Question: Big data analytics applications enable users to develop predictive models, by analyzing large volumes of structured and unstructured data. On a broad scale, data analytics
Big data analytics applications enable users to develop predictive models, by analyzing large volumes of structured and unstructured data.
On a broad scale, data analytics technologies and techniques provide a means of analyzing data sets and drawing conclusions about them to make informed intelligent decisions.
While business intelligence (BI) queries answer basic questions about business operations and performance. Big data analytics involves complex applications with elements with accurate predictive models, statistical algorithms and what-if analyses powered by high-performance analytics
systems.
You are required to
01. Explain the concepts 'Data Mining' and 'Data Visualization' and for each concept relate them to 1 real world examples
Marks will be allocated as follows
Explaining Data mining
One Related Example
Explaining Data Visualization
One Related Example
02. Explain how Big Data can add competitive advantage to a global FMCG organization.
Marks will be allocated as follows
Explaining 4 sources of data
Explaining 4 kinds of dada to be collected
How data can be used to gain strategic advantage
03. Explain, using at least 04 examples, how Big Data can be used in "effective town planning" projects by Local Governments.
Marks will be allocated for each example
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