BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Structured
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Unstructured
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Sensors
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Text
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Detailed explanation-1: -From 80% to 90% of data generated and collected by organizations is unstructured, and its volumes are growing rapidly-many times faster than the rate of growth for structured databases. Unstructured data stores contain a wealth of information that can be used to guide business decisions.
Detailed explanation-2: -There have always been four types of analytics: descriptive, which reports on the past; diagnostic, which uses the data of the past to study the present; predictive, which uses insights based on past data to predict the future; and prescriptive, which uses models to specify optimal behaviours and actions.
Detailed explanation-3: -What percentage of data from the digital universe is unstructured? 90 % of what we call “Big Data” is unstructured data. Unstructured data includes e-mail, tweets, electronic documents, video, audio files, web pages, and all of their associated metadata.