Week 2 Test. Please respond to the following questions: 1. What are the main categories of data? What types of data can we use for BI and analytics? 2. List and describe the three major categories of...

ASSIGNMENT
1. What are the main categories of data? What types of data can we use for BI and analytics?
· Primitive data type. This is a category of data that is built in in language implementation.
· Composite data type. Derived from more than one primitive data type.
· String data type. The category that is used to represent text instead of numbers.
· Boolean type. Categories that represent values true and false.
· Machine data type stored in bit or binary
· Numeric types i.e. integer and floating
· Prescriptive data. Implemented in order to uncover the steps which need to be followed when doing analysis.
· Predictive. Describes the most probable outcomes of the possible events.
· Diagnostic. This is the kind of information that examines prior performance in order to figure out what occurred.
· Descriptive . It provides a description of what is occurring based on the data that is coming in.
2. List and describe the three major categories of business reports.
A business report is a written document that provides information linked or addressing business concerns. Business reports may be created on a computer or by hand. Clarity, accuracy, and comprehensiveness are the hallmarks of a successful business report.
The following are the three most important types of company reports:
Report on metric management includes the results of oriented matrices and is focused on service level agreements as well as key performance indicators.
In the dashboard report, it is possible to display the presence of a variety of performance indications on a single page, using components that are either static or preset, and it may also display individualised widgets and perspectives.
A balanced scorecard report is one in which a firm presents an integrated picture of its health and includes viewpoints on growth, customer satisfaction, business processes, and finances.
Advantages:
It is able to operate with privacy and check for any mistakes before giving the result for the metric management report.
It is able to display the graph of the organisation in the dashboard report.
A balanced scorecard report is one that allows a firm to focus on all aspects of their business, such as their health and their financial situation.
Disadvantage:
Report on metric management: This report is unable to reveal whether or not the firm has increased or decreased its revenue.
Dashboard report: We are unable to use this information to analyse the company's current financial situation.
It is not...