Business Analytics - Level 1

25/25 (19 za prolaz)

1.
IBM Business Analytics provides a continuum of capabilities, which scale organically
across the enterprise. Which one of the following statements is FALSE regarding IBM
Business Analytics capabilities?

Execution capabilities secure alignment across business units and promote high
participation in the planning cycle
Reporting distributes results to all key stakeholders to share a single version of the truth
across an organization
Analytics capabilities allow all users to explore what is happening and why, by asking
questions, sharing insights, and visualizing results
Continuous monitoring allows users to identify and respond to market events and to react
at the speed of business

2.
A client indicates that they are facing many challenges which affect their ability to make
the most effective strategic decisions impacting their business. Which one of the
following challenges can IBM Business Analytics help resolve for them?

We need all users to have access to data, but first we need data governance solutions
We need a complete data picture which is managed fully by IT
We need to link our strategy to execution, but we are unable to quickly react to changes
We have inaccurate data, and need a data data lake implemented

3.
Your client is interested in proceeding to the next steps. In order to progress this
opportunity, you inform the client that IBM offers free trials to get started using the
software. Which are the recommended product trials for IBM Business Analytics use
cases?

Planning Analytics and Cognos Analytics

Cognos Analytics and Cognos Controller
Cloud Pack for Data and Planning Analytics
Cognos Controller and Planning Analytics

4.
The research firm Ventana Research found that "With modern technology increasingly
available, organizations are coming to recognize the need for analytics capabilities”.
Which of the following is NOT a finding of their research?

There is a correlation between the type of software a company uses for budgeting and
financial planning, and how well these processes work
Allows departments to begin to serve as a strategic partner to the rest of the company
A faster close promotes agility in responding to markets and competitors
Digital transformation has happened in most companies

5.
You are whiteboarding about key capabilites with your clients. Which one of the
following would NOT be included in your whiteboard illustration?

Provides a way to visualize analysis in a compelling data story to communicate results

across the organization
Enables users with a self-service platform which provides access to all of the data they
need
Provides a canvas which guides users to understand the relationships in the data and
presents interesting insights
Provides auto-generated AI business models for forecasting and planning scenarios

6.
Optimizing sales quotas and territory planning

Accurate data
Agile line of business
Strategically linked decisions to execution
Antiquated and disconnected systems
7.
As data volumes increase, it’s nearly impossible to quickly and accurately process
business data and spot hidden trends, patterns, and business drivers. Modern planning
analytics solutions can help customers experience which percentage of faster processing
time?

70%
80%
90%
60%

8.
The reality is that organizations are concerned that their existing applications aren't
meeting expectations. Which barriers are preventing employees from making data-
driven decisions?

Inaccurate data and forecasts, too many data silos, unable to react quickly, and over-
reliance on IT
Inability to use unstructured data, vendor lock-in, and no hybrid cloud options
Unable to monitor real-time results, no containerization, and no universal query engine
Unable to auto-generate scenario planning models, unable to run on any cloud, and no
data virtualization

9.
All departments and disciplines need planning tools to help with which one of the
following critical tasks?

Generating consolidated financial statements

Providing continuous collaboration
Updating divisional expense plans
Providing insights and helping to manage performance

10.
Business analytics is an essential requirement for which one of the following?
Data-driven decision-making
Supply chain optimization
Meeting revenue expectations
Compliance and regulatory requirements

11.
According to recent analyst reports, by 2025, which percentage of Global 2000 Business-
to-Business firms are estimated to use AI-powered, omni-channel sales intelligence
applications with real-time customer and enterprise data.

50%
70%
60%
40%

12.
What is the most important point clients need to understand about business analytics?

It centralizes all of an organization's data into a single repository

It provides a fully automated AI analysis and reporting tool
It has the power to transform the way an organization works
It allows data to be freely shared across silos and functional areas

13.
Business analytics has a broad spectrum of buyers because, uniquely, business
analytics is a solution that touches every department at every level in an organization.
Who are the key influencers for purchasing decisions on BA software?

Business or operation analysts

Director of IT or Analytics
C-Suite and Executives
Data Scientists or Sales & Marketing Managers
14.
The Close, Consolidate, and Report use case is industry-agnostic; every organization
performs the consolidation process. If the consolidation use case is on a client’s agenda,
it’s usually the lead agenda item. What is NOT true when selling the Close, Consolidate,
and Report use case?

