Exam 8: Understanding Big Data and Its Impact on Business

Analysis paralysis occurs when the user goes into an emotional state of overanalysis (or overthinking) a situation so that a decision or action is never taken, in effect paralyzing the outcome.

What is text analytics?

Data artist is a business analytics specialist who uses visual tools to help people understand complex data.

What are advanced analytics?

What is a statement about what will happen or might happen in the future such as future sales or employee turnover?

What is web analytics?

Veracity includes the uncertainty of data, including biases, noise, and abnormalities.

What displays information graphically so it can be easily understood?

What is a common association detection analysis technique for analyzing certain items to detect customers' buying behavior and predict future behavior?

In terms of big data what is veracity?

Affinity grouping determines which things go together.

What are predictions based on time-series information?

The four common characteristics of big data are variety, veracity, volume, velocity.

What processes and manages algorithms across many machines in a computing environment?

Prediction is a statistical process that finds the way to make a design, system, or decision as effective as possible, for example, finding the values of controllable variables that determine maximal productivity or minimal waste.

Volume includes the scale of data.

Velocity includes the analysis of streaming data as it travels around the Internet.

What is affinity grouping?

What is social media analytics?

What is another term for data that does not exist in a fixed location?