E-Business

Question 1

Disruptive Technology/Innovation

Answer 1

Product or service initially simple application at bottom of market & moves up displacing established competitors.

Question 2

Machine Learning

Answer 2

Application of Al
Systems & machines learn from large data sets, identify patterns, & make decisions with minimal human intervention

Question 3

Al

Answer 3

Ability of machine to perform cognitive functions associated with humans
(Perceiving, reasoning, learning, problem solving, being ‘smart’)
Dext-Xero integration, SNG robot

Question 4

Robotics

Answer 4

Application of flexible tools to automate nawal achirty for delivery of business processes or IT services

Question 5

Descriptive Analytics

Answer 5

Observe past trends, analyse & classify data to draw conclusions relevant to informing strategy or making effective decisions

Question 6

Predictive Analytics

Answer 6

Evaluate strategies & anticipate strategic outcomes depending on which Hevaries play out
E.g., weather conditions impacting on seasonal goods

Question 7

Prescriptive Analytics

Answer 7

Concerned with optimisation
I.e., masamising sales, minimising costs, or maximising profit
E.g., Ryanair pricing