Business Analytics Overview
57 Questions
3 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the main focus of business analytics?

  • Enhancing production operations
  • Generating insights for decision-making (correct)
  • Creating business processes
  • Developing historical data systems

How does business analytics 'transform data'?

  • By ignoring data trends
  • By randomly selecting data points
  • By storing data in databases
  • By converting data into actionable insights (correct)

What is the purpose of applying analytics to business data?

  • To hide business performance
  • To confuse business decisions
  • To create chaos in organizations
  • To describe past trends and diagnose problems (correct)

What does Business Intelligence (BI) aim to provide organizations with?

<p>Actionable insights for decision-making (D)</p> Signup and view all the answers

What does the Business Intelligence Process focus on improving?

<p>Strategic decision-making (C)</p> Signup and view all the answers

What is the key objective of the suite of technologies used for Business Intelligence?

<p>Analyzing current and historical data for strategic decision-making (D)</p> Signup and view all the answers

What is the primary definition of data according to the text?

<p>Raw facts (C)</p> Signup and view all the answers

Which part of the course covers the application of Integrated Management Systems like ERP and CRM in organizations?

<p>Fundamentals of Information Systems (E)</p> Signup and view all the answers

What is the focus of Part 3 in the course 'Fundamentals of Information Systems Management'?

<p>Ethical issues (D)</p> Signup and view all the answers

In the context of data management, what is meant by 'Just number(s) and /or text'?

<p>Raw facts without context (C)</p> Signup and view all the answers

Which course section specifically addresses foundations of data management, including security, ethics, and sustainability considerations?

<p>Part 1: Data; Data Management (C)</p> Signup and view all the answers

'Fundamentals of Information Systems, including their composition and functions in organizations' is a part of which course objective?

<p>Course Objective 1 (C)</p> Signup and view all the answers

What is the main difference between data and information?

<p>Data is raw facts, while information includes context. (B)</p> Signup and view all the answers

How is information different from data?

<p>Information includes processed data, while data is just raw facts. (B)</p> Signup and view all the answers

What does 'data transformation' involve?

<p>Summarizing and organizing data (B)</p> Signup and view all the answers

What characterizes properties of information like 'intangibility & non-rivalrousness'?

<p>Low reproduction costs (C)</p> Signup and view all the answers

How are databases typically structured?

<p>Databases are organized and stored digitally for easy access. (B)</p> Signup and view all the answers

What is the main function of relational databases?

<p>Relational databases organize data based on relationships between entities. (C)</p> Signup and view all the answers

What is the main purpose of descriptive analytics?

<p>Identify trends and relationships in current and historical data (A)</p> Signup and view all the answers

Which tool can be used for descriptive analytics?

<p>Microsoft Excel (B)</p> Signup and view all the answers

What question does predictive analytics aim to answer?

<p>What might happen in the future? (B)</p> Signup and view all the answers

What type of data analytics is used to determine the causes of trends and correlations?

<p>Diagnostic analytics (B)</p> Signup and view all the answers

In business intelligence, what kind of data can be analyzed to gain insights into how the business is performing?

<p>Both past and current data (B)</p> Signup and view all the answers

Which type of analytics can be viewed as a logical next step after using descriptive analytics to identify trends?

<p>Diagnostic analytics (D)</p> Signup and view all the answers

What is the main purpose of application security measures?

<p>To prevent data or code within the app from being stolen (C)</p> Signup and view all the answers

Which of the following is NOT considered a type of malware?

<p>Firewalls (A)</p> Signup and view all the answers

What do botnets consist of?

<p>Networks of compromised computers controlled by a central command system (C)</p> Signup and view all the answers

Which cyber-attack renders a service or system unavailable by flooding it with requests?

<p><strong>Distributed Denial-of-Service (DoS/DDoS)</strong> (A)</p> Signup and view all the answers

What is the defining characteristic of malware according to the text?

<p><strong>Intent to cause harm</strong> (D)</p> Signup and view all the answers

What is the primary purpose of prescriptive analytics?

<p>To determine an optimal course of action (B)</p> Signup and view all the answers

Which method is often utilized in prescriptive analytics to identify possible options and make recommendations?

