Digital Business Transformation Quiz

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What is the primary advantage of disruptive technologies mentioned in the text?

Decrease market share

Lack of new products and services

Improve reputation and increase market share (correct)

Reduce customer experience

What is a potential disadvantage of disruptive technologies discussed in the text?

Easy adoption by customers

Expensive for late adopters

Customer trust leading to lack of adoption (correct)

Mature technology with no room for improvement

Why might disruptive technologies be expensive for early adopters?

High cost of technology implementation (correct)

Low market share for early adopters

Less competition for early adopters

Stable technology with no need for improvements

What does digital transformation involve according to the text?

Conversion of analog or physical information to digital format Signup and view all the answers

How can being a leader in using disruptive technologies impact a business's operations?

Improve reputation, increase market share, and enhance business operations Signup and view all the answers

What is a potential risk associated with disruptive technologies not being mature?

Subject to further improvements such as features and performance Signup and view all the answers

What does the 4th Industrial Revolution blur the lines between?

Physical, digital, and biological spheres Signup and view all the answers

Which of the following technologies is NOT considered an enabler of the digital era?

Genetic Engineering Signup and view all the answers

According to Klaus Schwab, who is the founder of the World Economic Forum, what is the main characteristic of the 4th Industrial Revolution?

Blurring the lines between physical, digital, and biological spheres Signup and view all the answers

What analogy is used in the text to describe the importance of data?

Data is compared to oil, needing extraction and refinement Signup and view all the answers

What is one impact of the Digital Era mentioned in the text?

Shifting business models and customer expectations Signup and view all the answers

Which technology did Google's AI Assistant video showcase as a top disruptive technology?

Artificial Intelligence Signup and view all the answers

What is the primary focus of eBanking?

Improving business processes through technology Signup and view all the answers

In the Digital Transformation Domain, what type of competition emphasizes a zero-sum game?

Product driven competition Signup and view all the answers

What is a key characteristic of Data within firms in the Digital Transformation Domain?

Structured data for optimizing processes Signup and view all the answers

What approach does Digital Transformation take towards decision-making?

By testing and validating decisions Signup and view all the answers

How does Digital Transformation define value from data?

By understanding changing customer needs Signup and view all the answers

What is the main characteristic of Digital Disruption as described in the text?

Changing the way businesses operate and compete due to technological advancements Signup and view all the answers

Digital Business Transformation Quiz

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