Which of the Following Is True of Data-As-A-Service (DaaS) Platforms

question 8

Multiple Choice

Which of the following is true of data-as-a-Service (DaaS) platforms?

• A) Knowing where the data resides is critical to the functioning of the platform.
• B) There are standardized processes for accessing data wherever it is located.
• C) Business processes can access local data only.
• D) Data quality happens on each individual platform.

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Definitions:

Barriers To Entry

Obstacles that make it difficult for new competitors to enter a market, including high start-up costs, regulatory requirements, and established brand loyalty.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing an excess return over and above normal profits.

Price Takers

Firms or individuals who accept the market price as is because they do not have enough market power to influence the price of the goods or services they sell.