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Questions and Answers
What does 'Velocity' refer to in the context of big data?
What does 'Velocity' refer to in the context of big data?
What is the main focus of analytics in the context of big data?
What is the main focus of analytics in the context of big data?
What is a characteristic of big data related to its 'Volume'?
What is a characteristic of big data related to its 'Volume'?
What does 'Variety' refer to in the context of big data?
What does 'Variety' refer to in the context of big data?
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What is the primary focus of descriptive analytics?
What is the primary focus of descriptive analytics?
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Which type of analytics is used for diagnosing the reasons as to why certain events happened?
Which type of analytics is used for diagnosing the reasons as to why certain events happened?
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What is the main purpose of predictive analytics?
What is the main purpose of predictive analytics?
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Which type of analytics involves analyzing past data to present it in a summarized form?
Which type of analytics involves analyzing past data to present it in a summarized form?
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What is the main focus of prescriptive analytics?
What is the main focus of prescriptive analytics?
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Which type of data is involved in big data analytics?
Which type of data is involved in big data analytics?
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What techniques are used in big data analytics?
What techniques are used in big data analytics?
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When are specialized tools and frameworks required for big data analysis?
When are specialized tools and frameworks required for big data analysis?
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What are the three main characteristics of big data mentioned in the text?
What are the three main characteristics of big data mentioned in the text?
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Which type of analytics involves analyzing historical data to search for patterns indicating fraud?
Which type of analytics involves analyzing historical data to search for patterns indicating fraud?
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In which phase of the big data analytics life-cycle is the data stored in specialized storage solutions designed to scale?
In which phase of the big data analytics life-cycle is the data stored in specialized storage solutions designed to scale?
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What can wearable electronic devices allow in the healthcare example mentioned in the text?
What can wearable electronic devices allow in the healthcare example mentioned in the text?
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Study Notes
Velocity in Big Data
- Refers to the speed at which data is generated, processed, and analyzed.
- Real-time data streaming is crucial for timely decision-making.
Analytics Focus in Big Data
- Main focus is on extracting meaningful insights to guide decisions.
- Aims to derive value from data through various analytical techniques.
Volume in Big Data
- Characteristic denotes the immense quantity of data generated daily.
- Data sources include social media, sensors, transactions, and more, leading to terabytes to petabytes of data.
Variety in Big Data
- Refers to the diverse types of data, including structured, semi-structured, and unstructured formats.
- Examples include text, images, videos, and sensor data.
Descriptive Analytics
- Primary focus is on summarizing past data to understand trends and patterns.
- Helps businesses understand what happened in historical data.
Diagnostic Analytics
- Utilized for identifying reasons behind specific past events or outcomes.
- Involves analyzing data to uncover cause-and-effect relationships.
Predictive Analytics
- Aims to forecast future events based on historical data patterns.
- Utilizes statistical models and machine learning techniques for predictions.
Summarization in Analytics
- Descriptive analytics presents past data in a summarized format.
- Helps in grasping key trends without delving into raw data.
Prescriptive Analytics
- Focuses on recommending actions based on data insights.
- Involves decision-making processes to optimize outcomes.
Types of Data in Big Data Analytics
- Involves various forms such as structured databases, unstructured documents, and streaming data from IoT devices.
- Data types enhance insights through comprehensive analysis.
Techniques in Big Data Analytics
- Includes machine learning, data mining, statistical analysis, and natural language processing.
- Techniques enable extraction of actionable insights from massive datasets.
Specialized Tools for Big Data
- Required when traditional data processing software is insufficient for handling large volumes and velocities of data.
- Tools and frameworks facilitate scalability, storage, and processing capabilities.
Characteristics of Big Data
- Three main characteristics: Volume, Velocity, and Variety.
- These characteristics define the complexity and scale of data processing needs.
Fraud Detection Analytics
- Involves analyzing historical data to spot patterns indicating fraudulent activity.
- Uses advanced algorithms to identify anomalies and suspicious behavior.
Data Storage in Big Data Analytics Life-Cycle
- During the storage phase, data is housed in specialized solutions that can scale to handle growing volumes.
- Ensures efficiency and effectiveness in data management.
Wearable Electronic Devices in Healthcare
- Allow for continuous monitoring of patients' health metrics.
- Enable real-time data collection, aiding timely interventions and personalized care.
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Description
Test your knowledge about prescriptive analytics and big data, including prediction models, outcomes, and advanced analytic techniques used against large and diverse data sets.
