18 Questions
What is the primary objective of Business Analytics?
Producing meaningful conclusions from data
Which statement best describes the tools used in Business Analytics?
Data visualization techniques
What technologies are typically involved in Business Analytics?
Artificial intelligence and machine learning
Which of the following is NOT part of Business Analytics solutions?
Cybersecurity measures
What distinguishes Business Analytics from Business Intelligence?
Creation of predictive models
Which activity falls under the scope of Business Analytics?
Optimizing supply chain logistics
What is described as critical to business success in the knowledge economy era?
Getting the right information to decision makers at the right time
Why is business analytics becoming one of the most sought-after courses in the academe?
Because it's a widely talked-about topic in business and information technology
What task do business managers consider the most crucial in their role?
Analyzing data to make informed decisions
What is emphasized as a product of analysis based on available information to the decision maker?
Data-driven decisions
Why is getting the right information to decision makers at the right time important for businesses?
To support business success
In the context of business analytics, what is described as a key aspect for decision making?
Analyzing data for informed decisions
What is the main purpose of Business analytics?
To assist decision makers in making informed decisions
Which of the following is NOT a component of Business Analytics according to the text?
Machine learning
What distinguishes Business Intelligence (BI) from Business Analytics (BA) according to the text?
BI answers what happened, while BA answers why it happened and whether it will happen again
How does Business Intelligence (BI) differ from Business Analytics (BA) as described in the text?
BI collects information to make data-driven decisions, while BA seeks continuous process improvement
How does Business Analytics assist decision-makers according to the provided text?
By providing quantitative techniques to make informed decisions
What is the primary focus of Business Intelligence as described in the text?
Collecting information from all sources for decision-making
Explore the fundamentals of Business Analytics including data collection, analysis tools, and deriving meaningful insights to improve business operations. Learn how to utilize data, technology, statistical analysis, and models for effective decision-making.
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