What Should Organizations Do with Big Data

question 1

Multiple Choice

What should organizations do with Big Data?

• A)Analyze Big Data to provide attractive offers to customers based on their buying habits
• B)Sell the data without considering privacy issues
• C)Use the data to predict future profits
• D)Store data without putting preventive measures in place to lessen risks associated with a specific type of data,for example,credit cards

---

Definitions:

Variance

A statistical measurement of the spread between numbers in a data set, indicating how far each number in the set is from the mean.

Significantly Less

A statistical term used to indicate that one set of data is considerably lower than another with a level of statistical significance.

Variance

A statistic that measures the spread between numbers in a data set, indicating how far each number in the set is from the mean.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the members of a group differ from the mean value of the group.