SBL Technology and data analytics

Analytics that answers the question 'what is likely to happen?' is called:

• 1 Prescriptive analytics
• 2 Diagnostic analytics
• 3 Predictive analytics
• 4 Descriptive analytics

The term 'big data' is usually characterised by:

• 1 Volume, velocity and variety
• 2 Privacy, security and access
• 3 Accuracy, brevity and clarity
• 4 Cost, quality and time

A major risk of using personal data for analytics is:

• 1 Too much accuracy
• 2 Higher storage cost only
• 3 Breach of data protection and privacy rules
• 4 The data is always free

Which technology provides a shared, tamper resistant record of transactions across many participants?

• 1 An intranet
• 2 A firewall
• 3 A spreadsheet
• 4 Blockchain

A business replaces an on-premise system with software and storage rented over the internet. This is:

• 1 Robotic process automation
• 2 An extranet
• 3 Cloud computing
• 4 A data warehouse

Robotic process automation is best suited to tasks that are:

• 1 Based on judgement alone
• 2 Creative and unstructured
• 3 Rule based, repetitive and structured
• 4 Strategic and unique

A firm is considering a new system. Which factor is MOST relevant to the 'feasibility' of the project?

• 1 Whether the firm has the skills and funds to implement it
• 2 Whether competitors have one
• 3 Whether the system has a good name
• 4 Whether the supplier is large

Poor quality input data is a problem for analytics because:

• 1 It has no effect if the model is good
• 2 It removes privacy risk
• 3 Output can be misleading, however sophisticated the model
• 4 It makes the software slower only