Unstructured Data Extracts Information from Data and Uses It to Predict

question 98

True/False

Unstructured data extracts information from data and uses it to predict future trends and identify behavioral patterns.

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Definitions:

Billing Electronically

The process of sending bills or invoices to customers through electronic means, such as email or online platforms, rather than paper mail.

Total Collection Time

The average duration it takes for a business to collect payments owed by its customers.

Zero-balance Account

A type of bank account that maintains a balance of zero by automatically transferring funds from a master account in an exact amount to cover checks presented.

As-needed Basis

A method or arrangement where resources are utilized or tasks are performed as and when required, rather than on a scheduled or continuous basis.