Quiz 3 - Business Analytics & BTM

Question 1

What is Operations Management

Answer 1

PRODUCTION & DELIVERY of goods and services
Turning INPUTS into OUTPUTS
i.e.
(Turining orders into successful deliveries, Turning ore into bitumen)

Question 2

What is Business Analytics

Answer 2

analytics is the scientific process of transforming DATA into INSIGHT for making better decisions

Question 3

Business Analytics as a Science and an Art

Answer 3

Business analytics involves using STATISTICAL and MACHINE LEARNING models which are based on mathematical foundations

However, the fitting and interpretation of models requires creativity and storytelling

Question 4

What does BTM focus on

Answer 4

The development and use of technology that help organizations achieve its goals and objectives – a plan

Question 5

BTM Pillar - ANALYSIS

Answer 5

Understands the current state of the organization, the future of organization and the activities required to get there

Question 6

BTM Pillar - PROJECT MANAGEMENT

Answer 6

Coordinating and monitoring a project’s activities from start to finish

Making sure the organization is achieving value from project deliverables

Question 7

BTM Pillar - Technology Leadership

Answer 7

Technology strategic alignment

Matching the organization’s strategic objectives to the technology department

Question 8

What are the 3 BTM Pillars

Answer 8

Analysis, Technology Leadership & Project Management