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: -It is among the most important Big Data characteristics as low veracity can greatly damage the accuracy of your results.
Detailed explanation-2: -Value. Among the characteristics of Big Data, value is perhaps the most important. No matter how fast the data is produced or its amount, it has to be reliable and useful. Otherwise, the data is not good enough for processing or analysis.
Detailed explanation-3: -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-4: -Why is big data important? Companies use big data in their systems to improve operations, provide better customer service, create personalized marketing campaigns and take other actions that, ultimately, can increase revenue and profits.