Introduction to Big Data

Large amounts of data or complex data that traditional data-processing application software cannot handle

90%

The 4 Vs of Big Data

<p>To allow customers to own their banking and financial data and apply GDPR principles to it</p> Signup and view all the answers

<p>Perform KYCs and CTFs, and monitor for any illicit financial activities</p> Signup and view all the answers

<p>Incumbent financial institutions no longer have the monopoly on banking</p> Signup and view all the answers

<p>To extract knowledge and insights for decision making using various data science techniques.</p> Signup and view all the answers

<p>It can be used to train Artificial Intelligence models.</p> Signup and view all the answers

<p>It is essential to prevent unauthorized access and ensure the protection of sensitive data.</p> Signup and view all the answers

<p>It is necessary to track the data and ensure its integrity and accuracy.</p> Signup and view all the answers

<p>It is necessary to transform the data into a usable format for analysis.</p> Signup and view all the answers

<p>It is essential to define the problem or use case to determine the data sources and ensure the data is relevant and useful.</p> Signup and view all the answers

<p>To ensure that only authorized users can access the data and that the data is protected from unauthorized access, theft, or loss.</p> Signup and view all the answers

<p>To ensure that everything is working correctly and to detect and respond to any issues that arise.</p> Signup and view all the answers

<p>For quick access to the data.</p> Signup and view all the answers

<p>It ensures that the data used to train ML/AI algorithms is secure and protected from unauthorized access, theft, or loss.</p> Signup and view all the answers

<p>It ensures that the system meets the necessary regulatory requirements, reducing the risk of fines and reputational damage.</p> Signup and view all the answers

<p>It imposes strict regulations on data protection and security, with fines for non-compliance.</p> Signup and view all the answers