CAF-3 · Chapter 3 · Question 13 of 15
The implementation of data analytics provides organizations with a competitive advantage. How is this advantage primarily achieved?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) By responding faster to market changes, optimizing operations, and better understanding customer needs.
Explanation
Companies leverage data analytics to gain a competitive edge by responding faster to market changes, optimizing their operations, and better understanding customer needs
More Data Analytics Maturity Model (The 4 Stages) MCQs
- Q15A software company observes a sudden increase in user complaints regarding an app crash. The IT team analyzes system log files to pinpoint…
- Q1What is the primary goal of implementing data analytics within an organization?
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- Q3According to the 7-step Data Analytics Cycle, once data has been collected, cleaned, and explored, what is the immediate next step?
- Q4According to the Data Analytics Maturity Model, as an organization transitions from Descriptive (hindsight) to Prescriptive (foresight)…
