AI & BIG DATA Flashcards
1
Q
What are the 4 V’s of Big data?
A
Volume, Velocity, Variety, Value
2
Q
The 4 different types analytics types, BD analysis? (DDPP)
A
-Descriptive: To analyze historical sales
data to identify patterns and
trends in customer behavior
-Diagnostic: To understand why certain
products are selling better
than others
-Predictive: To predict future demand and
adjust their supply chain
operations to meet that
demand.
-Prescriptive: To determine the best course
of action to meet future
demand
