Impact of Big Data in Various Industries
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Questions and Answers

What is the biggest source of data for big data management and analytics?

  • Server farms
  • Mobile devices (correct)
  • Desktop computers
  • Laptops

    • By the end of 2021, how many mobile devices are predicted to be in use globally?

  • 15 billion (correct)
  • 5 billion
  • 20 billion
  • 10 billion

    • Which technological advancement is often referred to as 'ondemand computing'?

  • Artificial intelligence
  • Cloud computing (correct)
  • Quantum computing
  • Blockchain technology

    • What is the impact of big data in healthcare according to the text?

    <p>Revealing useful insights for decision-making</p> Signup and view all the answers

    In which sector did MGI study the impact of big data according to the text?

    <p>Healthcare</p> Signup and view all the answers

    What does the growth in data and cloud computing open gates for according to the text?

    <p>Dynamic and scalable data analysis</p> Signup and view all the answers

    What are two essential components of any system due to the sheer volume of data that needs to be managed?

    <p>Big data management and analysis</p> Signup and view all the answers

    Why has the exponential growth of data led to challenges in storing and processing it effectively?

    <p>Data volumes are doubling every two years worldwide</p> Signup and view all the answers

    Which industry has been significantly impacted by the management and analysis of large amounts of data?

    <p>Healthcare sector</p> Signup and view all the answers

    What triggered the big data era according to the text?

    <p>Growing torrent of data and on-demand cloud computing services</p> Signup and view all the answers

    What is one challenge associated with understanding big data as mentioned in the text?

    <p>Enormous challenges in storing, transmitting, and understanding the data</p> Signup and view all the answers

    How has big data impacted the financial sector according to the text?

    <p>Big data has become increasingly popular in the financial sector</p> Signup and view all the answers

    What are some additional issues related to big data, as mentioned in the text?

    <p>Networking, bandwidth, and cost of data storage</p> Signup and view all the answers

    What does 'velocity' refer to in the context of big data?

    <p>The rate at which large amounts of data are produced, collected, and digested</p> Signup and view all the answers

    Why is real-time processing essential for personalized advertising based on user behavior?

    <p>To match the rate at which data is created for real-time action</p> Signup and view all the answers

    How can the ability to evaluate big data in real time impact humans' standard of living?

    <p>By enabling immediate detection of abnormalities and taking corrective actions</p> Signup and view all the answers

    What is the difference between real-time processing and batch processing?

    <p>Real-time processing occurs as data is created or analyzed, while batch processing operates on a set of data at once</p> Signup and view all the answers

    In what way can the inability to take advantage of big data in real time impact companies?

    <p>They might miss out on opportunities</p> Signup and view all the answers

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