18 Questions
What is a digital product?
A product that is distributed as binary computer data
How do digital products differ from physical products?
Digital products are easy to copy and steal
What is one way to protect digital products from unauthorized copying?
Implementing Digital Rights Management (DRM) systems
How can data help a company become more efficient?
By analyzing process flows and ordering systems
In what way can data be valuable to a business?
By helping in the development of better products and services
What is the downside of digital products being easy to copy and steal?
'Pay-per-use' is difficult to enforce
What is the purpose of systems to support processing, analyzing, and reporting data?
To facilitate data-driven business decisions
Where can data points be collected from according to the text?
From various sources
What is a common way to store data according to the text?
Relational database
What does data correlation involve?
Finding connections and links between data points
How does the Internet of Things facilitate data collection?
By attaching sensors to components, packages, and appliances
Why is it important to have systems that support processing, analyzing, and reporting functions for data?
To facilitate data-driven business decisions
What is the relationship between better productivity and customer satisfaction?
Better productivity leads to reduced costs and improves customer satisfaction.
In the context of sales and marketing, what can large data sets of consumer information help identify?
Trends and changing demands
What role does analytics play in the process of using data for business decisions?
It helps in transforming raw data into meaningful information.
How are data points different from information in the context of data analysis?
Data points are raw values whereas information is a summarization of those values.
What is the primary purpose of insights derived from data in making business decisions?
To inform meaningful business decisions
Why is it important to normalize data values in the analytics process?
To ensure consistency and comparability between different data points.
Test your knowledge on registering trademarks, protecting intellectual property, and obtaining patents for digital products such as software, ebooks, and streaming video. Learn about the importance of safeguarding your digital products from copyright infringement.
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