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6500 601 - Business Analytics & Information Strategy Exam I questions with right answers.
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6500 601 - Business Analytics & Information Strategy Exam I questions with right answers.
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6500 601 - Business Analytics &Information Strategy Exam I questions
with right answers.
Analytics can help companies only in a few industries. True or False? ANS - False
The five V's of Big Data are volume, velocity, volatility, variety & veracity. True/False? ANS - False
The three basic building blocks of business analytics are technology, process & people. True/False? ANS
- True
Big Data makes companies smart. True/False? ANS - True
Unstructured data increases the veracity in the data. True/False? ANS - False
These are the three reasons why companies use analytics except:
Government regulations protect companies;
Proprietary technologies are copied;
Geographic advantages do not exist anymore;
Getting difficult to differentiate based on products, services, or uses of IT among companies today ANS
- Government regulations protect companies
Which of the following is not one of the four drivers of business analytics?
Comply to regulatory requirements;
Desire to analyze big data;
Predict new business opportunity;
,Desire to optimize business operations ANS - Desire to analyze big data
Which data asset is an example of unstructured data?
Database table;
XML data file;
Web Server log file;
News article text; ANS - News article text
_______ is a form of analytics which examines data to answer the question "What should be done?" or
"What can we do to make XYZ happen?"
Descriptive;
Exploratory;
Predictive;
Prescriptive; ANS - Prescriptive
All of the following are correct except one when describing the present-day analytics.
Fact-based decision making;
Data-driven;
Decision-Focused;
Centrally managed;
Entire organization ANS - Data driven
Big data can generate significant financial value across many companies & industry sectors. True/False?
ANS - True
Companies are competing on analytics these days because they have a lot of data (big data). True/False?
ANS - True
, One of the tangible benefits of big data for companies is reduced risks. True/False? ANS - True
Answer to questions such as "What happened in the past & what will happen in the future" are
considered to be insight. True/False? ANS - False
Analytics can help companies to be efficient but not as effective. True/False? ANS - False
If 100 megabytes of storage costs a penny, a terabyte of storage would be cost
$1,000;
$10,000;
$100,000;
$1,000,000;
$100 ANS - $100
Which is not considered a defining characteristic of big data?
Volume;
Processing complexity;
Data structure;
Data quality; ANS - Data quality
Analytics are not applicable when
You have no historical data;
Variables are difficult to be measured;
There is not time to perform analysis (rapid decision making);
Totally unstructured decision;
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