DATABASE FUNDAMENTALS
BASICS OF BIG DATA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Big data analysis derives innovative solutions.
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Big data analysis helps in understanding and targeting customers.
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It helps in optimizing business processes.
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All of the above
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Detailed explanation-1: -Cost. Time reduction. Speeding up decision making. Analyze in real-time.
Detailed explanation-2: -If a company uses big data to its advantage, it can be a major boon for them and help them outperform its competitors. Advantages include improved decision making, reduced costs, increased productivity and enhanced customer service. Disadvantages include cybersecurity risks, talent gaps and compliance complications.
Detailed explanation-3: -Big data analytics benefits Cost savings, which can result from new business process efficiencies and optimizations. A better understanding of customer needs, behavior and sentiment, which can lead to better marketing insights, as well as provide information for product development.