Business Intelligence (BI)uses Scorecards and Dashboards to Support Decision-Making Activities

question 36

True/False

Business intelligence (BI)uses scorecards and dashboards to support decision-making activities, whereas business analytics (BA)uses data mining tools and predictive modeling.

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Definitions:

Intelligence

The ability to learn from experience, adapt to new situations, understand and handle abstract concepts, and use knowledge to manipulate one's environment.

Intelligence Test

A standardized assessment designed to measure cognitive abilities, including reasoning, problem-solving, and understanding, to derive an intelligence quotient (IQ).

Simon and Binet

Alfred Binet and Theodore Simon, French psychologists who developed the first intelligence test in the early 20th century to identify students needing special education.

Mental Age

A measure of an individual's mental proficiency expressed in terms of the average age at which a normal individual reaches the same level of proficiency.