MCQs on Innovation through Analytics & AI

What is the main purpose of data analytics?

• Storing raw data

• Analyzing raw data to make conclusions

• Deleting irrelevant data

• Formatting data for storage

What is the key difference between data and information?

• Data is processed, information is raw

• Data is unorganized, information is structured and useful

• Data is always numerical, information is always textual

• Data is smaller in size than information

Which of the following is NOT a type of Big Data Analytics?

• Descriptive

• Diagnostic

• Predictive

• Interactive

Which type of Big Data Analytics answers the question 'Why did this happen?'

• Descriptive

• Diagnostic

• Predictive

• Prescriptive

What is an essential skill for a data analyst?

• Data collection

• Cooking skills

• Painting skills

• Manual filing

Which of the following tools is commonly used for website analytics?

• Google Analytics

• Photoshop

• Microsoft Word

• SQL Server

What is the role of machine learning in data analytics?

• Automating data analysis and pattern recognition

• Increasing storage capacity

• Reducing employee workload

• Formatting raw data

Which of the following is NOT a step in the data analytics process?

• Data collection

• Data cleaning

• Data destruction

• Data visualization

In which industry is fraud detection a major use case of data analytics?

• Entertainment

• Banking

• Fashion

• Agriculture

Which type of Big Data Analytics suggests the best course of action?

• Descriptive

• Diagnostic

• Predictive

• Prescriptive