Data-Analytic Thinking in Modern Business

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Questions and Answers

Which aspect of business is NOT mentioned as being open to data collection?

  • Operations
  • Manufacturing
  • Employee salaries (correct)
  • Supply chain management

What has led to increasing interest in methods for extracting useful information and knowledge from data?

  • The investments in data collection
  • The availability of data (correct)
  • The focus on exploiting data for competitive advantage
  • The improvement in business infrastructure

What have companies in almost every industry focused on exploiting for competitive advantage?

  • External events
  • Data collection (correct)
  • Business infrastructure
  • Data science

What type of events are mentioned as being widely available for information?

<p>All of the above (D)</p> Signup and view all the answers

What has improved the ability to collect data throughout the enterprise?

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

Which industry is NOT mentioned as being focused on exploiting data for competitive advantage?

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

What is the realm of data science?

<p>Extracting useful information and knowledge from data (A)</p> Signup and view all the answers

What is NOT mentioned as a source of external events for information?

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

What has extensive investments improved the ability to do throughout the enterprise?

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

What is now open to data collection and often even instrumented for data collection?

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

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