BI Class Test-2-AKEY
BI Class Test-2-AKEY
H. T. No. 1 6 0 1
SECTION – A 3 X 2 = 06M
1 Does KPI’s are meant to provide better data visualization? Justify CO3 BL3 [2M ]
Differentiate basic charts with composite charts with an CO4 BL2 [2M ]
2
example
List the possible fields of BI systems in marketing related CO5 BL2 [2M ]
3 decision process
SECTION – B 2x7=14M
Explain the structure of mathematical models and its CO3 BL2 [4M]
4 a
Types
b Identify the need of various basic charts with an example CO4 BL3 [ 3M ]
OR
Explain the various steps involved in the development ofa BL2
5 a CO3 [ 4M ]
model
Identify t h e need of various types of dashboards with any CO4 BL3 [ 3M ]
b one specific domain
SECTION – A
1.Does KPI’s are meant to provide better data visualization? Justify
Ans: KPIs (Key Performance Indicators) are not only meant to provide better data visualization
but also to offer insights into the performance and progress of specific goals within an
organization. Here's how KPIs contribute to better data visualization and why they are important:
Improved Data Visualization:
1. Clarity and Focus: KPIs help in condensing complex data into clear and focused visual elements such
as charts, graphs, and dashboards. This allows stakeholders to quickly grasp key metrics and trends.
2. Highlighting Performance: Visualizing KPIs enables easy identification of performance against
targets. Color-coded indicators (like green for good, yellow for warning, and red for poor) can
instantly convey performance status.
3. Trend Analysis: By tracking KPIs over time, visualizations can reveal patterns, trends, and anomalies
that might not be apparent in raw data. This helps in making informed decisions based on historical
data.
4. Comparative Analysis: KPIs allow for the comparison of different metrics and departments within an
organization. Visual tools like bar graphs, pie charts, and line graphs make these comparisons intuitive
and actionable.
Justification:
1. Enhanced Decision Making: Visualized KPIs provide a straightforward way to interpret data, leading
to more accurate and quicker decision-making. Leaders can identify areas needing attention and act
promptly.
2. Communication: Data visualizations of KPIs effectively communicate performance to all levels of an
organization, from executives to team members. It promotes transparency and aligns everyone with the
organization's goals.
3. Motivation and Accountability: When employees see their contributions visualized through KPIs, it
can boost motivation and foster a sense of accountability. Clear visual goals help teams focus on what
matters most.
4. Strategic Planning: KPIs enable strategic planning by highlighting which areas are performing well
and which need improvement. This aids in resource allocation and long-term planning.
Example:
Imagine an e-commerce company tracking its performance using KPIs:
• Sales Revenue: Visualized through a line graph showing monthly trends.
• Customer Satisfaction: Shown with a bar chart comparing quarterly satisfaction scores.
• Website Traffic: Represented by a pie chart displaying traffic sources (organic, paid, referral).
• Conversion Rate: Illustrated with a gauge chart indicating the percentage of website visitors who
make a purchase.
These visualizations help the company quickly understand its performance and make data-driven decisions to
improve its operations.
SECTION – B
5.b)
Identify t h e need of various types of dashboards with one specific domain
Ans:
Various types of dashboards in business intelligence are used by executives and analysts for a
holistic understanding of operations. Track financial performance, analyze customer satisfaction,
evaluate market trends, and identify opportunities for growth – there's so much you can do with a
BI dashboard
Operational Dashboards
Operational dashboards are designed to monitor and manage daily business operations. They
provide a real-time view of an organization’s immediate activities and performance metrics,
offering detailed insights that are crucial for managing ongoing tasks and processes. Such
dashboards are predominantly used by front-line employees and managers who need to track and
optimize operational efficiency continuously.
Key features of operational dashboards are :
• Real-time monitoring. Up-to-the-minute data updates enable users to monitor current
operations and quickly identify any issues or trends.
• Detailed data. In-depth, specific information about day-to-day activities helps users drill
down into the data for a closer examination of operational performance.
• Customizable views. Users can tailor the dashboard to represent the most relevant metrics
and KPIs, meeting their exact needs.
• Alerts and notifications. Alert systems notify users of abnormal results, anomalies, or
performance deviations requiring immediate engagement.
Strategic Dashboards
Strategic dashboards provide a high-level overview of an organization’s long-term goals and
performance. These tools primarily demonstrate progress toward strategic objectives, assisting
executives and senior management in tracking KPIs and trends as time passes. In contrast to
operational dashboards focused on day-to-day activities, strategic dashboards are concerned with
the insights that inform long-term planning and tracking over specific periods.
Strategic dashboards are outstanding for their emphasis on high-level metrics and long-term
performance indicators. The integral features of such software are as follows:
• High demonstrate retrieved data that spans the entire organization’s performance, such
as revenue growth, market share, and return on investment (ROI).
• Trends analysis. They demonstrate trends over extended periods, so it becomes simpler to
identify patterns, forecast future performance, and adjust strategies accordingly.
• Key Performance Indicators (KPIs). The focus is on critical KPIs aligning with the
organization’s objectives, such as customer acquisition cost, employee turnover rates, and net
promoter score (NPS).
• Visual summaries. Strategic dashboards basically cover charts, graphs, and other
visualization elements that facilitate a transparent and concise summary of strategic data
R20
Analytical Dashboards
Analytical dashboards cater to deep data analysis and thorough investigation of sophisticated data
loads. Using such software, users can explore and analyze data meticulously, catching patterns,
correlations, and insights that support relevant decision-making. The outstanding feature of
analytical dashboards is that they are focused on intensive data exploration and sophisticated
analytics.
Analytical dashboards are distinguished by their advanced features and capabilities, which help
users delve into complicated information, study it comprehensively, and enjoy an interactive
experience within the dashboard.
• Complex data sets. Analytical dashboards can handle large volumes of data from numerous
sources, providing a centralized tool for comprehensive research.
• Historical data analysis. Such solutions often incorporate historical data, helping to keep
track of changes over time, grasp long-term trends, and conduct comparative analysis.
• Advanced analytics tools. Robust analytics tools, such as statistical analysis, predictive
modeling, and data mining techniques, provide deeper insights and more accurate forecasts.
• Interactive data exploration. Users can interact with the data, dive deeper into particular
details, and customize views to focus on particular aspects of the data set.