BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Volume
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Veracity
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Velocity
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Variety
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Value
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Detailed explanation-1: -Value. Finally, the V for value sits at the top of the big data pyramid. This refers to the ability to transform a tsunami of data into business.
Detailed explanation-2: -Big data is a collection of data from many different sources and is often describe by five characteristics: volume, value, variety, velocity, and veracity.
Detailed explanation-3: -There is one “V” that we stress the importance of over all the others-veracity. Data veracity is the one area that still has the potential for improvement and poses the biggest challenge when it comes to big data.
Detailed explanation-4: -Data in itself is of no use or importance but it needs to be converted into something valuable to extract Information. Hence, you can state that Value! is the most important V of all the 6V’s.