Knowee
Questions
Features
Study Tools

Due to the increase in available data (according to the 3 Vs of Big Data), a Big Data Analytics approach is using only __________________ to make decisions.Question 3AnswerSelect one:a.a sample of the available datab.all available datac.none of the aboved.only the metadata

Question

Due to the increase in available data (according to the 3 Vs of Big Data), a Big Data Analytics approach is using only __________________ to make decisions.Question 3AnswerSelect one:a.a sample of the available datab.all available datac.none of the aboved.only the metadata

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

Solution

The answer is:

b. all available data

Explanation:

Big Data Analytics is the process of examining large and varied data sets, or 'big data', to uncover hidden patterns, unknown correlations, market trends, customer preferences and other useful business information. The primary goal of big data analytics is to help companies make more informed business decisions.

With the increase in available data (volume, velocity, and variety - the 3 Vs of Big Data), a Big Data Analytics approach typically uses all available data to make decisions. This is because the more data that's available, the more patterns and trends the analytics can reveal. This is especially true with machine learning algorithms, which improve their accuracy and predictive power the more data they are fed.

However, it's important to note that while using all available data can provide more insights, it also requires more processing power and sophisticated analytics techniques. Therefore, depending on the specific situation and resources available, sometimes a sample of the data might be used instead.

This problem has been solved

Similar Questions

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

Large _____ of data is considered as big data.Question 25Answera.Volumeb.Veracityc.Varietyd.None of the mentioned above

Which of the following best describes what analysts use big data for?1 pointLarge-scale questions that help companies make big decisionsData sorting and cleaningDay-to-day questions with a few observationsReports on events that infrequently occur

Which of the following are ways in which marketing analytics of big data is useful? (Choose every correct answer.)Multiple select question.For developing a homogeneous stock selection across all the stores of a national retailerFor making very specific marketing decisions as well as for a variety of purposes across a company's marketing mixFor understanding a firm's web traffic for managing various customer segmentsFor developing a thoughtful segmentation and positioning strategy

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.