Digital Business Transformation Quiz

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Questions and Answers

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?

<p>Conversion of analog or physical information to digital format (B)</p> Signup and view all the answers

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

<p>Improve reputation, increase market share, and enhance business operations (A)</p> Signup and view all the answers

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

<p>Subject to further improvements such as features and performance (A)</p> Signup and view all the answers

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

<p>Physical, digital, and biological spheres (D)</p> Signup and view all the answers

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

<p>Genetic Engineering (B)</p> 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?

<p>Blurring the lines between physical, digital, and biological spheres (C)</p> Signup and view all the answers

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

<p>Data is compared to oil, needing extraction and refinement (B)</p> Signup and view all the answers

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

<p>Shifting business models and customer expectations (C)</p> Signup and view all the answers

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

<p>Artificial Intelligence (C)</p> Signup and view all the answers

What is the primary focus of eBanking?

<p>Improving business processes through technology (D)</p> Signup and view all the answers

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

<p>Product driven competition (D)</p> Signup and view all the answers

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

<p>Structured data for optimizing processes (D)</p> Signup and view all the answers

What approach does Digital Transformation take towards decision-making?

<p>By testing and validating decisions (A)</p> Signup and view all the answers

How does Digital Transformation define value from data?

<p>By understanding changing customer needs (D)</p> Signup and view all the answers

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

<p>Changing the way businesses operate and compete due to technological advancements (B)</p> Signup and view all the answers

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