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</p> Signup and view all the answers

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

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

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

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

    What is the realm of data science?

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

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

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

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

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

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

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

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