Reviewer Quiz 1 Flashcards
A big data characteristics related to consistency, accuracy, quality and trustworthiness.
Veracity
The popular representation of the relationship between Data, Information, Knowledge, Wisdom (DIKW) Pyramid.
Knowledge Hierarchy
Help a business optimize its performance, perform more efficiently, maximize profit, or make strategically-guided decision.
Data Analytics
Refers to data that is so large, or complex that its difficult or impossible to process using traditional methods.
Big data
The process of parsing historical data to better understand the changes that have occured in a business.
Descriptive analytics
Refers to the rate of change and lifetime of data. Organizations need to understand how long a specific type of data is valid.
Volatility
The use of data, statistical algorithms and machine learning techniques to identify the likelihood of future outcomes based on historical data.
Predictive analytics
The process of analyzing digital data from various sources like websites, mobile applications, among others.
Digital analytics
The value obtained through the use of analytics.
Insight
The process of using data to determine an optimal course of action.
Prescriptive analytics
The systematic computational analysis of data or statistics.
Analytics
Highest awards on Total Quality Management (TQM).
Deming Prize
