Using Big Data Analytics to Drive Business Decisions

Instructions:

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question 1 of 3

What are big data analytics?

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1. What is forecasting useful for?

2. Which of the following is NOT a way that big data analytics helps organizations stay ahead of the competition?

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About This Quiz & Worksheet

You'll find a series of multiple-choice questions in this quiz/worksheet combo designed to assess your knowledge of how to make business decisions with big data analytics. Some of the topics covered here include how forecasting is used and the definition of market share.

Quiz & Worksheet Goals

Our quiz contains questions on:

  • The definition of big data analytics
  • Uses of forecasting
  • The ways organizations can stay ahead of the competition using big data analytics
  • What market share means
  • A vital component when it comes to making executive decisions

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on making business decisions using big data analytics
  • Knowledge application - use your knowledge to answer questions about ways big data analytics can help organizations stay ahead of the competition
  • Interpreting information - verify that you can read information regarding what big data analytics are and interpret it correctly

Additional Learning

Take a look at our short lesson called Using Big Data Analytics to Drive Business Decisions if you'd like to review more information about this subject. After completing this lesson, you should be ready to:

  • Explain why it's so important that big data be carefully reviewed
  • Identify one of the most important ways big data analysis can help an organization
  • Define competitive advantage and how big data can assist with this
Final Exam
Big Picture Thinking in Business
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Chapter Exam
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