Unit 2
Unit 2
The most common sectors where Data warehouse is used are Airline, Banking, Health care,
Public Sector, Investment and Insurance Sector, Retail Chain, Tele communication and
Hospital Industry.
7. What are the steps to implement Data warehouse?
The best way to address the business risk associated with a Data warehouse
implementation is to employ a three-prong strategy
1. Enterprise strategy
2. Phased delivery
3. Iterative Prototyping
Operational Data Store, which is also called ODS, are nothing but data store required when
neither Data warehouse nor OLTP systems support organizations reporting needs. In ODS, Data
warehouse is refreshed in real time. Hence, it is widely preferred for routine activities like
storing records of the Employees.
22. What are the various tools used to support business analytics?
23. What is the difference between data science and business intelligence?
Business Intelligence (BI) and data science are both data-focused processes, but there are
some key differences between the two. In general, business intelligence focuses on analyzing
past events, while data science aims to predict future trends.
28. What are the four phases of the business analytics process?
Descriptive
Diagnostic
Predictive
Prescriptive