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Business process management activities can be arbitrarily grouped into categories such as design, modeling, execution, monitoring, and optimization.
__________models are mathematical models that have a closed form solution , the solution to the equations used to describe changes in a system can be expressed as a mathematical analytic function.
_________includes the computer itself, which is often referred to as the central processing unit (CPU), and all of its support equipment.
Databases are the gathering of programs containing related data.
_______regression is used for fitting regression models with predictive models.
________ is a Process Mining software offered by Gradient ECM.
_________analysis is a method to analyze the environment in which a business operates.
OLAP stands for ?
What are the goals of Business Activity Monitoring ?
AGE is frequently collected as ratio data, but can also be collected as ordinal data.
____________ provides a system for storing and securing electronic documents, images, and other files .
An information service (IS) is any organized system for the collection, organization, storage and communication of information.
__________a robust platform for modeling and executing process-based applications, including business rules.
___________lets you measure your advertising ROI as well as track your flash, video, and social networking sites and application.
Trend analysis is an analysis of macro environmental factors in the external environment of a business, also called PEST analysis.
We can say that data mining is mining knowledge from data.
What is the process of business Intelligence ?
“An information system (IS) is a group of components that interact to produce information”
_____________is a method of problem solving used for identifying the root causes of faults or problems.
________ regression is a technique for analyzing multiple regression data.
Prescriptive analytics are used to determine customer responses or purchases, as well as as promote cross-sell opportunities.
______________are the commands for combining the components above to process information and produce the preferred output.
The term hardware refers to computer programs and the manuals (if any) that support them.
ElasticNet regression is a regularized regression method that linearly combines the penalties of the lasso and the ridge method.
_____________ intelligence is the action of defining, gathering, analyzing, and distributing intelligence about products, customers, competitors, and any aspect of the environment needed to support executives and managers making strategic decisions for an organization.
_________ business process management is the use of (BPM) tools that are delivered as software services (SaaS) over a network.
_________ remove intra- and interdepartmental communication barriers through discussion forums, dynamic workspaces, and message boards.
Real time data ____________ describes a system that reflects the state of the warehouse in a real time.
What is the best business intelligence tool ?
Google real time allows you to monitor activity as it happens on your site or app.
At this stage, historical data can be measured against other data to answer the question of why something happened.
Business Analytics can help improve profitability of the business, increase market share and revenue and provide better return to a shareholder.
Web analytics is the measurement, collection, analysis and reporting of web data to understand and optimize web usage.
The entire purpose of Business Plan is to support and facilitate better business decisions.
Process Mining is an analytical discipline for discovering, monitoring, and improving processes as they actually are, by extracting knowledge from event logs readily available in today's information systems.
__________ analysis refers to a method of mathematically sorting out which variables may have an impact.
__________ analytics is a type of predictive analytics that is used to recommend one or more course of action on analyzing the data.
________ Analytics describing or summarizing the existing data using existing intelligence tools to better understand what is going on or what has happened.
Prescriptive analytics is the third and final phase of business analytics, which also includes descriptive and predictive analytics.
Self service BI allows business users to access data as per their requirements without any dependence on IT and MIS teams.
Centroid Clustering is one of the more common methodologies used in cluster analysis.
The Real time ___________ monitors and reports agent schedule adherence in real-time using Workforce Management WFM tools.
____________is a data compression technique in machine learning and search algorithms that reduces the size of decision trees by removing sections of the tree that are non-critical and redundant to classify instances.
A _______________ is a picture of the separate steps of a process in sequential order.
_______________ is software that aids in monitoring of business activities, as those activities are implemented in computer systems.
Why do we need Process Mining ?
Data mining is defined as a process used to extract usable data from a larger set of any raw data.
________ regression is a regression analysis method that performs both variable selection and regularization.
________are facts that are used by programs to produce useful information.
What type of data analytics requires no human input ?
Which is the best data mining tool ?
The term business process management covers how we study, identify, change, and monitor business processes to ensure they run smoothly and can be improved overtime.
_________enable managers to identify business issues, trends, and opportunities with reports and dashboards and react accordingly.
___________ is “data that provides information about other data”.
__________ is used in many areas of business and research, including sales and marketing, product development, healthcare, and education.
The main types of scientific model are visual, mathematical and computer models.
Business Intelligence helps business leaders use data in ways that are meaningful and powerful.
_____________ intelligence is time-sensitive information that is essential when decisions are made and corresponding actions are taken quickly to avoid undesirable outcomes (Threats).
Why is BPM is used ?
Connectivity clustering initially recognizes each data point as its own cluster.
________ are a connecting system that allows diverse computers to distribute resources.
A __________ tree is a structure that includes a root node, branches, and leaf nodes.
Business __________ refers to the skills, technologies, and practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning.
