TiO Live session 2 post-session activity

What are the three terms beginning with V that can be used to define Big Data?

• Volume

• Valid

• Velocity

• Variety

• Verifiable

Big data is measured in

(a)  

True of false: Netflix uses data analytics to suggest new films or series for audiences.

• True

• False

What is business intelligence?

Answer explanation

Businesses and organisations use data in order to make decisions, as well as predictions about the demand for their goods and services. This ability to analyse data is called business intelligence. Below are just a few examples of businesses intelligence:

• Tracking consumer purchasing behaviour.

• Using predictive models about influenza infection rates

• Using past birth rates to anticipate further births during a particular season.

What does B2C stand for?

• Business-to-business

• Customer-to-customer

• Business-to-consumer

• Consumer-to-business

True or false: the C2C model works by wholesalers trading with retailers or manufacturers with wholesalers.

• True

• False

What are some of the uses of Big Data?

• Product development

• Marketing

• Improving education

• Healthcare advancements

True or false: a zettabyte is a unit of information equal to one million million bytes.

• True

• False

Answer explanation

Big Data is measured in more than megabytes but rather terabytes and zettabytes.

• Megabyte - a unit of information equal to one million bytes

• Terabyte - a unit of information equal to one million million bytes

• Zettabye - a unit of information equal to a billion terabytes.

relates to how fast data streams in real or near-real time.

(a)  

When did the first e-commerce transaction take place?

• 1992

• 1989

• 2001

• 1994