Technology & Digital Business Transformation Flashcards

In business analytics, 'big data' refers to:

Answer: Extremely large, complex datasets requiring advanced tools to extract actionable insights

Big data refers to high-volume, high-velocity, and high-variety datasets that traditional tools cannot handle, requiring specialized analytics to extract business insights.

In a B2C e-commerce model, transactions occur between:

Answer: A business and individual consumers directly

B2C (Business-to-Consumer) e-commerce involves businesses selling products or services directly to individual end-users, such as an online retailer selling to shoppers.

What is an API (Application Programming Interface) primarily used for in business technology?

Answer: Allowing different software applications to communicate and share data

APIs enable different software systems to interact and exchange data, allowing businesses to integrate tools such as connecting their e-commerce platform with shipping or accounting software.

Which technology is most associated with creating immutable, decentralized transaction records?

Answer: Blockchain

Blockchain creates a distributed ledger of transactions that is extremely difficult to alter, providing transparency and security for financial transactions and supply chain tracking.

In cloud computing, 'scalability' refers to:

Answer: The ability to increase or decrease computing resources based on business needs

Scalability allows businesses to quickly expand or reduce their computing resources to match demand fluctuations, avoiding over-provisioning or underperformance.

A business continuity plan (BCP) related to technology is primarily designed to:

Answer: Ensure critical operations can continue during and after a technology disruption

A BCP identifies critical technology systems and establishes procedures to maintain business operations during outages, cyberattacks, or disasters, minimizing downtime and financial loss.

What is the primary purpose of a firewall in a business network?

Answer: Monitoring and controlling network traffic based on predefined security rules

A firewall acts as a security barrier between a trusted internal network and untrusted external networks, filtering traffic to prevent unauthorized access and cyber threats.