A benefit of the consolidation use case is that it is a true application focus with extremely
low cost of ownership and rapid implementation time
A win in the consolidation use case will likely lead to a win for planning and business
intelligence use cases as well
The consolidation use case will require more users (who are power users) than IBM's
other two business analytics use cases
The consolidation use case will drive interest in the office of finance for the planning,
budgeting, and forecasting use case

15.
What is a challenge faced by organizations as part of the financial close, and
consolidation process?

Universal accounting rules across all geographic locations

Low likelihood of errors and inaccurate data
Simple subsidiary transactions, which do not require adjustments
Disparate data, with differing currencies and accounting rules

16.
A client is listing many of the pain points they are currently experiencing in their
organization. Which one of the following needs/requirements indicated by the client
suggest they will benefit from a business analytics solution?

a. To make the most effective strategic decisions to increase profitable revenue growth
b. To consolidate all data into a single source for the entire the organization
c. To centralize tooling for the movement, cleansing, and transformation of data
d. To eliminate a need for other technologies across different departments
17.
Which one of the following is NOT a capability of predictive analytics?

Automate data preparation for analysis

Forecast results and optimize outcomes
Anticipate and respond to unexpected disruptions to the business
Test scenarios before implementing plans to see the potential impact of any decisions

18.
Spreadsheets are famously prone to input errors by users

It must generate an integrated view of a business's organizational plan

It must meet the analysis and reporting requirements of all types of users
It must be externally audited and drive investment decisions
It must update divisional expense plans

19.
Which one of the following is true about packaging for IBM Business Analytics solution
use cases?

IBM’s Planning, Budgeting, and Forecasting solution has both cloud and on-premises
deployment options
IBMs Close, Consolidate, and Report solution has a server deployment option with a
minimum of 20 users
IBM’s Business Intelligence solution is only available either in the cloud or as cartridge
for Cloud Pak for Data
IBMs Business Analytics solution is sold as a single part, cloud-only, subscription based
per user
20.
You're putting together a talk on IBM Business Analytics, and you want to start with a
single statement that really captures the IBM value proposition. You decide to start your
talk off with which statement?

Exploring the underlying patterns and relationships hidden in enterprise data

Breaking down silos and generating a view of a business's departmental or
organizational plan
Self-service data preparation which reduces time to insight
Data distribution and delivery to internal and external stakeholders

21.
HR departments use business analytics for which one of the following pairs of use cases:

Optimizing wallet share and automating processes

Optimizing headcount and workforce capacity
Optimizing sales quotas and territory planning
Optimizing physical inventory and supply and demand planning

22.
You're visiting a client, and are meeting with some business users from Office of
Finance, where the common tool for entering data for plans, budgets, and forecasts is a
spreadsheet. They have Excel loaded onto their laptops, and although it provides a
simple, easy-to-use tool that is widely used by users, there are many drawbacks. Which
one of the following statements is NOT a drawback of using spreadsheets for planning
purposes?

Spreadsheets are common and little to no specialized training is required

Spreadsheets are famously prone to input errors by users
Consolidating multiple spreadsheets into a master file is tedious and error prone
Spreadsheets are typically used offline and therefore disconnected from the master data
source
23.
All employees should be using data and analytics to make decisions, or at least have
access to it. The largest group of data users are the Information Consumers. What
percentage of users does this group represent?

25%
35%
15%
50%

24.
You're visiting a client and you find yourself in an elevator with one of the main decision
makers for their analytics practice. You have 30-seconds to explain the benefits of IBM
Business Analytics to her: which one of the following pitches should you use to spark her
interest?

Without business analytics, data consumers spend excessive time building dashboards,
reports, and machine learning models, to prepare the data they need, because they have
no tools to automate this function.
IBM's business analytics solution provides a framework that centralizes all of an
organization's data and provides self-service access to this data through a variety of
multi-disciplinary tools.
Business analytics is a critical function that employs AI to intelligently automate the
identification, monitoring, and, subsequently, the enforcement of policies on sensitive
data across the organization.
IBM has a business analytics solution that's composed of automated data analysis
practices, tools, and services that help you understand both what is happening in your
business and why. This improves decision-making and helps plan for the future

25. There are many competing point solutions available in the market today that provide
clients with a variety of choices for how to address business analytics use cases. Yet no
other vendor seamlessly integrates all of the key capabilities required a single solution
which is what makes the IBM Business Analytics solution so different. What are these
key capabilities?

Plan, Deploy, Monitor, Analyze, Consolidate, and Report

Plan, Execute, Monitor, Report, Analyze, and Predict
Forecast, Execute, Monitor, Analyze, Close, and Report
Plan, Integrate, Monitor, Analyze, Report, and Predict