Podcast
Questions and Answers
What is a digital product?
What is a digital product?
- A product that requires complex manufacturing and distribution processes
- A physical product that is sold in stores
- A product that is distributed as binary computer data (correct)
- A product that is difficult to copy or steal
How do digital products differ from physical products?
How do digital products differ from physical products?
- Physical products can be easily shared online
- Digital products have higher manufacturing and distribution costs
- Digital products are easy to copy and steal (correct)
- Physical products are intangible
What is one way to protect digital products from unauthorized copying?
What is one way to protect digital products from unauthorized copying?
- Increasing the number of devices allowed for use
- Lowering the price of the product
- Removing all restrictions on the product
- Implementing Digital Rights Management (DRM) systems (correct)
How can data help a company become more efficient?
How can data help a company become more efficient?
In what way can data be valuable to a business?
In what way can data be valuable to a business?
What is the downside of digital products being easy to copy and steal?
What is the downside of digital products being easy to copy and steal?
What is the purpose of systems to support processing, analyzing, and reporting data?
What is the purpose of systems to support processing, analyzing, and reporting data?
Where can data points be collected from according to the text?
Where can data points be collected from according to the text?
What is a common way to store data according to the text?
What is a common way to store data according to the text?
What does data correlation involve?
What does data correlation involve?
How does the Internet of Things facilitate data collection?
How does the Internet of Things facilitate data collection?
Why is it important to have systems that support processing, analyzing, and reporting functions for data?
Why is it important to have systems that support processing, analyzing, and reporting functions for data?
What is the relationship between better productivity and customer satisfaction?
What is the relationship between better productivity and customer satisfaction?
In the context of sales and marketing, what can large data sets of consumer information help identify?
In the context of sales and marketing, what can large data sets of consumer information help identify?
What role does analytics play in the process of using data for business decisions?
What role does analytics play in the process of using data for business decisions?
How are data points different from information in the context of data analysis?
How are data points different from information in the context of data analysis?
What is the primary purpose of insights derived from data in making business decisions?
What is the primary purpose of insights derived from data in making business decisions?
Why is it important to normalize data values in the analytics process?
Why is it important to normalize data values in the analytics process?
