6.1 Data (Higgins)

Question 1

(Data L1 Introduction Data) - Define the term Data

Answer 1

Data is a collection of Numbers, Facts or Figures

Question 2

(Data L1 Introduction Data) - Define the term Information

Answer 2

Information is Categorised and Condensed Data

Question 3

(Data L1 Introduction Data) - Define the term Knowledge

Answer 3

Information is Categorised and Condensed Data

Question 4

(Data L1 Introduction Data) - Define the 6 V’s of Big Data

Answer 4

Volume, Variety, Velocity, Veracity, Value and Variability

Question 5

(Data L1 Introduction Data) - Explain ‘Volume’ in the Context Big Data

Answer 5

Volume refers to Amount of Data from Different Sources.

Question 6

(Data L1 Introduction Data) - Explain ‘Variety’ in the Context Big Data

Answer 6

Variety refers to the different types of Data: Structured, semi-Structured and Unstructured

Question 7

(Data L1 Introduction Data) - Explain ‘Velocity’ in the Context Big Data

Answer 7

Velocity refers to the Speed at which Big Data is Generated

Question 8

(Data L1 Introduction Data) - Explain ‘Veracity’ in the Context Big Data

Answer 8

Veracity refers to how Trustworthy the Big Data is

Question 9

(Data L1 Introduction Data) - Explain ‘Value’ in the Context Big Data

Answer 9

Value refers to the Business Value of the Data Collected.

Question 10

(Data L1 Introduction Data) - Explain ‘Variability’ in the Context Big Data

Answer 10

Variability refers to the ways in which the Big Data can be Used and Formatted