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What Is Big Data? How Does It Provide Business Value

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What is big data? How does it provide business value?


Definitions:

Supplier Cost Structure

Refers to the detailed composition of costs that a supplier incurs, including direct, indirect, fixed, and variable costs, to provide goods or services.

Learning Curve

The concept that describes how new skills or knowledge can be acquired more efficiently over time with practice and experience.

Direct Labor Costs

Expenses related to the work of employees who are directly involved in the production of goods or the delivery of services.

Portfolio Analysis

A systematic process of evaluating the elements of a portfolio, assessing their performance, risk, and interrelations, to inform strategic decisions and optimize returns.

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