Big Data Is a Collection of Large Complex Data Sets

question 123

True/False

Big data is a collection of large complex data sets, including structured and unstructured, which cannot be analyzed using traditional database methods and tools.

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Definitions:

High-value Customers

High-value customers are individuals or entities that generate a significantly higher profit margin or revenue for a business compared to the average customer.

Low-value Customers

Customers who contribute minimally to a company's profitability, often requiring more resources than they generate in revenue.

Arbitrage

The practice of buying and selling assets in different markets or forms to profit from differing prices for the same asset.

Predatory Pricing

A strategy where a firm sets prices below cost with the intention of driving competitors out of the market, and then possibly raising prices to higher levels once competition is reduced.