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CIMAPRO19-P02-1 Exam - Topic 7 Question 37 Discussion

A small company currently uses an information system that was implemented several years ago and is based entirely on internal data. The company is considering replacing it with a more up to date system. It has been suggested that the new system should include the use of big data.Which TWO of the following statements are correct?
A) Big data can provide a small company with useful information in the quest for competitive advantage. and C) Big data can be used by a small company to identify new opportunities.
B) Big data is concerned solely with a dramatic increase in the amount of internal data stored.
D) It is not possible to value the potential benefits to a small company of an improved information system.
E) Big data is only applicable to large companies which have substantial funds to invest in information systems.

CIMAPRO19-P02-1 Exam - Topic 7 Question 37 Discussion

Actual exam question for CIMA's CIMAPRO19-P02-1 exam
Question #: 37
Topic #: 7
[All CIMAPRO19-P02-1 Questions]

A small company currently uses an information system that was implemented several years ago and is based entirely on internal dat

a. The company is considering replacing it with a more up to date system. It has been suggested that the new system should include the use of big data.

Which TWO of the following statements are correct?

Show Suggested Answer Hide Answer
Suggested Answer: A, C

by Carma at May 03, 2022, 02:59 PM

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Mabel
9 months ago
Not sure about the benefits of a new system, seems risky.
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Gwenn
9 months ago
Totally agree, it can uncover new opportunities for growth!
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Millie
9 months ago
Wait, can small companies really leverage big data effectively?
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Frank
9 months ago
I disagree, big data isn't just for big companies.
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Merissa
9 months ago
Big data can definitely help small companies gain an edge!
upvoted 0 times
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Niesha
10 months ago
I'm pretty sure this is a change in accounting principle, since it's a shift in the overall approach used to measure fair value.
upvoted 0 times
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Ria
10 months ago
I'm a bit confused by this question. The options don't seem to match the context of the question very well. I'll need to re-read it a few times and try to connect the dots.
upvoted 0 times
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