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Streaming Data and Big Data Concepts

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Questions and Answers

What is meant by 'Data is the new Oil'?

Data has replaced oil as the most valuable resource. (correct)

Data and oil have similar properties.

Data, like oil, is non-renewable.

Data extraction processes are similar to oil extraction.

Which of the following does NOT fall under 'operational or transactional data'?

Sales data

Accounting data

Inventory data

Forecast data (correct)

What type of data includes information like industry sales and macroeconomic data?

Operational data

Nonoperational data (correct)

Transactional data

Meta data

What is the main focus of 'data mining'?

Discovery of patterns and relationships in data Signup and view all the answers

Which term is used to describe facts, numbers, or text that can be processed by a computer?

Data Signup and view all the answers

What does 'OLAP' stand for in the context of data processing?

Online Analytical Processing Signup and view all the answers

Which of the following activities is associated with 'Knowledge discovery'?

Extracting insights from data Signup and view all the answers

'Indexing, Searching, and Querying' are related to what aspect of handling data?

'Data retrieval' Signup and view all the answers

'Web data, e-commerce' is an example related to which aspect of data?

'Data variety' Signup and view all the answers

'Pattern matching (XML/RDF)' is primarily associated with which process in handling data?

'Data mining' Signup and view all the answers