Which of the Following Factors Has Made Big Data Analytics

question 39

Multiple Choice

Which of the following factors has made big data analytics accessible to nearly all types of organizations?

• A)Significant improvements in storage technology
• B)Flat file organization of data
• C)Significant increase in costs
• D)Increase in the volume of business data

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Definitions:

Labor Productivity Growth

An increase in the output of goods and services per hour worked, which can lead to higher living standards and economic growth.

Real Wage

The purchasing power of wages, taking into account the impact of inflation, indicating how many goods and services wages can buy.

Nominal Wage

The wage or salary that is paid to workers in current dollars, without adjusting for inflation or purchasing power.

General Price Level

An indicator of the average prices of goods and services throughout an economy over a period of time, often used to measure inflation.