Q. How can Big Data be distinguished in terms of structure, volume, and purpose?

View solution

Q. What does the attribute "velocity" refer to in the context of "Big Data"?

View solution

Q. What defines the business value of Big Data?

View solution

Q. According to McKinsey, what is the potential annual consumer surplus that can be derived from Big Data?

View solution

Q. What is one of the policy-driven actions to stimulate market growth through Big Data?

View solution

Q. Who first introduced the concept of the value chain?

View solution

Q. How has the concept of the value chain been adopted in the discipline of information and media economics?

View solution

Q. What does the cloud computing paradigm build on?

View solution

Q. What are some expected benefits of cloud computing in the context of Big Data?

View solution

Q. What are the key advantages of cloud computing compared to conventional architectures?

View solution

Q. What is one of the cost incentives driving the adoption of Big Data for analytical purposes?

View solution

Q. How does the utilization of existing resources in cloud computing affect costs?

View solution

Q. What is the "Pay-As-You-Go-Principle" in cloud computing?

View solution

Q. What contributes to the reduced complexity of IT management in cloud computing?

View solution

Q. What is identified as one of the major bottlenecks in the adoption of Big Data technologies?

View solution

Q. According to McKinsey, how many experts in the area of Big Data analytics will the US market demand by 2018?

View solution

Q. In which economic area is Big Data analytics expected to play an important role?

View solution

Q. What are some of the areas in the retail sector where added value from Big Data analytics is expected?

View solution

Q. What is the primary purpose of metadata in the context of Big Data and networked environments?

View solution

Q. What has significantly changed the nature and importance of metadata in the context of the World Wide Web?

View solution