Master Data Analytics

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Questions and Answers

What is data analytics?

  • The practice of using statistical and computational methods to extract meaning from data (correct)
  • The practice of storing data in spreadsheets
  • The practice of collecting vast amounts of data
  • The practice of organizing data sets

What are the two main types of data?

  • Public and private
  • Historical and current
  • Big and small
  • Structured and unstructured (correct)

Why is data analytics becoming increasingly important for businesses?

  • To store data in spreadsheets
  • To collect more data than their competitors
  • To make better decisions, improve products and services, and gain a competitive advantage (correct)
  • To organize data sets

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