ACC5044-Week 6

What rights does the General Data Protection Regulation (GDPR) provide to EU citizens?

• The right of rectification, the right of portability, the right to be forgotten, and the right to restriction of profiling.

• The right to data transparency, the right to data security, the right to data minimization, and the right to object to data processing.

• The right to data access, the right to data correction, the right to data deletion, and the right to data portability.

• The right to data accuracy, the right to data integrity, the right to data retention, and the right to data restriction.

What was the reason for the fine imposed on a leading insurer in the United Kingdom by the Financial Conduct Authority (FCA) in October 2018?

• Misuse of customer data

• Poor oversight of a third-party supplier

• Unauthorized data sharing

• Lack of data encryption

What are the three main categories of data according to the image?

• Personal data, sensitive data, and public data

• Structured data, semi-structured data, and unstructured data

• Known knowns, known unknowns, and unknown unknowns

• Quantitative data, qualitative data, and mixed-method data

Which category of data includes information that we are aware of and can validate, such as a person's name and address?

• Known knowns

• Known unknowns

• Unknown unknowns

• Sensitive data

What are "known unknowns" in the context of data?

• Data that are created without our knowledge and cannot be validated

• Data that arise from people's activities and are recorded by various digital platforms

• Data that are completely anonymous and cannot be traced back to an individual

• Data that are used by companies to create digital profiles without consent

What are "unknown unknowns" according to the text?

• Data that are created with our knowledge and can be easily validated

• Data that are generated by companies using eye tracking and gesture tracking

• Data that are created without our knowledge and we have few opportunities to validate

• Data that are publicly available and can be used by anyone

How much more quickly are asset managers who embrace big data and analytics growing their revenue compared to the rest of financial services?

• 0.5 times more quickly

• 1.5 times more quickly

• 2 times more quickly

• 2.5 times more quickly

What applications in asset management are mentioned in the text where AI is applied?

• Risk management and beta generation

• Risk management and alpha generation

• Alpha management and beta generation

• Data management and risk generation

What is the limitation of conventional risk models as mentioned in the text?

• They assume markets behave in non-linear relationships

• They are unable to model complex risks and carry out stress tests

• They assume markets behave in linear relationships and can model complex risks

• They use AI to carry out stress tests beyond business-as-usual scenarios

What is the primary goal of Customer Relationship Management (CRM)?

• To provide personalized experiences to customers

• To analyze vast amounts of data

• To improve business relationships with customers, assist in customer retention, and drive sales growth

• To predict customer behavior based on past interactions