Tech in Business Operations

What is Big Data Analytics?

• The process of collecting traditional data

• The analysis of very large data sets to reveal patterns

• A method of data storage

• A type of database management system

Which technology is primarily used for creating distributed ledger systems, such as those used in cryptocurrencies?

• Artificial Intelligence

• Quantum Computing

• Blockchain

• Internet of Things (IoT)

What is the Internet of Things (IoT)?

• A social media platform

• A global network of computers

• Interconnected via the Internet, computing devices embedded in everyday objects, enabling them to send and receive data

• A new version of the internet

Which of the following is a benefit of using cloud computing in business operations?

• Reduced physical storage space

• Increased data security risk

• Slower access to data

• Higher operational costs

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

• To manage the company's budget

• To track and analyze interactions with current and potential customers

• To automate email marketing only

• To manage employee records

Artificial Intelligence (AI) can be used in business for:

• Only playing chess

• Only speech recognition

• Enhancing customer service through chatbots and predictive analytics

• Causing unemployment

What is the role of Machine Learning in business analytics?

• To make machines heavier

• To predict future trends based on historical data

• To replace human decision-making

• To create video games

Which of the following is an example of a Business Intelligence (BI) tool?

• Microsoft Excel

• Tableau

• Adobe Photoshop

• Microsoft Word

What is the significance of data visualization in business?

• It is only for artistic purposes

• It has no significance

• It helps in making data-driven decisions by presenting data in graphical format

• It is used for creating video games

Which of the following is a key feature of Supply Chain Management (SCM) systems?

• Decreasing transparency in the supply chain

• Increasing manual processes

• Enhancing collaboration and efficiency among suppliers

• Reducing the speed of product delivery