Exam 8: Understanding Big Data and Its Impact on Business

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Advanced analytics processes and manages algorithms across many machines in a computing environment.

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Clustering assigns records to one of a predefined set of classes.

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Define data mining and explain the three common forms for mining structured and unstructured data.

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In terms of big data what is velocity?

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In terms of big data, what includes the scale of data?

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Variety includes different forms of structured and unstructured data.

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What determines values for an unknown continuous variable behavior or estimated future value?

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What move beyond Excel graphs and charts into sophisticated analysis techniques such as pie charts, controls, instruments, maps, time-series graphs, and more?

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What is a statistical process for estimating the relationships among variables?

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

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What focuses on forecasting future trends and producing insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization?

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Infographics (information graphics) display information graphically so it can be easily understood.

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Web analytics analyzes unstructured data to find trends and patterns in words and sentences.

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What analyzes text flowing across the Internet, including unstructured text from blogs and messages?

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What is the technique used to divide information sets into mutually exclusive groups such that the members of each group are as close together as possible to one another and the different groups are as far apart as possible?

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Estimation determines which things go together.

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What is advanced analytics?

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In terms of big data, what includes different forms of structured and unstructured data?

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In terms of big data what is volume?

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What is an example of using cluster analysis in business to create target-marketing strategies?

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