Data
What is the primary purpose of data analytics in business?
Decision-making
What does "digital transformation" mean in business?
Technology-driven change
What is a digital business model?
Technology-enabled value creation
What does AI stand for?
Artificial Intelligence
What does "Big Data" refer to?
Large, complex datasets.
Name one key driver of digital transformation
Customer expectations
What is the role of a digital platform?
Facilitate interactions.
What is machine learning's primary function?
Learn from data
What is a "data warehouse"?
Centralized data repository.
What is leadership's role in digital transformation?
Drive vision and culture.
What is "network effect"?
More users, more value.
What is a neural network?
Pattern recognition algorithm.
What is the difference between structured and unstructured data?
Organized vs. unorganized data
What is "agile methodology"?
Flexible project management.
Name a digital-native enterprise
Uber, Airbnb, Amazon
Difference between supervised and unsupervised learning?
Labeled vs. unlabeled data
What is data governance?
Data management framework
What are the three pillars of digital transformation?
Technology, culture, process.
How does digital disruption affect businesses?
Forces adaptation.
What is Generative AI?
AI that creates content.