 3