Digital Transformation Strategies in Banking and Business

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What is the main focus of B&Y Melon's strategy as mentioned in the text?

Architecting the business for speed and integration

Developing a digital services platform

Defining distinct roles like Data Steward, Data Engineer, Data Scientist

Creating service leaders for digital services accountability (correct)

What is the foundational element for efficiency and reliability in the digital economy?

Digital services platform

Analytics Strategy

Operational Backbone (correct)

Second Platform integrating cloud, mobility, data, and AI

Which role is responsible for managing data quality, security, and compliance?

Data Steward (correct)

Data Engineer

Functional Analyst

Data Scientist

What does the Analytics Strategy define according to the text?

How an organization operates and aligns resources with market Signup and view all the answers

Which role focuses on designing, constructing, and maintaining data pipelines?

Data Engineer Signup and view all the answers

What is the key expertise required for the Functional Analyst Role?

Domain knowledge, data governance, and operational analytics Signup and view all the answers

What was the name of the model introduced by Robert Morison in 2010 to formally describe the stages of analytics maturity?

The DELTA model Signup and view all the answers

Which book by Davenport and Harris introduced the '5 Stages of Analytics Maturity'?

Competing on Analytics: The New Science of Winning Signup and view all the answers

What are the five components of the DELTA+ Model described in the text?

Data, Enterprise, Leadership, Targets, Analytics Professionals Signup and view all the answers

Which component of the DELTA+ Model represents the data aspect of analytics maturity?

Data Signup and view all the answers

Which book by Davenport and Morison described the DELTA model with its five components?

Analytics at Work: Smarter Decisions, Better Results Signup and view all the answers

What role is responsible for data management, privacy, security, and ethical considerations within an organization?

Data Steward Signup and view all the answers

Which skill involves utilizing strategies and techniques to collect and analyze data for new information?

Data Scientist Skills Signup and view all the answers

What activity involves conducting comprehensive analysis on tasks and datasets?

Business Analysis Signup and view all the answers

What is the purpose of Data Visualization?

Re-creating reports or narratives based on specified requirements Signup and view all the answers

Which skill involves utilizing scientific methods to discover new insights?

Research Methods Skills Signup and view all the answers

What are Data Security Policies focused on upholding?

Data security, privacy, intellectual property, and ethical standards Signup and view all the answers

Which of the following is responsible for managing and maintaining IT systems and infrastructure?

IT Engineer Signup and view all the answers

What is the goal of increasing market share?

To expand the percentage of total sales a company holds in a specific market Signup and view all the answers

Which of the following is a way to leverage social media?

Utilize online platforms to engage with customers, promote products, and build brand presence Signup and view all the answers

What type of customers are the 'Millennial groups' identified as the most likely to be?

Loyal Customers Signup and view all the answers

What is the purpose of data visualization?

To create visual representations of data for easy understanding Signup and view all the answers

What is a 'Hypothesis'?

An educated guess or assumption to be tested Signup and view all the answers

What is the primary focus of Data Architecture?

Designing data systems Signup and view all the answers

What is the primary responsibility of a Data Steward?

Developing and enforcing data security and usage policies Signup and view all the answers

What is the primary purpose of Descriptive Analytics?

Summarizing historical data Signup and view all the answers

What is the goal of Predictive Analytics?

Identifying future events based on historical data Signup and view all the answers