enabled the rapid creation of integrated reports across 60 countries, replacing a large and complex
spreadsheet.
A strategically aligned
metric is also known as a key
performance indicator
. The
internal business process
perspective of the organization suggested by the balanced
scorecard focuses on business processes and how well they are running.
Chapter 3
Many top commercial ANNs forgo hidden layers completely.
F
It is important to pre-select the network architecture because most neural
networks need special purpose hardware, which may be absent.
F
Travel and Transport created an online BI self-service system that allowed
clients
to access information directly.
Metric
management reports are used to manage business performance through outcome-oriented
metrics in many organizations. In the Blastrac case study, Tableau analytics software was used to replace massive
spreadsheets
that were
loaded with data from multiple ERP systems.
Bar
charts are useful in displaying nominal data or numerical data that splits nicely into
different categories so you can quickly see comparative results and trends.
PERT
charts or network diagrams show precedence relationships
among the project activities/tasks.
MAPS
are typically used together with other charts and graphs, as opposed to by themselves, and show
postal codes, country names, etc. Typical charts, graphs, and other visual elements used in visualization-based applications usually involve
two
dimensions. Visual analytics is widely regarded as the combination of visualization and
predictive
analytics. Dashboards present visual
displays of important information that are consolidated and arranged on a single
screen
. In the Saudi Telecom company case study,
information
visualization
software allowed managers to see trends and correct issues before they became problems. The Internet emerged as
a new medium for visualization and brought all the following EXCEPT
new forms of computation of business logic
. Which type of visualization
tool can be very helpful when the intention is to show relative proportions of dollars per department allocated by a university administration?
Pie chart
Benefits of the latest visual analytics tools, such as SAS Visual Analytics, include all of the following EXCEPT
they explore massive
amounts of data in hours, not days
. Why is a performance management system superior to a performance measurement system?
because
measurement alone has little use without action.
Why is the customer perspective important in the balanced scorecard methodology?
because
dissatisfied customers will eventually hurt the
bottom line
All of the following statements about balanced scorecards and dashboards are true
EXCEPT
scorecards are best for real-time tracking of a marketing campaign.
What is Six Sigma?
A methodology aimed at reducing the
number of defects in a business process
. Big Data often involves a form of distributed storage and processing using Hadoop and MapReduce.


You've reached the end of your free preview.
Want to read all 4 pages?