Big data is a field that treats ways to analyze, systematically extract information from, or otherwise deal with data sets that are too large or complex to be dealt with by traditional data-processing application software. Data with many fields (columns) offer greater statistical power, while data with higher complexity (more attributes or columns) may lead to a higher false discovery rate. Big data analysis challenges include capturing data, data storage, data analysis, search, sharing, transfer, visualization, querying, updating, information privacy, and data source. Based on the aforementioned statements critically analyse a) The opportunity of big data into Business and b) Challenges of big data

Big data is a field that treats ways to analyze, systematically extract information from, or otherwise deal with data sets that are too large or complex to be dealt with by traditional data-processing application software. Data with many fields (columns) offer greater statistical power, while data with higher complexity (more attributes or columns) may lead to a higher false discovery rate. Big data analysis challenges include capturing data, data storage, data analysis, search, sharing, transfer, visualization, querying, updating, information privacy, and data source. Based on the aforementioned statements critically analyse a) The opportunity of big data into Business and b) Challenges of big data

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

In general, employers may conduct random searches of areas like desks, lockers, and toolboxes at any point in time without any justification to the employee. Question 21 options: True False
8.10 Persuasive Request: Junk Food Props Up School Budget (Obj. 2) "If I start to get huge, then, yeah, I'll cut out the chips and Coke," says 17-year-old Nicole O'Neill, as she munches sour cream-and onion potato chips and downs a cold can of soda fresh from the snack machine. Most days her lunch comes from a vending machine. The trim high school junior, however, isn't too concerned about how junk food affects her weight or overall health. Although she admits she would prefer a granola bar or fruit, few healthy selections are available in school vending machines. Vending machines loaded with soft drinks and snacks are increa cash and lunchrooms. Some school boards, however, see them as school district is considering a lucrative soft drink contract. Crop one question at a time If it signs an exclusive 12-year agreement with Coca-Cola to allow vending machines at Gresham High School, the school district will receive $75,000 up front. Then it will receive an additional $75,000 three…
QUESTION 6 (MAINTENANCE AND RELIABILITY: COMPARING PREVENTIVE AND BREAKDOWN MAINTENANCE COSTS) 17.24 Wharton Manufacturing Company operates its 23 large and expensive grinding and lathe machines from 7 A.M. to 11 P.M., 7 days a week. For the past year, the firm has been under contract with Simkin and Sons for daily preventive maintenance (lubrication, cleaning, inspection, and so on). Simkin's crew works between 11 P.M. and 2 A.M. so as not to interfere with the daily manufacturing crew. Simkin charges $645 per week for this service. Since signing the maintenance contract, Wharton Manufacturing has noted an average of only three breakdowns per week. When a grinding or lathe machine does break down during a working shift, it costs Wharton about $250 in lost production and repair costs. After reviewing past breakdown records (for the period before signing a preventive maintenance contract with Simkin and Sons), Wharton's production manager was able to summarize the following patterns: 1…
Question 7) Provide a brief around the purpose of “shared value” and “inclusive business”.
Question 8: Which of the following is correct? Group of answer choices A) Janis identified 8 symptoms about groupthink, which can be grouped into 3 major categories: having a highly cohesive group, closed-mindedness, and pressures towards uniformity. B) Janis identified 8 symptoms about groupthink, which can be grouped into 3 major categories: having a highly cohesive group, closed-mindedness, and pressures towards dissent. C) Janis identified 8 symptoms about groupthink, which can be grouped into 3 major categories: having a poorly cohesive group, closed-mindedness, and pressures towards quitting. D) Janis identified 8 symptoms about groupthink, which can be grouped into 3 major categories: having a highly cohesive group, open-mindedness, and pressures towards uniformity.
Question 38 Windows 10 is an example of Application Software B) Operating System Web Browsers Computer Hardware
Question 19 [population] All of these factors contribute significantly to the rate of change of a country's population except which? O immigration (the number of people who enter a country for the purpose of permanent residence) O life expectancy (the average number of years a population lives from birth) O death rate (the number of deaths during a specified time period) O population density (the total number of people per square mile/kilometer) O birth rate (the number of births during a specified time period)
Question text “Do not enter factory without safety helmet” this is an example for ___________. a. Rules b. Policy c. Budget d. Procedure
QUESTION 1.3 A point of sale (POS) is a place where a customer executes the payment for goods or services and where sales taxes may become payable. A POS transaction may occur in person or online, with receipts generated either in print or electronically. Critically assess the ways POS systems enhance data security and privacy for customers and businesses.Provide relevant examples to expand on the relevant ways
QUESTION 60 Producing the most efficient and cost-effective version of a product describes what? a. Production orientation b. Sales orientation c. Market orientation d. Social orientation QUESTION 62 If a consumer buys Charmin bath tissue that is the exact same quality as a generic brand only more expensive, Charmin has created ________ with the consumer. a. Brand mark b. Brand name c. Brand equity d. Brand
Q.11 An example of a leading performance measure is: a.Number of new customers b. Average response time for service call
Case: Volkswagen Commercial One of the early T.V. advertisements from Volkswagen was described as follows: The camera looks through the windshield of a car travelling on a dark snow-covered, country road. Heavy loads of fresh snow bend down pine and fir branches. No announcer's voice is heard, the only sound is that of an engine prosaically purring along. In shot after shot, the headlights illuminate the falling snow ahead, piling up deeper on the winding, climbing, un-tracked road. Robert Frost's haunting lines about the woods on a snowy night are inevitable evoked. Curiosity and a measure of suspense are created. Who is driving and where? What errand has taken him out on such a night? Finally the headlights swing off by a large dark building and are switched off. A high door opens and a powerful snowplow rolls past as the announcer's voice begins “Have you ever wondered how the man who drives the snowplow drives to the snowplow? This one drives a Volkswagen. So you can stop…