SBL Technology and data analytics

ACCA · Strategic Professional · 8 questions

Name: ____________________ Date: ____________

Analytics that answers the question 'what is likely to happen?' is called:
- A Prescriptive analytics
- B Diagnostic analytics
- C Predictive analytics
- D Descriptive analytics
The term 'big data' is usually characterised by:
- A Volume, velocity and variety
- B Privacy, security and access
- C Accuracy, brevity and clarity
- D Cost, quality and time
A major risk of using personal data for analytics is:
- A Too much accuracy
- B Higher storage cost only
- C Breach of data protection and privacy rules
- D The data is always free
Which technology provides a shared, tamper resistant record of transactions across many participants?
- A An intranet
- B A firewall
- C A spreadsheet
- D Blockchain
A business replaces an on-premise system with software and storage rented over the internet. This is:
- A Robotic process automation
- B An extranet
- C Cloud computing
- D A data warehouse
Robotic process automation is best suited to tasks that are:
- A Based on judgement alone
- B Creative and unstructured
- C Rule based, repetitive and structured
- D Strategic and unique
A firm is considering a new system. Which factor is MOST relevant to the 'feasibility' of the project?
- A Whether the firm has the skills and funds to implement it
- B Whether competitors have one
- C Whether the system has a good name
- D Whether the supplier is large
Poor quality input data is a problem for analytics because:
- A It has no effect if the model is good
- B It removes privacy risk
- C Output can be misleading, however sophisticated the model
- D It makes the software slower only

Answer key

1. C, 2. A, 3. C, 4. D, 5. C, 6. C, 7. A, 8. C

Predictive analytics uses data and models to forecast future outcomes. Descriptive analytics reports what has happened.
The three Vs are volume, velocity and variety, and veracity and value are often added.
Use of personal data must comply with law and with ethical expectations, and breach brings fines and loss of trust.
A blockchain is a distributed ledger in which entries are linked and hard to alter.
Cloud computing gives access to scalable computing resources over the internet on a pay as you use basis.
RPA mimics user actions in digital systems, and works where the rules are clear.
Feasibility concerns resources, skills, time and funding. Suitability is about fit with strategy.
Garbage in, garbage out: models cannot repair unreliable data.