Tech & Data Analytics

Question 1

What is Cloud Computing?

Answer 1

• the term cloud computing may be used to any situations that involves accessing software and data using the internet.

It enables content to be accessed from any device with an internet connection & web browser/app.

Question 2

What are the benefits of Cloud Computing?

Answer 2

• Helps employees and other stakeholders communicate effectively and efficiently wherever they are.
• Remote working. Employees can work anywhere from their laptop/Cloud.
• Improved Security & Backup. Cloud applications enable data to be protected through s complex encryption algorithm.
• Reduced Capital cost. Cloud based systems only require monthly/annual cost, NOT significant investment such as server computers.
• Easy & Fast Implementation. Signing up and logging in takes minutes.

Question 3

What are the drawbacks of a Cloud a Computing?

Answer 3

1. Loss of control - similar to outsourcing, service is controlled by the vendor.
2. Risk of Unauthorised Access - Although this is secure, many businesses are uncomfortable with the idea of storing sensitive data in the cloud and trusting this to an external party.

Question 4

What is Big Data?

Answer 4

…. refers to very large collections of data that may be analysed to reveal patterns, trends and associations.

Question 5

Laneys 3Vs

What are the adv/disadv of VOLUME?

Answer 5

Advantage - There is a lot of data out there, gives us a better opportunity to build a detailed picture of our customers to help us plan successfully for our new product.

Disadvantage - Difficult to cope with all the data, not enough time and money to process it all.

Question 6

Laneys 3Vs

What are the adv/disadv of VELOCITY?

Answer 6

Advantage - it changes constantly, having the current picture of right now and mapping trends.

Disadvantage - The fact that it changes so quickly is a challenge, keeping pace is difficult, and the information we pull together may be out of date.

Question 7

Laneys 3Vs

What are the adv/disadv for VARIETY?

Answer 7

Advantage - The information is in a lot of different sources &a formats,allows you to build a complex multi-dimensional hologram to help plan more accurately.

Disadvantage - Trying to name and access the datas meaning is a challenge.