Today we have a question relating to the new 2019 syllabus for E1.
The question was:
Of the scenarios below where does the finance department have an advantage over data scientists?
This question relates to ‘C: Data and Information in the Digital World’ and is a slightly different version of the question in one of our free mock exams.
The correct answer was…
Identifying the meaningful connections between products
The skill set of a data scientist is being able to develop the method to collect the data and then manipulate it. Once this is a format that can be analysed, the finance professional will have the skill set to interrogate the data to establish any connections between products. Once the connections have been identified and the potential opportunity to the business estimated, the finance professional is best place to feed this back to senior management.
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