ITPEC IP April 2020 Question 93

Source exam: ITPEC IP April 2020Topic: Business Industry

ITPEC IP April 2020 — Question 93 of 100

Big data describes very large, rapidly generated, and diverse datasets that can be analyzed to obtain useful knowledge for decisions. Its classic characteristics are volume, velocity, and variety, often supplemented by veracity and value.

Answer (a)

Why not others:
- diversity is a general concept concerning variety or inclusion

- core competence is a distinctive organizational capability that supports competitive advantage

- crowdfunding raises money from many contributors, usually through an online platform

Key rule: Large scale, many data forms, real-time speed, and analytical value together point to big data.

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