Variety-volume-velocity and veracity

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1. Describe each of the four V’s of data analytics: variety, volume, velocity, and veracity.

2. Imagine that a national chain of grocery stores regularly administers customer satisfaction surveys and analyzes the results to evaluate the performance of individual store locations. Briefly give an example or description of the data, information, and knowledge that would result from these surveys.

3. What is the goal of business process reengineering (BPR)? Explain why simply applying IT to manual or outdated processes -- instead of reengineering those processes -- will not optimize them.

Reference no: EM132300249

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