ARM 401 – 4 With Solutions Verified By
Experts
Big Data Sets of data that are too large to be gathered and analyzed by traditional
methods.
Data Governance Is a framework of rules, standards and decisions for managing data. The
program set standards and oversee the management of a firm's ...
Big Data Sets of data that are too large to be gathered and analyzed by traditional
methods.
Data Governance Is a framework of rules, standards and decisions for managing data. The
program set standards and oversee the management of a firm's data assets in order to meet
quality standards and to prevent abuse.
Five Characteristics of Big Data 1. Volume
2. Variety
3. Velocity
4. Veracity
5. Value
Sources of Big Data Internal data - Owned, captured and stored by an organization.
External data - Belongs to an entity other than the entity that wishes to use it.
Internal Data Data owned by the entity that uses it.
, ARM 401 – 4 With Solutions Verified By
Experts
External Data Belongs to an entity other than the entity that wishes to use it.
Structured Data Is data organized into databases
with defined fields and links between and among
databases.
Unstructured Data Is data that is not organized and
that often consists of text, images, and nontraditional media.
Third-party data includes Geo-demographic data (classification of population), economic
data (interest rates, assets prices, exchange rates and consumer pricing index) and credit rating
Economic data. Includes interest rates, asset prices, exchange rates, and the consumer
price index
Geodemographic data Regards classifications of population groups.
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