RPA stands for ROBOTIC PROCESS AUTOMATION.
________ regression is a linear approach for modelling the relationship between the criterion or the scalar response and the multiple predictors or explanatory variables.
__________ is employed to task with business analytics problems and derive analytical models.
The following are common data types, EXCEPT ONE.
Metadata means “data about data".
RCA stands for ?
______________ is used for curvilinear data.
The following are Business Process Discovery Techniques. EXCEPT ONE.
___________analysis is a set of statistical processes for estimating the relationships between a dependent variable and one or more independent variables.
The following are common functions of business intelligence. EXCEPT ONE.
Interviews are one-on-one conversations with members of your target market.
__________regression estimates the parameters of a logistic model and is form of binomial regression.
The term Business Activity Monitoring was originally coined by analysts at Gartner, Inc. and refers to the aggregation, analysis, and presentation of real-time information about activities inside organizations and involving customers and partners.
What are the3 basic functions of business organizations ?
_____________ intelligence focuses on the longer term, looking at issues affecting a company’s competitiveness over the course of a couple of years.
Is SQL a business intelligence tool ?
____________ comprises the strategies and technologies used by enterprises for the data analysis of business information.
What type of data analytics has the most value ?
_____________ is a process mining tool featuring discovery and conformance checking.
The following are important types of Business Intelligence. EXCEPT ONE.
______________ management is creating and optimizing the paths for data in order to complete items in a given process.
A business process flow is a way of visualizing and documenting the steps in business process.
_________ clustering identifies the probability that a point belongs to a cluster.
Cluster analysis is also called ________?
Which software is used for data mining ?
CEP stands for COMPLEX EVENT PROCESSING.
An intelligence operations is the process by which governments, military groups, businesses, and other organizations systematically collect and evaluate information for the purpose of discovering the capabilities and intentions of their rivals.
________ analytics encompasses a variety of statistical techniques from data mining, predictive modelling , and machine learning, that analyze current and historical facts to make predictions about future or otherwise unknown events.
____________is the discipline in which people use various methods to discover, model, analyze, measure, improve, optimize, and automate business processes.
Business Management (BM) is a technology-driven process for analyzing data and delivering actionable information hat helps executives, managers and workers make informed business decisions.
_________ are a data visualization tool that allow all users to understand the analytics that matter to their business, department or project.
A business process flow definition is represented as a custom entity and an instance as a process is stored as a record within that entity.
Data discovery tools and cloud data services are examples of Data Intelligence.
_________is the process of discovering patterns in large data sets involving methods at the intersection of machine learning, statistics, and database systems.
___________ is the systematic computational analysis of data or statistics.
BAM stands for BUSINESS ACTIVITY MONITORING.
__________ clustering groups data points by how densely populated they are.
________ refers to the use of so-called "bots", to automate process steps in your company that previously required human action.
__________ analytics emphasizes on predicting the possible outcome using statistical models and machine learning techniques.
A software framework for the evaluation of process mining algorithms has been developed at the ______________ by Wil van der Aalst and others, and is available as an open source toolkit.
What are three types of processes ?
The following are characteristics of Data Mining. EXCEPT ONE.
The following are examples of Business Analytics. EXCEPT ONE.
___________ intelligence is a category of real-time dynamic, business analytics that delivers visibility and insight into data, streaming events and business operations.
Google analytics provides an SDK that allows gathering usage data from IOS and android app, known as Google analytics for mobile apps.
Cluster analysis is a class of techniques that are used to classify objects or cases into relative groups called clustered.
_________ analytics focus on past performance to determine what happened and why.
The four main kinds of analytics are DESCRIPTIVE, DIAGNOSTIC, PREDICTIVE and PRESCRIPTIVE.
KPIs stands for ?
Is EXCEL a data mining tool ?
____________intelligence focuses on providing information designed to improve shorter-term decisions, most often related with the intent of growing market share or revenues.
What are examples of business analytics ?
SWOT analysis is also called ?
__________ is the process of determining the viability of a new service or product through research conducted directly with potential customers.
The purpose of Operational Management is to monitor business activities and identify and detect situations relating to inefficiencies, opportunities, and threats and provide operational solutions.
Competences are the combination of a business’ knowledge, skills and technology that can give them the edge versus the competition.
______________ is a family of techniques relating the fields of data science and process management to support the analysis of operational processes based on event logs.
________ are used to design a systematic approach to optimize business processes.
The SWOT analysis is a compilation of your company's strengths, weaknesses, opportunities and _____________.
The following are common types of market research. EXCEPT ONE.
The primary objective of SWOT analysis is to help organizations develop a full awareness of all the factors involved in making a business decision.
Market research generally involves three different types of research : Primary, Secondary and Tertiary.
Data analytics is the science of analyzing raw data in order to make conclusions about that information.
Is Python a data mining tool ?
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