Exam 11: Business Analytics and Knowledge Management

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This next generation of business intelligence is more proactive,dynamic and allows for instant,real-time querying of data.

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BI 2.0 or collaborative BI

A company that is using statistical analysis tools to report on why something happened has achieved a higher level of analytical maturity than a company that's using tools to predict what will happen next.

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"False discoveries" are a downside to the analysis of big data.

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True

Unlike other baseball teams at the time,the Oakland A's used this to manage the team and carry themselves to the playoffs.

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Knowledge management is the process that generates,captures,codifies and __________ knowledge across an organization in order to achieve a competitive advantage.

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Match the activity with the knowledge management process it represents. Match the activity with the knowledge management process it represents.

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Business analytics tools are used with data in the _____________ to gain insight and support decision making.

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Explain how information-based intellectual property,such as a digital book,is different from physical property and why it is harder to protect.

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Both Caesars and Capital One are credited with building and performing well-structured tests that gather data and test hypotheses,thereby learning what products and services work best for which customers.What is this testing called?

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All of the following are common elements of a BI system EXCEPT for:?

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Identify the following actions as either using explicit knowledge or tacit knowledge. Identify the following actions as either using explicit knowledge or tacit knowledge.

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How can a company use social analytic tools to further their mission?

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Give examples of how Caesars takes advantage of business analytics to keep customers coming back and spending more.

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Data is more important than knowledge.

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All of the following are examples of socialization EXCEPT for:?

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Knowledge that has been identified,captured,and leveraged to produce higher-value goods or services or some other competitive advantage for the firm is called:

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Capital One found ________ in combination with business analytics to be a very low-cost way to design and develop new products and services for customers.

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This company approach is one in which facts are gathered and analyzed as the first step in decision making.

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The four main types of intellectual property are all of the following EXCEPT:

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This is the term used to describe the techniques and technology that make it possible to deal with very large volumes of information that are created and stored for analysis.

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