BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Data mining
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Big data
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Data
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Information
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Detailed explanation-1: -Big data is a term that describes large, hard-to-manage volumes of data – both structured and unstructured – that inundate businesses on a day-to-day basis. But it’s not just the type or amount of data that’s important, it’s what organizations do with the data that matters.
Detailed explanation-2: -Put simply, big data is larger, more complex data sets, especially from new data sources. These data sets are so voluminous that traditional data processing software just can’t manage them. But these massive volumes of data can be used to address business problems you wouldn’t have been able to tackle before.
Detailed explanation-3: -Big data is defined as a complex and voluminous set of information comprising structured, unstructured, and semi-structured datasets, which is challenging to manage using traditional data processing tools. It requires additional infrastructure to govern, analyze, and convert into insights.
Detailed explanation-4: -Big Data-Term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis. But it’s not the amount of data that’s important. It’s what organizations do with the data that matters.
Detailed explanation-5: -Big Data Examples to Know Transportation: assist in GPS navigation, traffic and weather alerts. Government and public administration: track tax, defense and public health data. Business: streamline management operations and optimize costs. Healthcare: access medical records and accelerate treatment development.