Data Formats and Competitive Strategies Quiz
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Questions and Answers

What does the term 'Variety' refer to in the context of data?

  • Volume of the data
  • Structured, numeric data in traditional databases
  • Value of the data
  • Unstructured text documents and emails (correct)
  • Which competitive strategy focuses on differentiating products and services from competitors?

  • Differentiation (correct)
  • Growth
  • Innovation
  • Cost Leadership
  • What technology is used by Chinese farmers for monitoring and tracking the location and health of their animals?

  • NB-IoT (correct)
  • Drones
  • Edge computing
  • Robotics
  • In the context of data, what does the term 'Volume' refer to?

    <p>The sheer amount of data generated</p> Signup and view all the answers

    What is meant by 'Velocity' in the context of data?

    <p>The speed at which data is generated and processed</p> Signup and view all the answers

    What does 'Variety' refer to in the realm of data?

    <p>The different types and sources of data</p> Signup and view all the answers

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