Element 10 10.3.5 Advantages and disadvantages/risks of outQuiz

What is one primary advantage of outsourcing data analytics?

• Lower costs

• Increased security

• Better control

• Less complexity

Which of the following is a potential risk of outsourcing data analytics?

• Enhanced innovation

• Data breaches

• Improved accuracy

• Increased efficiency

Outsourcing data analytics can provide access to what?

• Local expertise

• Limited resources

• Specialised skills

• Internal biases

What is a common disadvantage of outsourcing data analytics?

• Faster decision-making

• Loss of control

• Reduced workload

• Improved scalability

How can outsourcing data analytics affect a company's focus?

• Distraction from core activities

• Enhanced focus on core activities

• Increased internal workload

• More internal training

Which of the following is an advantage of outsourcing data analytics?

• Delayed project timelines

• Increased internal workload

• Cost-effectiveness

• Decreased quality

What is a potential benefit of outsourcing data analytics?

• Limited access to technology

• Access to advanced tools

• Increased internal resources

• Greater internal control

Which risk is associated with outsourcing data analytics?

• Enhanced data security

• Loss of data ownership

• Improved decision-making

How can outsourcing data analytics impact data quality?

• Compromise on data quality

• Enhancement of data quality

• Consistent internal quality

• No change in data quality

What is one key advantage of outsourcing data analytics to a third-party provider?

• Increased internal training requirements

• Lack of external expertise

• Access to global insights

• Reduced innovation