1. What does it take to be a successful competitor using business analytics? What is the role of IT in helping build this competence for the enterprise?
2. The terms data, information, and knowledge are often used interchangeably. But as this chapter discussed, they can be seen as three points on a continuum. In your opinion, what could be next on this continuum after knowledge?
3. What is the difference between tacit and explicit knowledge? From your own experience, describe an example of each. How might an organization manage tacit knowledge?
4. How might the Internet of Things change the way managers make decisions? Give an example of a data stream from sensor data that you would like to monitor. Please explain why this would be beneficial to you.