Slides 7: Data Literacy and Strategy
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Questions and Answers

What is identified as the defensible barrier for many businesses among leading AI teams?

  • Data replication
  • Access to data (correct)
  • Digital signals
  • Software

    • According to the European Commission, how much revenue could be generated in the European data economy by 2025?

  • 500 billion euros
  • 1 trillion euros
  • 2 trillion euros
  • 829 billion euros (correct)

    • What does Andrew Ng, former Google Brain, consider exceedingly difficult to access among leading AI teams?

  • Software
  • Digital signals
  • Access to data (correct)
  • Data replication

    • Which term is used to describe data as the new oil?

    <p>None of the above</p> Signup and view all the answers

    What type of data is identified as the input for synthetic data generation?

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

    According to the European Union's Data Strategy, what shapes Europe's digital future?

    <p>Data value</p> Signup and view all the answers

    What are the key focus areas for synthetic data?

    <p>Perception Analysis Language Planning Generation</p> Signup and view all the answers

    What is perceived as the new oil in the context of unsplash.com/de/@filmlav picture?

    <p>$829 billion euros</p> Signup and view all the answers

    What is considered as the defensible barrier for many businesses according to Andrew Ng, former Google Brain?

    <p>Access to someone else’s data</p> Signup and view all the answers

    What is the ontological reversal as described in the text?

    <p>Data represents and reflects physical reality</p> Signup and view all the answers

    According to the text, what is the consequence of no data literacy?

    <p>Vulnerability to misinformation and data misuse</p> Signup and view all the answers

    Which type of bias is mentioned in the text as a potential problem in machine learning?

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

    What does the term 'train-serving skew' refer to in machine learning applications?

    <p>Production data differing from training data</p> Signup and view all the answers

    What is the impact of low data literacy as discussed in the text?

    <p>Limitation of career growth</p> Signup and view all the answers

    What is the advantage of having feature accuracy in data?

    <p>Ground truth</p> Signup and view all the answers

    In the context of machine learning, what does 'target class balance' refer to?

    <p>Many ML approaches assume a relatively equal number of samples per target class</p> Signup and view all the answers

    What is the main focus of the data-sharing ecosystems mentioned in the text?

    <p>Reciprocal data-sharing</p> Signup and view all the answers

    According to the text, what percentage of companies surveyed in Germany do not yet exchange data?

    <p>71%</p> Signup and view all the answers

    What are identified as key challenges in exchanging data in industrial ecosystems?

    <p>Culture and mindset</p> Signup and view all the answers

    Which ecosystem is primarily associated with the concept of a data-supply-chain?

    <p>Collaborative data-supply-chain ecosystem</p> Signup and view all the answers

    What type of ecosystem emphasizes mutual sharing and exchange of data?

    <p>Reciprocal data-sharing ecosystem</p> Signup and view all the answers

    Which challenge specifically relates to the need for a common vocabulary and structure for data in industrial ecosystems?

    <p>The need for ontologies</p> Signup and view all the answers

    According to the text, what wins championships?

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

    Which aspect is NOT identified as a key challenge in exchanging data in industrial ecosystems?

    <p>Competitive analysis challenges</p> Signup and view all the answers

    What does 63% represent in the context of companies surveyed in Germany?

    <p>Percentage of companies not exchanging data</p> Signup and view all the answers

    Which type of ecosystem emphasizes collaborative sharing and distribution of data within a supply chain network?

    <p>Collaborative data-supply-chain ecosystem</p> Signup and view all the answers

    What is a common step in ML pipelines to avoid overfitting?

    <p>Data deduplication</p> Signup and view all the answers

    What does the term 'data lineage' refer to?

    <p>Tracking the flow of data over time</p> Signup and view all the answers

    Which standard provides a privacy framework for information security management systems?

    <p>ISO/IEC 27001</p> Signup and view all the answers

    What is the main purpose of the ISO/IEC 27001 standard?

    <p>Creating a system to manage risks related to data security</p> Signup and view all the answers

    What is the primary function of data lineage tools?

    <p>Making the flow of data transparent and inspectable</p> Signup and view all the answers

    What does the term 'Skywise' refer to in the context of the aviation industry?

    <p>A platform connecting in-flight, engineering, and operations data</p> Signup and view all the answers

    'Data sharing ecosystems' arise when organizations agree to share data and insights under what condition?

    <p>Under locally applicable regulations</p> Signup and view all the answers

    What is the main focus of the project referred to in the quote by Hugo Ceulemans?

    <p>Efficiency gains in discovery efforts</p> Signup and view all the answers

    'Uniqueness' refers to what aspect of real-world entities or concepts?

    <p>Being referred to by only one representation</p> Signup and view all the answers

    What aspect is crucial in ensuring that data resources do not become a honey pot for attacks?

    <p>Data security compliance</p> Signup and view all the answers

    What did Andrew Ng consider as the defensible barrier for many businesses?

    <p>Access to data</p> Signup and view all the answers

    According to the European Commission, how much revenue could be generated in the European data economy by 2025?

    <p>829 billion dollars</p> Signup and view all the answers

    What is the primary focus of the project referred to in the quote by Hugo Ceulemans?

    <p>Synthetic data generation</p> Signup and view all the answers

    According to the text, what is perceived as the new oil in the context of unsplash.com/de/@filmlav picture?

