Define big data and data mining

Assignment Help Management Theories

Reference no: EM133216156

Question: TED Ed - There is a mind-boggling amount of data floating around our society. Physicists at CERN have been pondering how to store and share their ever more massive data for decades - stimulating globalization of the internet along the way, whilst 'solving' their big data problem. Tim Smith plots CERN's involvement with big data from fifty years ago to today.

Define big data and data mining.

What purpose does collecting huge amounts of data serve?

Consider Twitter. Do you believe big data is accurate and reliable? Why or why not?

What type(s) of sampling methods could be used with big data?

Name & explain two types of sampling methods.

Name & explain four types of sampling errors.

Has collecting big data been helpful for businesses? Why or why not?

What do you see happening in the future with big data?

Reference no: EM133216156

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