Podcast
Questions and Answers
Which application of business analytics helps companies reduce waste and improve efficiency in their operations?
Which application of business analytics helps companies reduce waste and improve efficiency in their operations?
- Predictive maintenance
- Supply chain optimization (correct)
- Demand forecasting
- Customer segmentation
What is the primary goal of business analytics in customer segmentation?
What is the primary goal of business analytics in customer segmentation?
- To estimate consumer demand
- To optimize prices dynamically
- To group customers based on common characteristics (correct)
- To identify fraudulent activities
Which application of business analytics helps streaming services like Netflix recommend content to users?
Which application of business analytics helps streaming services like Netflix recommend content to users?
- Predictive maintenance
- Personalized recommendations (correct)
- Demand forecasting
- Supply chain optimization
What is the main benefit of using business analytics for predictive maintenance in manufacturing?
What is the main benefit of using business analytics for predictive maintenance in manufacturing?
Which application of business analytics helps financial institutions detect fraudulent activities?
Which application of business analytics helps financial institutions detect fraudulent activities?
What is the primary application of business analytics in enhancing customer service?
What is the primary application of business analytics in enhancing customer service?
What is a potential research topic in Business Analytics that involves predicting when equipment failures might occur?
What is a potential research topic in Business Analytics that involves predicting when equipment failures might occur?
In the context of Business Analytics, what is the term for dividing a market into smaller segments to better understand customer behavior?
In the context of Business Analytics, what is the term for dividing a market into smaller segments to better understand customer behavior?
What is the term for using data and analytics to identify and prevent fraudulent transactions?
What is the term for using data and analytics to identify and prevent fraudulent transactions?
In the context of Business Analytics, what is the term for using data to improve the efficiency of logistics and inventory management?
In the context of Business Analytics, what is the term for using data to improve the efficiency of logistics and inventory management?
What is the term for using data and analytics to recommend products to customers based on their past behavior?
What is the term for using data and analytics to recommend products to customers based on their past behavior?
What is the term for using statistical models to forecast future events or behaviors?
What is the term for using statistical models to forecast future events or behaviors?
What is a thesis in the context of business analytics?
What is a thesis in the context of business analytics?
What is the primary purpose of a thesis project?
What is the primary purpose of a thesis project?
What areas of study does a thesis project often span?
What areas of study does a thesis project often span?
What is a thesis project similar to?
What is a thesis project similar to?
What can a thesis project be viewed as?
What can a thesis project be viewed as?
What elements do computer science and information systems have?
What elements do computer science and information systems have?
