Shirley is the CFO of a small retailer, of which Nadia is the IT manager. Nadia formally
Question:
Shirley is the CFO of a small retailer, of which Nadia is the IT manager. Nadia formally recommends that a data analyst be hired, due to the volume and variety of big data collected by the IT department. Nadia further explains that analyzing this data can help to inform decision-making going forward. Shirley is hesitant to approve the hire and challenges Nadia's proposal, arguing that the IT department seems to have been managing the amount of data thus far. Nadia clarifies that having an employee dedicated to data analysis will allocate departmental resources most efficiently and produce higher-quality results. Is Nadia right to provide a counterargument to Shirley's and explain why a data analyst is needed to make sense of the big data?
Select one:
a.
Yes
b.
No
2.) Which two examples illustrate the benefit of using data analytics dashboards for organizations?
Select more than one:
a.
Magritte, an IT manager, is presenting during a managerial meeting and using a dashboard to provide data on the up- and downtime of the organisation's servers, as well as the recurring downtime issues that have been occurring. This data is presented clearly and is easy to understand, even for those in the meeting with little technical knowledge.
b.
Pete, a financial advisor, is using data dashboards to track the relevant financial data of his clients. He believes that this technology is revolutionary, as he can offer the dashboards to his clients to allow them to monitor and understand their own finances, rendering his advisory service obsolete.
c.
A video production company uses dashboards to monitor the projects coming in and out of the company. They can track the number and percentage of incomplete projects in real time. Additionally, they can monitor projects that are scheduled shortly along with the resource impact that these upcoming projects may have.
d.
An IT department has recently started integrating data analytics dashboard software into its organization and received a complaint from another department suggesting that it was a waste of time to have IT technicians generate dashboards.
Forensic Accounting and Fraud Examination
ISBN: 978-0078136665
2nd edition
Authors: William Hopwood, george young, Jay Leiner