ITPEC IP April 2025 Question 94
ITPEC IP April 2025 — Question 94 of 100
Big data — it describes rapidly generated information with large volume and diverse formats that can be analyzed for useful knowledge.
Big data is often characterized by volume, velocity, and variety, sometimes extended with veracity and value. Appropriate storage and analytics can reveal patterns that support forecasting, optimization, customer understanding, and other decisions.
Answer (a)
Why not others:
- (b) Diversity concerns inclusion or variation generally, not this data concept
- (c) Core competence is a distinctive organizational capability that supports competitive advantage
- (d) Crowdfunding raises money from many contributors through a platform
Key rule: Big data concerns the scale, speed, and forms of data together with the ability to extract decision-making value from it.
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