business analytics

What is data

• Information

• facts and statistics collected together for reference or analysis

• processed collection of content

• all of the above

Sources of collection of data

• Public

• Internal

• External

• Software

• All of the above

What statement below best describes why we do data analytics in business?

• Analytics improve our understanding of how the business works

• We must show a return on the investment we make in data & analytical resources

• We need specific insights to make business decisions

• We have to calculate & report financial results to owners / shareholders

Business Analysis and Business Analytics are the terms that can be used synonymously

• True

• False

Tools for Business Analytics

• Python

• Excel

• R Programming

• Hadoop

Decision making is the process of

• choosing the best from available alternatives

• going with the opinion of the majority

• both of these

• none of these

Business Intelligence has replaced Business Analytics

• True

• False

Business Analytics can aid in efficient decision making because

• various tools are used

• a proper evaluation is done with required analysis

• it is emerging

• mangers like to use new terminology

V's of Big Data

• Volume

• Veracity

• Velocity

• Validatory

Business analytics is interdisciplinary involving

• Mathematics

• Statistics

• Computers

• Psychology