Business Intelligence Interview Questions
Business Intelligence is nothing but a term that helps the user in decision making to run the business or important questions related to business. It helps the user in the management of any organization for the growth of their business. BI helps the user to make the decision that leads to growth in their business with the help of the appropriate reports and data of any business, which is very important.
So you have finally found your dream job in Business Intelligence but are wondering how to crack the 2021 Business Intelligence Interview and what could be the probable Business Intelligence Interview Questions. Every interview is different, and the scope of a job is different too. Keeping this in mind, we have designed the most common Business Intelligence Interview Questions and Answers to help you get success in your interview. You can easily crack these Business Intelligence Interview Questions, which are asked in an interview.
Top 10 Business Intelligence Interview Questions and Answers
1. What is Business Intelligence?
The term ‘Business Intelligence’ (BI) provided the user with data and tools to answer any decision making the important question of an organization; it can be related to run the business or part of a business. In short, business intelligence is used for reporting the specified data of any business, which is very important and using which higher management of any organization will make the decision for the growth of their business. Normally below decisions can be decided by any organization from the Business Intelligence tool:
2. What are the different stages and benefits of Business Intelligence?
- Data Source: It is about extracting data from multiple data source.
- Data Analysis: It is about providing a proper analysis report based on useful knowledge from collecting data.
- Decision-Making Support: It is about to properly using the information. It always targets to provide a proper graph on important events like take over, market changes, and poor staff performance.
- Situation Awareness: It is about filtering out irrelevant information and setting the remaining information in the context of the business and its environment.
- Risk Management: It is about to discover that what corrective actions might be taken or decisions made at different times.
3. What are different Business Intelligence tools available in the market?
4. What is the universe in Business Analytics?
The universe is a kind of semantic layer between the database and user interface. More correctly, it is one of the interfacing layers between the client (business user) and a data warehouse. It actually defines an entire relationship between various tables in a data warehouse.
5. Define or list the differences between OLAP and OLTP?
6. What is a dashboard in a data warehouse?
The dashboard is nothing but the arrangement of all the reports and graphs on one page. It is nothing but the collection of reports in a different format that has the same functionality display on the same page.
7. Explain the difference between data warehouse and transnational system.
|Transactional System||Data Warehouse System|
|It normally designed to process with day to day data, so it mainly concentrates on high volume transaction processing rather than backend reporting.||It normally designed to processed high volume analytical reporting and subsequence. It is also elaborating report generation.|
|It is normally processes driven, which means it depends on a business-specific task or execution.||It is actually subject-oriented, which means it loads data from a transactional system, then open to use for any kind of analytical reporting, which helps the organisation make proper decisions based on that specific subject.|
|It is normally handling current transactional data.||It is normally handling historical data.|
|Data within a transactional system can insert or update or delete in each task.||Data warehouse data is called as non-volatile, meaning that new data can be added regularly, but once loaded, those data are rarely changed.|
|In case of performance or speed, we should always prefer a transactional system for inserting, updating or deleting small volumes of data.||We should always prefer a data warehouse to fast retrieval of a relatively large volume of data.|
8. Explain the Fact and Dimension table with an example.
A Fact table is the center table in the star schema of a data warehouse. It was actually holding quantitative information for analysis, and maximum time it de-normalized.
Basic Business Analyst Interview Questions
1. What is the role of a business analyst in an organization?
It is the most fundamental question you can expect during your interview. You can answer this question by explaining that a business analyst is a liaison or a link between different stakeholders belonging to different domains in an organization. A business analyst should have the capabilities to fulfill the business objectives and balance the needs of various stakeholders.
2. How do you see yourself fit for the role of business analyst in our company?
With this type of business analyst interview questions, the interviewer wants to assess your understanding regarding the job role and whether you match the company’s expectation of the desired candidate.
You can give examples of the previous works that show the interviewer what benefits you will bring to the company. Make sure your answer has a problem and the solution you implemented.
3. What, according to you, are the core competencies of a Business Analyst?
It is one of the most common business analyst interview questions. Although every company is different, the core requirements of a business analyst profile are quite similar. Make sure to go over an organization’s job description in detail to understand the required core competencies and include them in your answer.
You can answer this by stating that a business analyst must have exceptional communication and negotiation skills. Analytical thinking, problem-solving, and decision making are also vital attributes. A business analyst should have industry knowledge, business process management skills along with technical proficiency.
4. List some of the skills and tools used by Business Analysts.
5. Do you have any technical skills? Can you list your database skills or business intelligence skills?
It is not compulsory to have advanced technical skills like relational databases and SQL, but the more technically proficient you are as a business analyst, the better. These skills are most desirable and widely used, so if you have some experience in using these technologies, make sure you explain them to your interviewer.
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6. What is INVEST?
INVEST is an abbreviation of Independent, Negotiable, Valuable, Estimable, Sized appropriately, and Testable. This term is used by business analysts and project managers to deliver quality services and products.
7. Are you aware of the different techniques like MoSCoW and SWOT?
MoSCoW stands for Must or Should, Could or Would. A business analyst should implement this process by comparing every demand with other needs to prioritize the framework requirements. For example, is this requirement a must-have or should have?
SWOT or Strengths, Weaknesses, Opportunities, and Threats Analysis is the most widely used technique in organizations for proper resource allocation. A business analyst should be able to identify the strengths and weaknesses of any corporate framework and translate them into opportunities and threats.
8. What do you mean by project deliverables?
9. How do you keep yourself updated about the latest business trends and knowledge?
The interviewer wants to know what actions you take to keep your knowledge and skills updated. You can answer this question by including references to news and industry publications. You can also list the events and conferences you attend to connect with the business community.
10. What are the various stages of a business project?
What are the five major stages of business intelligence?
Business Intelligence (BI) is the process of transforming the obtained information from business data into knowledge that could be used to enhance the business’s growth. Data represents facts and figures, while information is processed data. And when the information is further processed, it adds sense and meaning to it to become knowledge.
1. Data Sourcing – Obtaining data from different sources in the electric form, such as digital cameras, database queries, computer file access, web searches, scanners, etc.
2. Data Analysis – The data is analyzed by estimating current trends, understanding and predicting missing information, summarizing the available information, and predicting future trends.
3. Situation Awareness – BI is about filtering the irrelevant information to stay only with the relevant information that can be of any value.
4. Risk Assessment – BI is about assessing the risks and benefits of different decisions that are taken.
5. Decision Support – BI helps to assess every decision that has been taken to improve on portions where it is required and make everything smooth.
What are the key elements of the business intelligence system?
One of the most common mistakes made by organizations is that they consider front-end BI tools to be similar to BI systems. But, there’s a lot more included in every BI system that can be of huge help for the organization.
There is a huge variety of business reports. If we move towards the category of managerial processes, the major categories can be grouped into balanced scorecard-type reports, dashboard-type reports, and metric management reports.
1. Metric Management Reports – These reports include outcome-oriented metrics based on the key performance indicators.
2. Dashboard-type Reports – These reports provide static as well as a customizable view of different performance indicators on a single page.
3. Balanced Scoreboard-type Reports – These reports include an integrated view for determining the company’s health from different perspectives, including financial, growth, customer, and business view.