Big Data Flashcards, test questions and answers

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What is Big Data?

Big Data is a term used to describe the massive amounts of data that businesses and organizations collect on a daily basis. It is data that is so large, complex, and diverse that it cannot be managed by traditional processing techniques. Big Data can come from many sources, including transactions, social media posts, web searches, and sensor readings.The challenge with Big Data is that analyzing this huge amount of information can be difficult. Traditional methods of analysis such as spreadsheets and databases are not able to effectively manage the large volumes of data or extract meaningful insights. This means businesses must find new ways to store and analyze Big Data in order to get the most out of it.The potential benefits of Big Data are tremendous predictive analytics can be used to forecast customer behavior; machine learning algorithms can help automate processes; social media analytics can provide valuable insights into customer sentiment; and more efficient business decisions could be made by analyzing historical trends in data sets. Furthermore, Big Data could also be used for medical research or environmental monitoring for example, scientists could use sensor networks to track air quality or water levels in real time. Big Data has become an essential tool for businesses looking to gain competitive advantage over their rivals but it comes with significant challenges too: from maintaining security & privacy standards when dealing with sensitive information (such as health records), to ensuring accurate and timely analysis of large datasets which requires a lot of computing power and storage space. In conclusion, there’s no doubt that harnessing the power of Big Data will enable businesses to make better decisions faster than ever before but careful consideration must also be taken when handling sensitive information or trying to extract meaning from vast quantities of data quickly enough for it still remain relevant.