Data Science Terms: Warehouses, Big Data, Structured & Unstructured Data, Mining, Analytic, Quizzes of Introduction to Business Management

Download Data Science Terms: Warehouses, Big Data, Structured & Unstructured Data, Mining, Analytic and more Quizzes Introduction to Business Management in PDF only on Docsity! TERM 1 Data warehouses DEFINITION 1 vast digital repositories where data is recorded and stored electronically TERM 2 Big Data DEFINITION 2 data sets so large that traditional methods of storage and analysis are inadequate TERM 3 Structured Data DEFINITION 3 Data contained in relational databases and data tables TERM 4 Semi-structured data DEFINITION 4 data collected from social media or digital devices TERM 5 Unstructured data DEFINITION 5 data collected from voice, video, or picture TERM 6 Transactional Data DEFINITION 6 data collected for recording the companies transaction TERM 7 data mining DEFINITION 7 to make decisions and predictions (aka predictive analysis) TERM 8 Business Analytics DEFINITION 8 any use of data and statistical analysis to drive business decisions from data whether the purpose is predictive or simply descriptive TERM 9 Data DEFINITION 9 the information in raw unorganized form that can be input, stored, processed and output by computers. TERM 10 Why companies collect data? DEFINITION 10 understand their customers' purchase intention & behavior use to analyze customers' pattern to provide customized service predict customers future needs