What differentiates big data from traditional data

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Reference no: EM132159750

1. Applying the descriptive approach is...

A. When an insurer or risk manager is deciding what type of computer technology to purchase.

B. When an insurer or risk manager has a specific problem.

C. Repeatedly to provide information for data-driven decision making.

D.To process information received from the Internet of Things.

2. The first step in a decision-making model is to...

A. Prepare the data.

B. Purchase the technology.

C. Assign a data scientist.

D. Define the problem.

3. What differentiates big data from traditional data?

A. Structure.

B. Velocity.

C. Privacy.

D. Fraud.

4. A predictive approach to data analytics involves...

A. Providing information to solve a particular problem.

B. Providing a method to be used repeatedly to provide information.

C. Providing sensors that predict accidents.

D. Providing a computer program to gather information from the Internet.

5. Insurers process_________ of their available structured data.

A. A low percentage.

B. A medium percentage.

C. A high percentage.

D. A variable percentage.

6. What is an example where both insurers and risk managers can use data science to improve their results through data-driven decision making?

A. Discovering new relationships in data.

B. Determining prior year losses at a particular location.

C. Providing human analysis of data.

D. Using industry data in addition to the organization's own data.

Reference no: EM132159750

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