MIT - Q7

1. It is a term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis.

• Large Volume

• Big Data

• Data Analysis

• Database

2. It is the use and development of computer systems that are able to learn and adapt without following explicit instructions, by using algorithms and statistical models to analyze and draw inferences from patterns in data.

• Database

• Algorithms

• Machine Learning

• Explicit Instruction

3. It helps accountants perform data-driven audits, and gain deeper-insights to the information which wasn't possible before, using the paper form of the documentation.

• Accounting assistant

• Database

• Information Technology

• Big data in accounting

4. It is the intensity of computer reaction that a user perceives or that allows the computer to keep up with other outside process simultaneously.

• Big Data

• Computer Prompt

• Real time access

• Internet

5. It is a discipline focused on extracting insights from data.

• Database

• Data Analytics

• Data mining

• Data Insights

6. It is the process of determining risks that could potentially prevent the program, enterprise, or investment from achieving its objectives.

• Risk Identification

• Risk Reduction

• Risk taker

• Risk To Run

7. It is the representation of information in the form of a chart, diagram, picture, etc.

• Picture Taking

• Information Management

• data visualization

• Database

8. It involves the analysis of complete sets of data to identify anomalies and trends for further investigation, as well as to provide audit evidence

• Audit Analltics

• Audit Analytics

• Auditor

• Auditorioum

9. It shows a clear link between the information provided via the accounting process and the prosperity of society – it explicitly recognizes the impact accounting information has on decision making which subsequently has economic and social impacts.

• Pathways vision model

• Accounting link

• Accounting System

• Accounting Technology

10. It is extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

• Big Data

• Data

• Information

• Datum