Business Intelligence

Organizations have long engaged in data collection, storage, and analysis. However, recent advancements in computing power and resources have renewed interest in these practices, enabling the handling and analysis of vast amounts of data. This shift is driven by the enhanced technical means available today, making data practices more prevalent and impactful.

What is the primary focus of organizations in terms of data handling?

• Creating new data

• Collecting, storing, and analyzing data

• Destroying old data

• Ignoring data

Why has data collection and analysis gained renewed attention?

• Because of a lack of data

• Due to a decrease in data analysis tools

• Due to the availability of advanced technical means

• Because of a decrease in data storage costs

What has made data collection more prevalent in recent times?

• Decrease in data collection costs

• Advancements in computing power and resources

• Increased data privacy concerns

• Lack of skilled data analysts

Which of the following is NOT a reason for the increased focus on data analysis?

• Availability of computer resources

• Changes in computing power

• Decrease in data availability

• Technical means to analyze large data

What is a key factor that has enhanced the ability to analyze large amounts of data?

• Reduction in data size

• Advancements in technical infrastructure

• Decrease in computing power

• Lack of data storage solutions