CHAPTER 11 - INTRODUCTION TO FINTECH QUESTIONS
WITH DETAILED VERIFIED AND 100% ACCURATE
ANSWERS
Fintech Correct Answers refers to developments in technology that can
be applied to the financial services industry.
Fintech Companies Correct Answers Companies that are in the business
of developing technologies for the finance industry
Fintech - Key areas Correct Answers 1. increase functionality to handle
large sets of data that may come from many sources and exist in various
forms
2. Tools and techniques such as artificial intelligence for analyzing very
large data sets
Big Data Correct Answers a widely used expression that refers to all the
potentially useful information that is generated in the economy.
- this includes data from traditional sources (financial markets, company
financial reports, govt. economic stats,) and alternative data from
nontraditional sources.
Corporate exhaust Correct Answers known as a nontraditional source,
this is data where businesses generate potentially useful information
such as bank records and retail scanner data
Internet of things Correct Answers known as nontraditional data source
, are known as sensors, such as a radio frequency identification chips are
embedded in numerous devices such as smartphones and smart buildings
- also known as a broad network
Characters of Big Data Correct Answers include its volume, velocity,
and variety
Volume Correct Answers the volume of data continues to grow by
orders of magnitude. the units in which data be measured have increased
from megabytes and gigabytes to terabytes and even petabytes
Velocity Correct Answers refers to how quickly data is communicated
- real-time data such as stock market price feeds are said to have low
latency
- data that are only communicated periodically or with a lag are said to
have high latency
Variety Correct Answers the variety of data refers to the varying degrees
of structure in which data may exist
- these range from structured forms to semistructured forms (photos,
web page code) to unstructured forms (ex. video)
Data Science Field Correct Answers this science concerns how we
extract info. from big data
- data science describes methods for processing and visualizing data
WITH DETAILED VERIFIED AND 100% ACCURATE
ANSWERS
Fintech Correct Answers refers to developments in technology that can
be applied to the financial services industry.
Fintech Companies Correct Answers Companies that are in the business
of developing technologies for the finance industry
Fintech - Key areas Correct Answers 1. increase functionality to handle
large sets of data that may come from many sources and exist in various
forms
2. Tools and techniques such as artificial intelligence for analyzing very
large data sets
Big Data Correct Answers a widely used expression that refers to all the
potentially useful information that is generated in the economy.
- this includes data from traditional sources (financial markets, company
financial reports, govt. economic stats,) and alternative data from
nontraditional sources.
Corporate exhaust Correct Answers known as a nontraditional source,
this is data where businesses generate potentially useful information
such as bank records and retail scanner data
Internet of things Correct Answers known as nontraditional data source
, are known as sensors, such as a radio frequency identification chips are
embedded in numerous devices such as smartphones and smart buildings
- also known as a broad network
Characters of Big Data Correct Answers include its volume, velocity,
and variety
Volume Correct Answers the volume of data continues to grow by
orders of magnitude. the units in which data be measured have increased
from megabytes and gigabytes to terabytes and even petabytes
Velocity Correct Answers refers to how quickly data is communicated
- real-time data such as stock market price feeds are said to have low
latency
- data that are only communicated periodically or with a lag are said to
have high latency
Variety Correct Answers the variety of data refers to the varying degrees
of structure in which data may exist
- these range from structured forms to semistructured forms (photos,
web page code) to unstructured forms (ex. video)
Data Science Field Correct Answers this science concerns how we
extract info. from big data
- data science describes methods for processing and visualizing data
