Big data refers to data sets that are too large or complex to handle by traditional data-processing application software. Big data apply to?Question 5Answera.Revenue allocationb.Healthcare analyticsc.targeted advertisementd.Enhanced logistics
Question
Big data refers to data sets that are too large or complex to handle by traditional data-processing application software. Big data apply to?Question 5Answera.Revenue allocationb.Healthcare analyticsc.targeted advertisementd.Enhanced logistics
Solution
Big data can be applied to all of the options mentioned.
a. Revenue Allocation: Big data can help in analyzing and predicting spending patterns, which can assist in better revenue allocation.
b. Healthcare Analytics: In healthcare, big data can be used to predict outbreak of epidemics, avoid preventable diseases, reduce costs of treatment, predict patient behavior and their adherence to medication, etc.
c. Targeted Advertisement: Big data helps advertisers to target their audience better. By analyzing the customer's behavior, likes and dislikes, buying patterns, etc., advertisers can target their audience more effectively and efficiently.
d. Enhanced Logistics: Big data can be used to optimize routes, manage inventory, predict demand, etc., thereby enhancing logistics.
So, big data can be applied to revenue allocation, healthcare analytics, targeted advertisement, and enhanced logistics.
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