At Its Core,data Analytics Fits into the Information Value Chain

question 17

Multiple Choice

At its core,data analytics fits into the information value chain in which of the following ways?

• A)The process of data analytics aims at transforming raw data into valuable information.
• B)Data analytics aims to make an organization's conversion process more efficient.
• C)Data analytics requires organizations to share synced data with upstream and downstream business partners.
• D)The process of data analytics is geared toward providing additional insight into customer activities and preferences.

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Definitions:

Outsourcing

The practice of hiring third-party vendors to perform services or produce goods that were previously handled internally.

Structural Innovation

The process of changing an organization’s structure, including its systems and processes, to improve performance and adaptability.

Global Economy

Resources, markets, and competition are worldwide in scope.

Hypercompetition

An extremely intense level of competition in which companies or industries experience rapid and aggressive moves and countermoves for advantage.