BANK EXAM QUESTIONS WITH 100% CORRECT
ANSWERS
What is Data - ANS-A collection of unorganized facts or observations that can be processed to obtain
valuable information
What is Analytics - ANS-The science of examining raw data and information in order to draw insights.
what are primary factors in reducing uncertainties in business decisions. - ANS-The volume of available
data and the technical ability to quickly interpret insights from data
Business data analytics is - ANS-a specific set of Techniques, Competencies, and Practices (TCP) applied
to perform continuous exploration, investigation, and visualization of business data
What is the desired outcome of a business data analytics - ANS-To obtain insights that can lead to
improved decision- making.
Business data analytics can be applied to - ANS-investigate a proposed business decision, action, or a
hypothesis, or to discover new insights from business data that may result in improved decision-making.
The business data analytics cycle is a - ANS-Iterative research process
"Business data analytics can be defined more specifically through which - ANS-movement,
capability,
data-centric activity set,
decision-making paradigm,
set of practices and technologies.
(MCDDS)
Business data analytics as a movement involves - ANS-management philosophy or business culture of
evidence-based problem identification and problem-solving. Evidence through data is the driver of
business decisions and change.
Business Data Analytics as a Capability - ANS-Includes the competencies possessed
by both the organization and its employees