Application of IT

Question 1

Big Data –> The Four Vs

Answer 1

Volume
Veracity
Velocity
Variety

Question 2

Big Data –> Volume

Answer 2

The vast volume of data generated is a key feature of Big Data

Question 3

Big Data –> Veracity

Answer 3

This concerns the truthfulness of captured data

Question 4

Big Data –> Velocity

Answer 4

Refers to the sites at which ‘real time’ days is beyond steamed into the organisation & with which it is processed within the organisation

Question 5

Big Data –> Variety

Answer 5

The diversity of source data with a lot of the data being unstructured, i.e., not in a database

Question 6

New Product Development –> Development

Answer 6

Costs
Benefits
Achieve objectives
Develop existing or new
Required skills & competences
Launch product?

Question 7

New Product Development –> Marketing

Answer 7

How to promote
Through which channels
Features needed
Importance of personnel
Competitors’ responses
Most important customers

Question 8

New Product Development –> Pricing

Answer 8

How does demand vary at different prices
Effect on profit & cashflows
Fit with organisation’s strategy
Comparison to competitors

Question 9

BCP

Answer 9

Business Continuity Planning
E.g., ring-fence infected servers & use back-ups

Question 10

DOS Attack

Answer 10

‘Denial of Service’
Website attacked by several servers at once to crash site