DATABASE FUNDAMENTALS
BASICS OF BIG DATA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Businesses can utilize outside intelligence while taking decisions
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Improved customer service
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Better operational efficiency
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All of the above
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Detailed explanation-1: -Big data tools can improve operational efficiency-your interaction with customers and their valued feedback help to collect large amounts of valuable customer data. Analytics can then extract meaningful patterns hidden within the data to create customized products.
Detailed explanation-2: -Cost. Time reduction. Speeding up decision making. Analyze in real-time.
Detailed explanation-3: -Driven by specialized analytics systems and software, big data analytics can point the way to various business benefits, including new revenue opportunities, more effective marketing, better customer service, improved operational efficiency and competitive advantages over rivals.
Detailed explanation-4: -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-5: -Which of the following characteristic of big data is relatively more concerned to data science? Explanation: Big data enables organizations to store, manage, and manipulate vast amounts of disparate data at the right speed and at the right time.