Data analytics involved looking at historical data to...

2.1 The Data Analytics Revolution

Quiz
•
Specialty
•
Professional Development
•
Hard
Cesar Riveros
Used 5+ times
FREE Resource
11 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
uncover trends, patterns and other descriptive information about an organization
dicover patterns and trends
for trending, data analytics
uncover insights into customer and employee behaviors
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Data sets used for analysis of trends, patterns and other descriptive information about an organization, is called?
traditional analytics
descriptive analytics
predictive analytics
business decisions analytics
3.
MULTIPLE SELECT QUESTION
1 min • 1 pt
descriptive analytics contain static data such as
past product performance
customer transactions
inventory levels
inventory lead times
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
descriptive analytics
is usually analyzed immediately
the less compiled
is to present information
is not usually analyzed immediately
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the primary goal of traditional data analysis?
Is to present results of descriptive analytics
is to present information in a way that is easy for non-technical decision makers to understand
is no longer enough only to run descriptive analysis on data
is not used to draw inferences
6.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Examples of insights uncovered through traditional analytics include...
past product performance
company profitability
inventory lead times
advertising program success
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Example of organizations using advanced analytics to improve their operations
company profitability, inventory lead times
a bussines looking at historical data
a manufacturer constantly monitoring defect reports in order to modify production processes as quickly as possible
a bank immediately discards each transaction from the account
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