Question 1

OLAP technology is primarily used for transaction processing.

Accepted Answer

A) True 
 B)False

Question 2

It can be said many organizations are data rich but information abundant.

Accepted Answer

A) True 
 B)False

Question 3

Wal-Mart supplements its huge data assets with additional data provided by information brokers like Information Resources and ACNielsen.

Accepted Answer

A) True 
 B)False

Question 4

What are the issues to be addressed in order to design, develop, deploy, and maintain data warehouses and data marts?

Accepted Answer

Once a firm has business goals and hoped

Question 5

How has Wal-Mart leveraged information technology to become the world's largest retailer?

Accepted Answer

Wal-Mart demonstrates how a physical pro

Question 6

Why do firms need to create separate data repositories for their reporting and analytics work?

Accepted Answer

A)  Most firms store their data assets offsite to insure themselves against the possibility of data damage through natural disasters. 
B)  Maintaining huge databases can be a cost-sink for most firms. 
C)  Most organizations need to differentiate data derived in-house and from data aggregators. 
D)  Running analytics against transactional data can bog down a TPS. 
E)  Reporting and analytics are two separate functions, each requiring its own separate database specifically formatted to the needs of the management team. 
A)  Most firms store their data assets offsite to insure themselves against the possibility of data damage through natural disasters. 
B)  Maintaining huge databases can be a cost-sink for most firms. 
C)  Most organizations need to differentiate data derived in-house and from data aggregators. 
D)  Running analytics against transactional data can bog down a TPS. 
E)  Reporting and analytics are two separate functions, each requiring its own separate database specifically formatted to the needs of the management team.

Question 7

Knowledge is defined as:

Accepted Answer

A)  raw facts and figures. 
B)  the data presented in a context so that it can answer a question or support decision making. 
C)  the insight derived from experience and expertise. 
D)  a listing of primary data. 
E)  the process of breaking a complex topic into smaller parts. 
A)  raw facts and figures. 
B)  the data presented in a context so that it can answer a question or support decision making. 
C)  the insight derived from experience and expertise. 
D)  a listing of primary data. 
E)  the process of breaking a complex topic into smaller parts.

Question 8

Why would a firm choose Hadoop for a big data project instead of using conventional relationial databases?

Accepted Answer

Roughly 80 percent of corporate data is

Question 9

The three Vs of "Big Data" are _____,_____, and ______ characteristics that distinguish it from conventional data analysis problems and require a new breed of technology.

Accepted Answer

volume, ve

Question 10

If a customer pays a retailer in cash, he is likely to remain a mystery to the retailer because his name is not attached to the money. Retailers can tie the customer to cash transactions and track the customer's activity if they can convince the customer to use a _____.

Accepted Answer

A)  transaction processing system 
B)  point-of-sale terminal 
C)  data cube 
D)  dashboard 
E)  loyalty card 
A)  transaction processing system 
B)  point-of-sale terminal 
C)  data cube 
D)  dashboard 
E)  loyalty card

Question 11

Conventional database technologies often choke when trying to sift through the massive amounts of data collected by many of today's firms, leading to the rise of Hadoop and other "Big Data" technologies.

Accepted Answer

A) True 
 B)False

Question 12

_____ refers to the process of combining aspects of reporting, data exploration and ad hoc queries, and sophisticated data modeling and analysis.

Accepted Answer

A)  Logistics 
B)  Queritic modeling 
C)  Business intelligence 
D)  Electronic trading 
E)  Big Data 
A)  Logistics 
B)  Queritic modeling 
C)  Business intelligence 
D)  Electronic trading 
E)  Big Data

Question 13

Advantages based on capabilities and data that others can acquire are long-lived.

Accepted Answer

A) True 
 B)False

Question 14

Tesco is the planet's largest retailer.

Accepted Answer

A) True 
 B)False

Question 15

Random occurrences in data mining results can be detected by dividing the data and building a model with one portion and using another portion to verify the results.

Accepted Answer

A) True 
 B)False

Question 16

A(n) _____ refers to a heads-up display of critical indicators that allow managers to get a graphical glance at key performance metrics.

Accepted Answer

A)  interstitial 
B)  embassy 
C)  canned report 
D)  prediction interface 
E)  dashboard 
A)  interstitial 
B)  embassy 
C)  canned report 
D)  prediction interface 
E)  dashboard

Question 17

In data warehousing projects, it is not uncommon for spending on consulting and services to cost five times or more than the cost of the technology itself.

Accepted Answer

A) True 
 B)False

Question 18

While spreadsheets are popular tools, they cannot effectively be used for "what-if" analysis.

Accepted Answer

A) True 
 B)False

Question 19

Skittish and untrusting managers should realize that the first findings of analytics always reveal an optimal course of action.

Accepted Answer

A) True 
 B)False

Question 20

_____ is a method of querying and reporting that takes data from standard relational databases, calculates and summarizes the data, and then stores the data in a special database called a data cube.

Accepted Answer

A)  Ad hoc reporting 
B)  E-discovery 
C)  Data aggregation 
D)  Online analytical processing 
E)  Data adjacency 
A)  Ad hoc reporting 
B)  E-discovery 
C)  Data aggregation 
D)  Online analytical processing 
E)  Data adjacency

OLAP technology is primarily used for transaction processing.

It can be said many organizations are data rich but information abundant.

Wal-Mart supplements its huge data assets with additional data provided by information brokers like Information Resources and ACNielsen.

What are the issues to be addressed in order to design, develop, deploy, and maintain data warehouses and data marts?

How has Wal-Mart leveraged information technology to become the world's largest retailer?

Why do firms need to create separate data repositories for their reporting and analytics work?

