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?

<p>Difficulty in storing, managing, processing, and analyzing using traditional databases and tools (B)</p> Signup and view all the answers

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

<p>Predictive Analytics (C)</p> Signup and view all the answers

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

<p>Inability to handle the volume, velocity, and variety of the data (B)</p> Signup and view all the answers

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

<p>Information technology, industrial, healthcare, Internet of Things (D)</p> Signup and view all the answers

What is the key focus of predictive analytics?

<p>Forecasting future events based on historical data (B)</p> Signup and view all the answers

Which characteristic defines big data according to the provided text?

<p>Difficulty in storing, managing, processing, and analyzing due to its size and complexity (A)</p> Signup and view all the answers

What distinguishes prescriptive analytics from predictive analytics?

<p>It provides recommendations for actions to optimize outcomes (C)</p> Signup and view all the answers

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