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

    Which aspect is crucial in ensuring that data resources do not become a honey pot for attacks?

    <p>Data lineage tools</p> Signup and view all the answers

    What is the ontological reversal as described in the text?

    <p>Data creates and reflects physical reality</p> Signup and view all the answers

    What is the consequence of no data literacy?

    <p>False, biased, or misinterpreted output leading to ill-informed decisions</p> Signup and view all the answers

    What is the main focus of the project referred to in the quote by Hugo Ceulemans?

    <p>Data imagination</p> Signup and view all the answers

    What does the term 'Skywise' refer to in the context of the aviation industry?

    <p>Data lineage tools</p> Signup and view all the answers

    What makes an apple qualitative?

    <p>Its ability to meet your requirements</p> Signup and view all the answers

    What is the purpose of de-duplication in ML pipelines?

    <p>To avoid overfitting in the ML-model</p> Signup and view all the answers

    What does 'timeliness' refer to in the context of data quality assessment?

    <p>The extent to which the data is sufficiently up-to-date for the task</p> Signup and view all the answers

    What is the primary focus of a chief data officer according to the text?

    <p>Ensuring data security, privacy, integrity, quality, regulatory compliance, and governance</p> Signup and view all the answers

    What do ISO/IEC 29100:2011 and ISO/IEC 27001 primarily provide?

    <p>A framework for information security management systems and a standard for privacy safeguarding considerations</p> Signup and view all the answers

    Which process does data lineage help in tracking?

    <p>The flow of data over time within the data pipeline</p> Signup and view all the answers

    What do data brokerage and aggregation ecosystems aim to achieve?

    <p>Facilitate data hoarding and monopolization</p> Signup and view all the answers

    What is the primary function of federated analytics ecosystems?

    <p>Ensuring data segregation for secure analysis</p> Signup and view all the answers

    What challenge is commonly associated with collaborative data-supply-chain ecosystems?

    <p>Data duplication and redundancy</p> Signup and view all the answers

    In the context of industrial ecosystems, what is a significant barrier to exchanging data?

    <p>Lack of clarity in data ownership</p> Signup and view all the answers

    What is a key factor contributing to the challenge of exchanging data in industrial ecosystems?

    <p>Insufficient management and administration capabilities</p> Signup and view all the answers

    What did Andrew Ng consider as the defensible barrier for many businesses?

    <p>Access to someone else's data</p> Signup and view all the answers

    What is identified as the new oil in the context of unsplash.com/de/@filmlav picture?

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

    What does 'Skywise' refer to in the context of the aviation industry?

    <p>A data-sharing ecosystem</p> Signup and view all the answers

    What does 'timeliness' refer to in the context of data quality assessment?

    <p>Relevance and usefulness of data at a given time</p> Signup and view all the answers

    What are the key focus areas for synthetic data?

    <p>Synthesizing new data samples</p> Signup and view all the answers

    'Uniqueness' refers to what aspect of real-world entities or concepts?

    <p>The characteristic that differentiates real-world entities or concepts</p> Signup and view all the answers

    What is the purpose of de-duplication in ML pipelines?

    <p>To avoid overfitting by removing redundant data</p> Signup and view all the answers

    Which principle relates to processing of personal data according to regulatory requirements?

    <p>Data security and privacy</p> Signup and view all the answers

    What does ISO/IEC 27001 primarily provide?

    <p>A standard for information security management systems</p> Signup and view all the answers

    What is the process of tracking the flow of data over time called?

    <p>Data lineage</p> Signup and view all the answers

    What do data sharing ecosystems arise from?

    <p>Local regulations and standards</p> Signup and view all the answers

    What is the purpose of 'Skywise' in the aviation industry?

    <p>To track and analyze in-flight, engineering, and operations data</p> Signup and view all the answers

    What is the primary focus of data literacy?

    <p>To use data productively and to think about it in a critically reflective way</p> Signup and view all the answers

    Why is it important to question information?

    <p>To avoid being fooled with charts</p> Signup and view all the answers

    What is the typical reason why machine learning applications fail?

    <p>Production data differing from training data</p> Signup and view all the answers

    What is the impact of no data literacy?

    <p>False, biased, or misinterpreted output leading to ill-informed decisions</p> Signup and view all the answers

    What can go wrong with scanning a document?

    <p>Low quality data</p> Signup and view all the answers

    What makes an apple qualitative?

    <p>Its ability to meet your requirements</p> Signup and view all the answers

    What is the main focus of data brokerage and aggregation ecosystems?

    <p>Enabling real-time data sharing</p> Signup and view all the answers

    What challenge is commonly associated with federated analytics ecosystems?

    <p>Lack of ontologies</p> Signup and view all the answers

    What do collaborative data-supply-chain ecosystems aim to achieve?

    <p>Optimizing synthetic data generation</p> Signup and view all the answers

    Which aspect is crucial in ensuring that data resources do not become a honey pot for attacks?

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

    What is the primary function of a chief data officer according to the text?

    <p>Promoting a data-driven culture and mindset</p> Signup and view all the answers

    'Uniqueness' refers to what aspect of real-world entities or concepts?

    <p>The distinctiveness and rarity</p> Signup and view all the answers

    'Offense wins games (but) defense wins championships' is mentioned in reference to which context?

    <p>The value of defensive strategies in achieving long-term success</p> Signup and view all the answers

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