Advanced Accounting exam Graded A+

Advanced Accounting exam Graded A+ Data - ANSWERFact, occurrence, instance, measurable observation Big Data - ANSWERCorporate accumulation of massive amounts of data that can be used for analysis Why has utilizing big data become normal for most institutions? - ANSWER1. Advancements in collecting data 2. Increased availability of analytical tools designed to handle large quantities of data Active collection - ANSWERCapture of data from a device or person who has given consent, such as a field survey or job application Passive collection - ANSWERFrom sources that may be indirect or otherwise generated from some passive activity a device or person engages in, such as the number of webpages viewed on a website Common sources of data collection - ANSWERPurchasing behaviors of participants in loyalty programs Customer focus groups Radio frequency identification Barcodes What are the five dimensions of big data? - ANSWER1. Volume