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Questions and Answers
What is meant by 'Data is the new Oil'?
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'?
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?
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'?
What is the main focus of 'data mining'?
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Which term is used to describe facts, numbers, or text that can be processed by a computer?
Which term is used to describe facts, numbers, or text that can be processed by a computer?
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What does 'OLAP' stand for in the context of data processing?
What does 'OLAP' stand for in the context of data processing?
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Which of the following activities is associated with 'Knowledge discovery'?
Which of the following activities is associated with 'Knowledge discovery'?
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'Indexing, Searching, and Querying' are related to what aspect of handling data?
'Indexing, Searching, and Querying' are related to what aspect of handling data?
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'Web data, e-commerce' is an example related to which aspect of data?
'Web data, e-commerce' is an example related to which aspect of data?
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'Pattern matching (XML/RDF)' is primarily associated with which process in handling data?
'Pattern matching (XML/RDF)' is primarily associated with which process in handling data?
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