Advanced Analytics and Big Data Quiz
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Questions and Answers

What is the primary focus of Business Intelligence (BI)?

  • Utilizing advanced analytical techniques with big data
  • Combining analytical and machine learning techniques
  • Creating new problems for companies to solve
  • Measuring past performance and informing business planning (correct)

    • Where are Measures and Key Performance Indicators (KPIs) commonly defined to enable BI reporting?

  • Predictive Analytics framework
  • Data Mining schema
  • OLAP schema (correct)
  • Machine Learning model

    • Which technique refers to the combination used for drawing inferences and insights out of data?

  • Cross-selling techniques
  • Advanced analytical techniques
  • Regulatory requirements
  • Predictive Analytics & Data Mining (correct)

    • What does the text suggest about predicting customer churn rates?

    <p>It can be performed with some latency considering the speed of decision-making needed</p> Signup and view all the answers

    Why do analysts need to partner with IT and DBAs for the loan process?

    <p>To get the data they need within an analytic sandbox containing raw and aggregated data</p> Signup and view all the answers

    What is required for successful predictive analytics projects according to the text?

    <p>A combination of advanced analytical methods, big data, and machine learning algorithms</p> Signup and view all the answers

    What is one benefit of in-database processing for deep analytics?

    <p>Enables faster turnaround time for developing new analytic models</p> Signup and view all the answers

    What type of data can analytic sandboxes house, according to the text?

    <p>Webscale data, raw data, and unstructured data</p> Signup and view all the answers

    How can organizations create a competitive advantage using advanced analytics?

    <p>Applying advanced analytical techniques to optimize processes</p> Signup and view all the answers

    In the context of business problems, what do organizations have an opportunity to leverage?

    <p>Advanced analytics to create competitive advantage</p> Signup and view all the answers

    Big data can only come in structured form, such as financial data and text files.

    <p>False</p> Signup and view all the answers

    Most of the big data is unstructured or semi-structured in nature.

    <p>True</p> Signup and view all the answers

    Parallel computing environments are not preferred for processing big data.

    <p>False</p> Signup and view all the answers

    Non-structured data types like semi and unstructured data are not expected to contribute to future data growth.

    <p>False</p> Signup and view all the answers

    In a classic RDBMS storing call logs for a software support center, all data is typically structured.

    <p>False</p> Signup and view all the answers

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