Certified Business Data Analytics CBDA Latest Update

Certified Business Data Analytics (CBDA) Latest Update

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"Business data analytics can be defined more specifically through which - CORRECT ANSWER: movement, capability, data-centric activity set, decision-making paradigm, set of practices and technologies.

(MCDDS)

Business Data Analytics as a Capability - CORRECT ANSWER: Includes the competencies possessed by both the organization and its employees

Business Data Analytics as a Data-Centric Activity Set - CORRECT ANSWER: actions required for an organization to use evidence-based problem identification and problem-solving.

Business data analytics as a movement involves - CORRECT ANSWER: 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 can be applied to - CORRECT ANSWER: investigate a proposed business decision, action, or a hypothesis, or to discover new insights from business data that may result in improved decision-making.

business data analytics can create - CORRECT ANSWER: a competitive advantage for the organization.

Business data analytics is - CORRECT ANSWER: a specific set of Techniques, Competencies, and Practices (TCP) applied to perform continuous exploration, investigation, and visualization of business data

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Business data analytics is the tool of - CORRECT ANSWER: making decisions using evidence-based problem identification and problem-solvin

Business data analytics reduces - CORRECT ANSWER: cognitive and personal biases by using data as the primary input for decision-making.

Business data analytics, in addition to the core data-centric activities, extends the activity set to - CORRECT ANSWER: analysis-oriented activities:

Descriptive analytics aims to answer the question - CORRECT ANSWER: "What has happened?"

Despite its similarities to the scientific method, the business data analytics - CORRECT ANSWER: has some slight differences.

Diagnostic analytics is used to answer the question - CORRECT ANSWER: "Why did a certain event occur?"

Differences between scientified method and business data analytics processes - CORRECT ANSWER: The business data analytics process may differ depending on 1) the type of analysis taking place, 2) In business data analytics, it is necessary to perform data validation and verification on the data collected. In the scientific method, data validation may not be required because the data collected as part of a scientific experiment is obtained in a controlled environment.

How does the the analytics cycle begin - CORRECT ANSWER: by posing a question (e.g., "How can we improve our staff retention rates?")

How many analysis-oriented activities are there - CORRECT ANSWER: 6

How many data-centric activities are there - CORRECT ANSWER: 6

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