Big Data, AI, BI Flashcards
name 5 sources of big data
social networking, high speed networks, mobile computing, IoT, tracking equipment/software
5 forms of big data
- databases
- text
- multimedia
- location
- events
4 characteristics of big data
- volume
- variety
- velocity
- veracity
volume
scale of data
velocity
analysis of streaming data
variety
different forms of data
veracity
uncertainty of data
value
converting data into money
how is value extracted from data
with business intelligence
increasing value of big data
- big data (unstructured)
- processing (organized, indexed, optimized)
- reporting (patterns/relationships)
- analytics (prescriptive/predictive)
BI
set of techniques/tools for acquiring/transforming raw data into meaningful and useful purposes
garbage in, garbage out
low quality data will not lead to any quality value
6 purposes of BI
- improve decision making
- get to know your business
- reduce bottleneck risk
- make sharing info easy
- identify waste in the system
- enable real-time analysis
data warehouse
holds data obtained from internal/external sources
business/data analytics
creates reports through queries/rules