<p>Probabilities (B)</p> Signup and view all the answers

What core principle does the GDPR not require from companies?

<p>Allowing unrestricted transfer of personal data to any country (D)</p> Signup and view all the answers

What aspect does regression analysis primarily focus on?

<p>Determining relationships between variables (D)</p> Signup and view all the answers

Based on the information privacy rights court decisions mentioned, what must privacy be balanced against?

<p>Societal needs (B)</p> Signup and view all the answers

Which tool should effectively answer specific business needs according to the text?

<p>Decision trees (C)</p> Signup and view all the answers

Which statement accurately reflects the relationship between the public's right to know and an individual's right to privacy, as per the content?

<p>Public's right to know overrides individual privacy rights (C)</p> Signup and view all the answers

What does sustainable computing primarily aim to achieve?

<p>Environmental friendliness in IT operations (A)</p> Signup and view all the answers

Which storage method involves storing digital information on local servers and newer methods like cloud storage?

<p>On-premise storage (A)</p> Signup and view all the answers

In the context of information privacy rights as discussed, what is the key aspect that makes privacy not an absolute right?

<p>Balancing individual privacy and societal needs (A)</p> Signup and view all the answers

What is one specific restriction imposed by the GDPR on EU member nations regarding personal data transfer?

<p>Data cannot be transferred to countries with different privacy protections (C)</p> Signup and view all the answers

What is the primary function of a primary key in a relational database?

<p>To uniquely identify records within a table (C)</p> Signup and view all the answers

What distinguishes a relational database from document databases and key-value stores?

<p>Relational databases use tables with rows and columns (D)</p> Signup and view all the answers

In a relational database, what is the role of foreign keys?

<p>To link tables by referencing primary keys from other tables (C)</p> Signup and view all the answers

What does it mean for tables to be 'linked using related data' in a relational database?

<p>Tables have primary keys that can be used as foreign keys in other tables (B)</p> Signup and view all the answers

Which concept refers to protecting data, regardless of its form, and includes securing data stored electronically as well as physical security measures?

<p>Information Security (InfoSec) (C)</p> Signup and view all the answers

Why do relational databases earn their name according to the text?

<p>As a result of linking tables using primary and foreign keys (A)</p> Signup and view all the answers

What does IT security primarily aim to protect in technological systems?

<p>Assets (C)</p> Signup and view all the answers

Which type of security measure refers to securing access through login rights to use a service hosted by a cloud services provider?

<p>Cloud security (D)</p> Signup and view all the answers

Which aspect of Information Security involves protecting data stored electronically and using measures like encryption?

<p>Data security (D)</p> Signup and view all the answers

In the context of cloud computing, what does SaaS stand for?

<p>Software as a Service (C)</p> Signup and view all the answers

Which term describes the infrastructure, platforms, and applications hosted by a cloud services provider to support the licensing and delivery of software?

<p>Platform-as-a-Service (PaaS) (B)</p> Signup and view all the answers

What is the primary focus of business analytics?

<p>Generating insights to positively influence business decisions (D)</p> Signup and view all the answers

In the context of business intelligence, what is the main purpose of creating BI systems and processes?

<p>To improve strategic decision-making and gain a competitive advantage (B)</p> Signup and view all the answers

What distinguishes Business Intelligence (BI) from Business Analytics (BA)?

<p>BI focuses on producing actionable insights, while BA focuses on generating insights from data. (D)</p> Signup and view all the answers

What is the key objective of applying analytics to business data?

<p>To describe past trends, diagnose problems, predict future course, and prescribe actions (A)</p> Signup and view all the answers

How does the Business Intelligence Process contribute to an organization's success?

<p>By organizing technologies for analyzing data to improve strategic decision-making (A)</p> Signup and view all the answers

What characterizes the relationship between Business Analytics and Business Intelligence?

<p>BI systems support the production of business intelligence derived from BA insights (A)</p> Signup and view all the answers

More Like This

Foundations of Business Analytics Quiz
5 questions
Business & Data Analytics Module 1
34 questions
Business Analytics: Decision Making
36 questions
Use Quizgecko on...
Browser
Browser