DATABASE FUNDAMENTALS
BASICS OF BIG DATA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Select one answer from the list below. How might a company use the consumer data it collects?
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To decide which types of products it should make.
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To decide where to open a new store.
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To decide how much to charge for their products.
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All of the above.
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Explanation:
Detailed explanation-1: -Businesses may collect consumer data and use it to power better customer experiences and marketing strategies. They may also sell this data for revenue.
Detailed explanation-2: -Data may be grouped into four main types based on methods for collection: observational, experimental, simulation, and derived.
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