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ASSIGNMENT
DRIVE SUMMER 2017
PROGRAM MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER III
SUBJECT CODE & NAME MI0036 – BUSINESS INTELLIGENCE TOOLS
BK ID B2043
CREDITS 4
MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Question.1. Explain Data, Information & Knowledge. Define the
meaning of Business Intelligence (BI).
Answer:BusinessIntelligence (BI) are the set of strategies, processes, applications,data, products,
technologies and technical architectures which are used to support the collection, analysis,
presentation and dissemination of business information. BI technologies provide historical, current
and predictive viewsof businessoperations.Commonfunctionsof businessintelligence technologies
are reporting, online analytical processing, analytics, data mining, process mining, complex event
processing,businessperformance management,benchmarking,textmining,predictive analyticsand
prescriptive analytics and are capable of handling
Question.2. Explain the various components of Data Warehouses
and its goals.
Answer:The data warehouse architecture is based on a relational database management system
serverthatfunctionsasthe central repositoryforinformationaldata.Operationaldataandprocessing
is completely separated from data warehouse processing. This central information repository is
surrounded by a number of key components designed to make the entire environment functional,
manageable and accessible by both the

2. Question.3. List and elaborate the Phases of the Business
Intelligence (BI) Lifecycle
Answer:It’sno secretthat BusinessIntelligence*(BI) projectsare both time consumingandresource
intensive, often suffer from poor communication between the business and IT, and are usually
inflexibletochangesonce developmenthasstarted.Thisisdue,inlarge part,tothe methodbywhich
BI projects are traditionallyimplemented. Regardless of the methodology you employ, at the very
least, a successful BI iteration requires:
Business requirements identification
Question.4. Write short note on the types of approaches for
Development of Business Intelligence Solutionsand Differentiate
between Waterfall & Agile Approach
Answer:In the early nineties, Bill Inman introduced applicable ways of aligning data and business
reporting towards end-user needs. His concept was called Data Warehousing and the information
technology community quicklyadoptedhis theories. New terms such as “star schema,” “metadata,”
and“datacleansingandtransformation”werebeingusedascomponentsof thisfreshapproach.Many
Fortune 1,000 companies and large institutions funded large initiatives to build new repositoriesof
datausingtechnologiesfromOracle,Microsoft,IBMCognos,BusinessObjects,andothers.Companies
quickly leapt into the field with few skills
Question.5. Elaborate on the Business Intelligence (BI) applications
in Finance
Answer:Technologyistransformingthe bankingandfinance industry.Thankstothe Internetandthe
proliferation of mobile devices and apps, today’s financial institutions face mounting competition,
changing client demands, and the need for strict control and risk management in a highly dynamic
market.
b) Business Intelligence (BI) Project Planning
Answer:Business intelligence (BI) projects are not like other projects with a finite and static set of
requirementsfromone businesspersonorone department.Instead,the purpose of anintegratedBI
decision-support environment is to provide cross-organizational business analysis capabilities to all
business people and all departments in the organization. That
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