BCOR 2205 Quiz 1 Review questions with answers

BCOR 2205 Quiz 1 Review questions with
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answers

Internet of Things (IoT) - CORRECT ANSWERS ✔✔A world where
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interconnected, internet-enabled devices or "things" have the |\ |\ |\ |\ |\ |\ |\


ability to collect and share data without human intervention.
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Data - CORRECT ANSWERS ✔✔Raw facts that describe the
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characteristics of an event or object. |\ |\ |\ |\ |\




Information - CORRECT ANSWERS ✔✔Data converted into a
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meaningful and useful context. |\ |\ |\ |\




I.E. Best selling product, best customer
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Business Intelligence - CORRECT ANSWERS ✔✔Information
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collected from multiple sources that analyze patterns, trends, and
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relationships for strategic goals and decision making
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I.E. Lowest sales per week, best-selling product by month.
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Knowledge - CORRECT ANSWERS ✔✔The skills, experience, and
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expertise, coupled with information and intelligence, that create
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a person's intellectual resources.
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, I.E. Choosing not to fire a sales rep who is underperforming.
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Big Data - CORRECT ANSWERS ✔✔A collection of large, complex
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data sets, including structured and unstructured data, which
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cannot be analyzed using traditional database methods and
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tools.


Volume - CORRECT ANSWERS ✔✔Scale of data. Includes
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enormous volumes of data generated daily.
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Velocity - CORRECT ANSWERS ✔✔Analysis of streaming data.
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Variety - CORRECT ANSWERS ✔✔Different forms of structured or
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unstructured data. Data from spreadsheets, email, video, etc.
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Veracity - CORRECT ANSWERS ✔✔Uncertainty of data, including
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biases, noise, and abnormalities. Uncertainty or
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untrustworthiness of data. |\ |\




Analytics - CORRECT ANSWERS ✔✔The science of fact-based
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decision making. |\




Business Analytics - CORRECT ANSWERS ✔✔The scientific
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process of transforming data into insight for making better
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decisions.