Podcast
Questions and Answers
What is the process of defining relationships among data to create useful information called?
What is the process of defining relationships among data to create useful information called?
- Data summarization
- Data modeling (correct)
- Data transformation
- Data visualization
Why is valuable information important for decision makers?
Why is valuable information important for decision makers?
- It helps to identify consumer preferences
- It eliminates the need for advanced information systems
- It improves task performance and efficiency (correct)
- It ensures data accuracy without any errors
What percentage of an organization's customer contact data is estimated to be wrong on average?
What percentage of an organization's customer contact data is estimated to be wrong on average?
- 22% (correct)
- 15%
- 30%
- 5%
Which company provides services like credit services, marketing services, decision analytics, and consumer services?
Which company provides services like credit services, marketing services, decision analytics, and consumer services?
What is fundamental to the quality of a decision?
What is fundamental to the quality of a decision?
What is the main difference between data and information?
What is the main difference between data and information?
How can providing information to customers help companies increase revenues and profits?
How can providing information to customers help companies increase revenues and profits?
Using the grocery list analogy, how does arranging data in a certain way add value?
Using the grocery list analogy, how does arranging data in a certain way add value?
In the context of data and information, what does 'aggregated' mean?
In the context of data and information, what does 'aggregated' mean?
How does the free exchange of information help ensure shoppers find better values?
How does the free exchange of information help ensure shoppers find better values?