Knowledge is defined as:

Why would a firm choose Hadoop for a big data project instead of using conventional relationial databases?

The three Vs of "Big Data" are ___,_, and ____ characteristics that distinguish it from conventional data analysis problems and require a new breed of technology.

If a customer pays a retailer in cash, he is likely to remain a mystery to the retailer because his name is not attached to the money. Retailers can tie the customer to cash transactions and track the customer's activity if they can convince the customer to use a _____.

Conventional database technologies often choke when trying to sift through the massive amounts of data collected by many of today's firms, leading to the rise of Hadoop and other "Big Data" technologies.

_____ refers to the process of combining aspects of reporting, data exploration and ad hoc queries, and sophisticated data modeling and analysis.

Advantages based on capabilities and data that others can acquire are long-lived.

Tesco is the planet's largest retailer.

Random occurrences in data mining results can be detected by dividing the data and building a model with one portion and using another portion to verify the results.

A(n) _____ refers to a heads-up display of critical indicators that allow managers to get a graphical glance at key performance metrics.

In data warehousing projects, it is not uncommon for spending on consulting and services to cost five times or more than the cost of the technology itself.

While spreadsheets are popular tools, they cannot effectively be used for "what-if" analysis.

Skittish and untrusting managers should realize that the first findings of analytics always reveal an optimal course of action.

_____ is a method of querying and reporting that takes data from standard relational databases, calculates and summarizes the data, and then stores the data in a special database called a data cube.

Setting the Stage: Technology and the Modern Enterprise

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Moores Law and More: Fast, Cheap Computing and What This Means for the Manager

Disruptive Technologies: Understanding the Giant Killers and Considerations for Avoiding Extinction

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Understanding Network Effects: Strategies for Competing in a Platform-Centric, Winner-Take-All World

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The Sharing Economy, Collaborative Consumption, and Creating More Efficient Markets Through Technology

Facebook: a Billion-Plus Users, the High-Stakes Move to Mobile, and Big Business From the Social Graph

Rent the Runway: Entrepreneurs Expanding an Industry

Understanding Software: a Primer for Managers

Software in Flux: Open Source, Cloud, Vittualized and App-Driven Shifts

A Managers Guide to the Internet and Telecommunications

Information Security: Barbarians at the Gateway and Just About Everywhere Else

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Filters

Exam 15: The Data Asset: Databases, Business Intelligence, Analytics, Big Data, and Competitive Advantage

OLAP technology is primarily used for transaction processing.

It can be said many organizations are data rich but information abundant.

Wal-Mart supplements its huge data assets with additional data provided by information brokers like Information Resources and ACNielsen.

What are the issues to be addressed in order to design, develop, deploy, and maintain data warehouses and data marts?

How has Wal-Mart leveraged information technology to become the world's largest retailer?

Why do firms need to create separate data repositories for their reporting and analytics work?

Knowledge is defined as:

Why would a firm choose Hadoop for a big data project instead of using conventional relationial databases?

The three Vs of "Big Data" are _____,_____, and ______ characteristics that distinguish it from conventional data analysis problems and require a new breed of technology.

If a customer pays a retailer in cash, he is likely to remain a mystery to the retailer because his name is not attached to the money. Retailers can tie the customer to cash transactions and track the customer's activity if they can convince the customer to use a _____.

Conventional database technologies often choke when trying to sift through the massive amounts of data collected by many of today's firms, leading to the rise of Hadoop and other "Big Data" technologies.

_____ refers to the process of combining aspects of reporting, data exploration and ad hoc queries, and sophisticated data modeling and analysis.

Advantages based on capabilities and data that others can acquire are long-lived.

Tesco is the planet's largest retailer.

Random occurrences in data mining results can be detected by dividing the data and building a model with one portion and using another portion to verify the results.

A(n) _____ refers to a heads-up display of critical indicators that allow managers to get a graphical glance at key performance metrics.

In data warehousing projects, it is not uncommon for spending on consulting and services to cost five times or more than the cost of the technology itself.

While spreadsheets are popular tools, they cannot effectively be used for "what-if" analysis.

Skittish and untrusting managers should realize that the first findings of analytics always reveal an optimal course of action.

_____ is a method of querying and reporting that takes data from standard relational databases, calculates and summarizes the data, and then stores the data in a special database called a data cube.

Setting the Stage: Technology and the Modern Enterprise

Strategy and Technology: Concepts and Frameworks for Understanding What Separates Winners From Losers

Zara: Fast Fashion From Savvy Systems

Netflix in Two Acts: the Making of an E-Commerce Giant and the Uncertain Future of Atoms to Bits

Moores Law and More: Fast, Cheap Computing and What This Means for the Manager

Disruptive Technologies: Understanding the Giant Killers and Considerations for Avoiding Extinction

Amazoncom: an Empire Stretching From Cardboard Box to Kindle to Cloud

Understanding Network Effects: Strategies for Competing in a Platform-Centric, Winner-Take-All World

Social Media, Peer Production, and Web 20

The Sharing Economy, Collaborative Consumption, and Creating More Efficient Markets Through Technology

Facebook: a Billion-Plus Users, the High-Stakes Move to Mobile, and Big Business From the Social Graph

Rent the Runway: Entrepreneurs Expanding an Industry

Understanding Software: a Primer for Managers

Software in Flux: Open Source, Cloud, Vittualized and App-Driven Shifts

A Managers Guide to the Internet and Telecommunications

Information Security: Barbarians at the Gateway and Just About Everywhere Else

Google in Three Parts: Search, Online Advertising, and an Alphabet of Opportunity

Filters

The three Vs of "Big Data" are ___,_, and ____ characteristics that distinguish it from conventional data analysis problems and require a new breed of technology.