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Data Analytics | Determine Business Needs | Part 1

Authored by Bryan Bathan

Business

12th Grade

Used 16+ times

Data Analytics | Determine Business Needs | Part 1
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25 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is the primary aim of data analytics?

To complicate decision-making

To discover useful information

To ignore data

To increase costs

Answer explanation

Media Image

The primary aim of data analytics is to discover useful information from data, enabling informed decision-making. The other options do not align with the purpose of data analytics.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT an example of the importance of data analytics?

Lean Management

Data Cataloguing and Governance

Employee Satisfaction Surveys

Smarter Employee Retention

Answer explanation

Employee Satisfaction Surveys focus on gathering feedback rather than analyzing data for decision-making. In contrast, Lean Management, Data Cataloguing and Governance, and Smarter Employee Retention all emphasize the strategic use of data analytics.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does Lean Management focus on?

Increasing costs

Hiring more employees

Improving quality and reducing costs

Ignoring customer feedback

Answer explanation

Lean Management focuses on improving quality and reducing costs by eliminating waste and enhancing processes, making it more efficient and customer-centric.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a benefit of data analytics related to customer experience?

Mitigating risks and frauds

Increasing operational inefficiency

Reducing product relevance

Ignoring customer needs

Answer explanation

Data analytics helps in mitigating risks and frauds by analyzing customer behavior and transaction patterns, allowing businesses to identify anomalies and protect customer interests, thus enhancing overall customer experience.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which step comes first in the data analytics process?

Analyze and Visualize Data

Formulate a Problem Statement

Collect and Organize Data

Interpret the Findings

Answer explanation

The first step in the data analytics process is to formulate a problem statement. This defines the focus of the analysis and guides subsequent steps like data collection and analysis.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the purpose of data cataloging and governance?

To ignore data storage

To complicate data retrieval

To increase data confusion

To manage varied data types and volumes

Answer explanation

Data cataloging and governance are essential for managing varied data types and volumes effectively. They help organizations organize, access, and utilize data efficiently, ensuring clarity and reducing confusion.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the term 'personalization' in data analytics refer to?

Making generic offers

Ignoring customer preferences

Tailoring experiences to individual customers

Reducing customer interaction

Answer explanation

The term 'personalization' in data analytics refers to tailoring experiences to individual customers, enhancing engagement and satisfaction, unlike making generic offers or ignoring preferences.

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