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Understanding Analytics

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Questions and Answers

What has led to the exponential growth of big data in recent years?

Limited use of traditional databases

Exclusive reliance on unstructured data

Decrease in the variety of data sources

Information technology, industrial, healthcare, Internet of Things, and other sectors (correct)

What is the definition of big data?

Data with large volume, velocity, or variety that is challenging to store, manage, and analyze using traditional databases and tools (correct)

Data that can be easily managed and analyzed using traditional databases

Data that is exclusively unstructured and difficult to process

Data that is only generated by information technology and healthcare sectors

What distinguishes big data from traditional data?

Easily manageable and processable

Structured and unstructured nature

Volume, velocity, and variety (correct)

Generated by industrial and Internet of Things sectors

What are the challenges posed by big data?

Difficulty in storing, managing, processing, and analyzing using traditional databases and tools Signup and view all the answers

Which term refers to predicting what is likely to happen based on data analysis?

Predictive Analytics Signup and view all the answers

What is the primary reason why traditional databases and data processing tools struggle with big data?

Inability to handle the volume, velocity, and variety of the data Signup and view all the answers

What sectors have contributed to the exponential growth of both structured and unstructured data in recent years?

Information technology, industrial, healthcare, Internet of Things Signup and view all the answers

What is the key focus of predictive analytics?

Forecasting future events based on historical data Signup and view all the answers

Which characteristic defines big data according to the provided text?

Difficulty in storing, managing, processing, and analyzing due to its size and complexity Signup and view all the answers

What distinguishes prescriptive analytics from predictive analytics?

It provides recommendations for actions to optimize outcomes Signup and view all the answers