
Drivers of Business Analytics Week 3

Quiz
•
Computers
•
University
•
Easy
Andy Ohemeng
Used 3+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Based on Andy's presentation in class today, which of the following refers to the increasing volume, variety, and velocity of data generated by businesses and individuals?
Value
Volume
Veracity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor has made it easier and more cost-effective to process and analyze large datasets in business analytics?
Technological advancements
Regulatory compliance
Market demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do organizations seek a competitive advantage through business analytics?
To improve data veracity
To enhance operational efficiency
To outperform competitors
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is understanding customer behavior important in business analytics?
To optimize operational efficiency
To gain a competitive edge
To meet regulatory requirements
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does business analytics contribute to risk management?
By enabling real-time data processing
By identifying cost-saving opportunities
By detecting and mitigating risks
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of data-driven decision-making in business analytics?
To make informed and accurate decisions
To improve data veracity
To meet customer demand
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In what way does business analytics contribute to operational efficiency?
By analyzing customer behavior
By forecasting future market trends
By optimizing processes and reducing costs
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