Enterprise Performance Management (EPM) is NOT software which helps organisations…

Operate the day-to-day transactional business activities

Which is NOT a correct description of Process Mining?

Analyses process maps & workflow to highlight inefficiencies

Blockchain is considered highly secure as…

The records can never be changed

What is NOT a benefit which RPA can deliver?

Automatically adjusts when systems it interacts with changes

Which sentence does NOT accurately describe Blockchain technology?

Blockchain offers a centralized means of record keeping

In relation to RPA, which statement is FALSE?

Automates efficiently as its integrated within other systems

What is the difference between Machine Learning (ML) and Cognitive Computing (CC)?

CC combines multiple technologies e.g. ML, NLP

Internet of Things has the potential to be leveraged by Finance and Operations teams…

As real-time data/trends can help improve planning accuracy

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Digital Finance

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Questions 20

Answers

1
Which is a Process Mining software?
BlackLine
Redwood
Hyper Anna
Celonis
2
Which is NOT an IaaS service?
Google Cloud
Microsoft Azure
Amazon Web Services (AWS)
SAP S4/HANA
3
What technology category does BluePrism best fit into?
Robotic Process Automation
Natural Language Generation
Business Process Automation
Business Intelligence
4
Which is NOT a Cloud Service model?
PaaS
IaaS
SaaS
DaaS
5
Which type of analysis is the lowest level of maturity?
Predictive
Prescriptive
Diagnostic
Descriptive
6
Enterprise Performance Management (EPM) is NOT software which helps organisations…
Consolidate and finalise financial results (close the books)
Plan, budget, forecast, and report on business performance
Operate the day-to-day transactional business activities
Functional teams (e.g. HR, sales) with operational plans
7
Which is NOT a correct description of Process Mining?
Analyses process maps & workflow to highlight inefficiencies
Platform dedicated to analysis of complex business processes
Analysis of processes to highlight bottlenecks and risks
Processes are visualised based on digital footprints
8
Distributed Ledger Technology is utilised in…
Blockchain
Cloud EPM solutions
Robotic Process Automation
Natural Language Generation (NLG)
9
Blockchain is considered highly secure as…
The records can never be changed
Changes can only be done with permission from both parties
Changes can only be done if the users have correct access
Changes can only be done by selling party in a transaction
10
What is NOT a benefit which RPA can deliver?
Works 24x7 unattended and without supervision required
Automatically adjusts when systems it interacts with changes
Can be scaled up and down to match peak loads
Make rules-based, algorithmic decisions
11
Which sentence does NOT accurately describe Blockchain technology?
Blockchain offers a centralized means of record keeping
Key feature is a Smart Contract that underpins digital trust
Revolutionary technology for record keeping
Permanent record of transactions in a network
12
Which technology would you be most likely to use to develop a ChatBot?
Natural Language Generation
Natural Language Processing
Robotic Process Automation
Cognitive Computing
13
Which of the following answers is FALSE regarding Machine Learning (ML) & Deep Learning (DL)?
DL is a subfield of ML
ML uses algorithms to analyse and learn from that data
ML is a subfield of DL
DL structures algorithms forming a artificial neural network
14
In relation to RPA, which statement is FALSE?
Automates efficiently as its integrated within other systems
An acronym for 'Robotic Process Automation'
Accesses systems via username and password, like humans
Interacts with the presentation layer (i.e. general UI)
15
What is the difference between Machine Learning (ML) and Cognitive Computing (CC)?
Unlike CC, ML can only process structured data sets
Unlike CC, ML mimics human-like activities e.g. reasoning
CC combines multiple technologies e.g. ML, NLP
There are no significant differences between the two
16
Internet of Things has the potential to be leveraged by Finance and Operations teams…
As it integrates ERP and EPM systems with BI software
As it provides a governance layer to control the processes
As real-time data/trends can help improve planning accuracy
As the internet is required when using Cloud-based solutions
17
Which is NOT an Business Intelligence/Advanced Analytics and Visualisation tool?
SolveXia
Microsoft PowerBI
Tableau
Adaptive Insights
18
What technology category does Quill best fit into?
Business Intelligence
Business Process Automation
Natural Language Generation
Robotic Process Automation
19
Which type of analysis is the highest level of maturity?
Prescriptive
Predictive
Dignostic
Descriptive
20
What technology category does Appian best fit into?
Business Intelligence
Robotic Process Automation
Business Process Automation
Natural Language Generation

Digital Finance Flashcards | StudBud