Knowee
Questions
Features
Study Tools

Which TWO of the following can be achieved by combining big data with high-powered analytics? Better predictive capabilityA framework for resolving all business problemsElimination of operational risksMore effective decision makin

Question

Which TWO of the following can be achieved by combining big data with high-powered analytics? Better predictive capabilityA framework for resolving all business problemsElimination of operational risksMore effective decision makin

🧐 Not the exact question you are looking for?Go ask a question

Solution

The two achievements that can be obtained by combining big data with high-powered analytics are:

  1. Better predictive capability: Big data analytics can help in predicting future trends and behaviors. For instance, it allows businesses to foresee customer needs and offer them what they need. This can significantly improve business performance and enable them to stay ahead of their competitors.

  2. More effective decision making: With the ability to analyze huge amounts of data, businesses can make more informed decisions. Big data analytics provides valuable insights that can help in making strategic decisions. It can reveal patterns, correlations, and market trends that may not be visible otherwise. This can lead to more effective and strategic decision-making processes.

This problem has been solved

Similar Questions

Big data is high-volume, high-velocity, and high-variety information assets that demand _____, _________ forms of information processing for enhanced ________ and __________.*1 pointCost-effective, Innovative, Decision Making, InsightCost-effective, Innovative, Insight, Decision Making,Cost-effective, Insight, Decision Making, InnovativeInsight, Decision Making, Innovative, Cost-effective

Which one of the following options is the most important key benefit of data analysis? Decisive analyticsInformed business decisionsComplex reports

Big data:A. Uses analytical tools based on artificial intelligence and machine learning to mine vast data troves.B. Is used to find small patterns or correlations that reveal new insights or truths.C. Represents a new frontier in the way in which information is processed and used to inform decision-making.D. Analyses the way that humans make decisions using information.Group of answer choicesA and B, but not C and DB onlyA, B and C, but not DD only

Which of the following is a defining feature of big data analytics that distinguishes it from previous methods for managing large data sets?A.Collecting and storing large volumes of dataB.Processing and analyzing data in a timely mannerC.Ensuring data quality and reliabilityD.Protecting data privacy and securityE.Visualizing and presenting data effectively

Select Any One Of the Following Options: A global e-commerce giant aims to optimize its supply chain by leveraging data to predict potential disruptions, such as weather-related delays or geopolitical events. Which analytics type would be instrumental in achieving this strategic goal?Descriptive AnalyticsDiagnostic AnalyticsPredictive AnalyticsPrescriptive Analytics

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.