ISM304 – Business Intelligent Tools

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Master of Business Administration - MBA Semester 3

ISM304 – Business Intelligent Tools

Set – 1

Q1. Write short note on the types of approaches for Development of Business Intelligence Solutions and Differentiate between Waterfall & Agile Approach.

a) Short note on the types of approaches for Development of Business Intelligence Solutions       7

b) Difference between Waterfall & Agile Approach              3

Answer.  Approaches for Development of Business Intelligence Solutions

The two approaches in software development, which are significant in the case of BI solution development, are as follows:

Q2. There are different types of roles in a programme team. Explain each.

Roles in BI Programme team.                                    10

Answer. The BI program team creates the foundation, provides continuity and is responsible for maintaining standards, coordination and integration in a project. There are different types of roles in a programme team. Some of these roles are explained in detail as follows:

Q3. OLAP is a technology that is used to analyse data stored at different network locations or data warehouses. Explain its Characteristics and types.

a) Characteristics of OLAP                              5

b) Types of OLAP                                             5

Answer. OLAP is a technology that is used to analyse data stored at different network locations or data

Set - 2

Q1. Business intelligence (BI) is a process by which an organization analyses raw data so that it can take informed decisions about its future in a timely manner. Explain the keys to ensure success of BI in organizations.

The keys to ensure success of BI in organizations                              10

Answer. A company or an organization should recognize the importance of data and information to measure its performance and adopt BI for better decision making and analytic

Q2. Elaborate on the Business Intelligence (BI) applications in Finance

Business Intelligence (BI) applications in Finance                              10

Answer. Understanding how BI can be harnessed and applied to the finance sector is beneficial for both investors and financial institutions. A recent report of financial institutions states that many financial institutions of US and other countries can get benefit by implementing a BI solution

Q3. Business intelligence tools are software programs and applications that are used for comprehensive and detailed data analysis. Explain the “Tools supporting information integration capability” and “Tools supporting presentation capability”.

a) Tools supporting information integration capability                                 5

b) Tools supporting presentation capability                                       5

Answer. Tools supporting information integration capability

Information integration capability is the ability to relate structured and unstructured data, and information and knowledge created in the past. The tools that support information integration capability are as

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