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

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

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

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

    <p>Genetic Engineering</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</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</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</p> Signup and view all the answers

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

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

    What is the primary focus of eBanking?

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

    What approach does Digital Transformation take towards decision-making?

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

    How does Digital Transformation define value from data?

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

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