As more practitioners acquire data analytics skills, organizations have made a concerted effort to collect more data and find new ways to make use of that data. A positive byproduct of this is that decision making has improved, and organizations have used these techniques to improve insights gleaned from the data. According to a 2019 survey from the Society of Actuaries, what types of analytics experienced major growth?
A) Descriptive and Diagnostic
B) Descriptive and Prescriptive
C) Diagnostic and Predictive
D) Predictive and Prescriptive

Question

Quizplus · Accepted Answer

This question requires familiarity with the way that companies are using data analytics to engage in specific activities. Choice D is correct because the main text noted that Predictive and Prescriptive analytics had experienced the most growth according to the Society of Actuaries' 2019 survey. The remaining choices are incorrect since each contains at least one type of analytics not noted as having major growth according to the survey.

As More Practitioners Acquire Data Analytics Skills, Organizations Have Made