Identify a recent technological advance that provides an opportunity to gain a competitive advantage.
A)CVVP analysis
B)discounted cash flows
C)predictive analysis
D)economic order quantity (EOQ)

Question

Quizplus · Accepted Answer

Predictive analysis is a recent technological advance that involves using data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data. It provides businesses with the opportunity to gain a competitive advantage by allowing them to make data-driven decisions and anticipate market trends, customer preferences, and potential risks. By utilizing predictive analysis, companies can optimize their marketing strategies, forecast demand, minimize costs, and improve overall performance.

Identify a Recent Technological Advance That Provides an Opportunity to Gain