Business Analytics Level 1 Quiz

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%
50%
15%
35%

Question Correct
What is a challenge faced by organizations as part of the financial close, and consolidation
process?
Universal accounting rules across all geographic locations
Simple subsidiary transactions, which do not require adjustments
Disparate data, with differing currencies and accounting rules
Low likelihood of errors and inaccurate data

Question 3 Correct
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?

Question 3Answer
Self-service data preparation which reduces time to insight
Data distribution and delivery to internal and external stakeholders
Breaking down silos and generating a view of a business's departmental or organizational
plan
Exploring the underlying patterns and relationships hidden in enterprise data

Question 4 Correct
Which of the following is an example of a challenge that clients must overcome in order to
keep up with the pace of decision making?

Agile line of business

Antiquated and disconnected systems
Accurate data
Strategically linked decisions to execution

Question 5 Correct
What is the most important point clients need to understand about business analytics?

It allows data to be freely shared across silos and functional areas

It provides a fully automated AI analysis and reporting tool
It centralizes all of an organization's data into a single repository
It has the power to transform the way an organization works
Question 6 Correct

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
A faster close promotes agility in responding to markets and competitors
Digital transformation has happened in most companies
Allows departments to begin to serve as a strategic partner to the rest of the company

Question 7 Correct
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?

The consolidation use case will require more users (who are power users) than IBM's
other two business analytics use cases
A win in the consolidation use case will likely lead to a win for planning and business
intelligence use cases as well
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
The consolidation use case will drive interest in the office of finance for the planning,
budgeting, and forecasting use case

Question 8 Correct
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%
60%
90%
80%

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

Generating consolidated financial statements

Providing insights and helping to manage performance
Updating divisional expense plans
Providing continuous collaboration
Question 10 Correct
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

Question 11 Correct
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?
To make the most effective strategic decisions to increase profitable revenue growth
To centralize tooling for the movement, cleansing, and transformation of data
To consolidate all data into a single source for the entire the organization
To eliminate a need for other technologies across different departments

Question 12 Correct
You're visiting a client, and are meeting with some business users from the 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 famously prone to input errors by users

Spreadsheets are typically used offline and therefore disconnected from the master data
source
Consolidating multiple spreadsheets into a master file is tedious and error prone
Spreadsheets are common and little to no specialized training is required

Question 13 Correct
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?

Cloud Pack for Data and Planning Analytics

Cognos Analytics and Cognos Controller
Planning Analytics and Cognos Analytics
Cognos Controller and Planning Analytics

Question 14 Correct
You are whiteboarding about key capabilites with your clients. Which one of the following
would NOT be included in your whiteboard illustration?
Provides a canvas which guides users to understand the relationships in the data and
presents interesting insights
Enables users with a self-service platform which provides access to all of the data they
need
Provides a way to visualize analysis in a compelling data story to communicate results
across the organization
Provides auto-generated AI business models for forecasting and planning scenarios
Question 15 Correct
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 lake implemented

Question 16 Correct
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?

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.
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.
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.
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.

Question 17 Correct
HR departments use business analytics for which one of the following pairs of use cases:

Optimizing wallet share and automating processes

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

Question 18 Correct
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?
Forecast, Execute, Monitor, Analyze, Close, and Report
Plan, Execute, Monitor, Report, Analyze, and Predict
Plan, Deploy, Monitor, Analyze, Consolidate, and Report
Plan, Integrate, Monitor, Analyze, Report, and Predict
Question 19 Correct

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?
Data Scientists or Sales & Marketing Managers
Director of IT or Analytics
C-Suite and Executives
Business or operation analysts

Question 20 Correct

Business analytics is an essential requirement for which one of the following?

Data-driven decision-making
Compliance and regulatory requirements
Meeting revenue expectations
Supply chain optimization

Question 21 Incorrect
Which one of the following options is a necessary condition in order for a business
intelligence platform to be adopted?

It must update divisional expense plans

It must meet the analysis and reporting requirements of all types of users
It must generate an integrated view of a business's organizational plan
It must be externally audited and drive investment decisions

Question 22 Correct
Points out of 1.00
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?

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

Question 23 Correct
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
IBM’s Business Intelligence solution is only available either in the cloud or as cartridge for
Cloud Pak for Data
IBMs Close, Consolidate, and Report solution has a server deployment option with a
minimum of 20 users
IBMs Business Analytics solution is sold as a single part, cloud-only, subscription based
per user
Question 24 Correct
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.

60%
50%
70%
40%

Question 25 Correct
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?

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