Advance topic

What does the term "Big Data" refer to?

• Data sourced from a single origin.

• Data with a small volume.

• Data generated, collected, and processed in large volume from various sources in different formats.

Which of the 4Vs pertains to the speed of data processing in Big Data?

• Volume

• Velocity

• Variety

• Veracity

What does "Volume" mean in the context of Big Data?

• Speed of data processing.

• Amount of data generated, collected, and processed.

• Various types of data in different formats.

Answer explanation

Volume refers to the amount of data generated, collected, and processed in the context of Big Data.

Which dimension indicates the reliability or accuracy of data in Big Data?

• Volume

• Velocity

• Variety

• Veracity

What is meant by E-Business Analytics?

• Transforming raw data into actionable insights and knowledge.

• Business decisions using economic analysis.

• Collecting data without processing it.

What is the role of Customer Understanding in the context of E-Business Analytics?

• Analyzing business decisions.

• Providing deep insights into customer behavior, preferences, and interactions across various channels.

• Reducing operational efficiency.

How can E-Business Analytics impact Revenue Growth?

• Reducing operational costs.

• Identifying opportunities for revenue growth through cross-selling and upselling strategies.

• Providing insights into operational effectiveness.

What does the Conversion Rate measure in E-Business Analytics?

• Number of new customers.

• Conversion rate from visits to transactions.

• Average order value.

• Customer lifetime value.

What does the abbreviation CLV stand for in Key Metrics of E-Business Analytics?

• Customer conversion rate.

• Customer lifetime value.

• Average number of customers.

• Average order value.

What is data visualization?

• Graphical representation of data and statistics.

• Textual representation of data.

• Auditory interpretation of data.

• Numerical analysis of data.