QUESTION 3 (20 Marks) Big Data Analytics can be defined as the application of a broad scope of data from within and around a business. Report on any FIVE (5) ways Big Data Analytics is beneficial to businesses.
Added by Tonya F.
Step 1
These benefits typically revolve around improved decision-making, enhanced operational efficiency, and better customer insights. Step 2: Select five specific benefits From the identified key benefits, select five that are most relevant and impactful for Show more…
Show all steps
Your feedback will help us improve your experience
Sri K and 78 other AP CS educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
â—Ź How do you describe the importance of data in analytics? â—Ź Can one think of analytics without data? Explain. â—Ź Where does the data for business analytics come from? â—Ź What are the sources and the nature of that incoming data? â—Ź What are the most common metrics that make for analytics-ready data? â—Ź Why is the original/raw data not readily usable by analytics tasks? â—Ź How do you visualize the data?
Sri K.
Explain how businesses use analytics to convert raw operational data into actionable information. Provide at least 1 example.
Bryan K.
Benefits of data analytics include all of the following EXCEPT A. Data analytics can help companies better adapt and respond to customers' preferences B. Data analytics can help the business make quicker decisions. C. Data analytics can determine exactly what the company's profit will be given a specific scenario D. Data analytics can increase the efficiency of internal operations
Akash M.
Recommended Textbooks
Computer Science and Information Technology
Introduction to Programming Using Python
Computer Science - An Overview
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD