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AIDA 181 UPDATED Actual Exam Questions and CORRECT Answers

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AIDA 181 UPDATED Actual Exam Questions and CORRECT Answers big data - CORRECT ANSWER- sets of data that are to large to be gathered and alayszed by traditional methods 5 Vs of big data - CORRECT ANSWER- volume variety velocity veracity value volume - CORRECT ANSWER- far larger (consumes ...

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  • September 15, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • AIDA
  • AIDA
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MGRADES
AIDA 181 UPDATED Actual Exam
Questions and CORRECT Answers
big data - CORRECT ANSWER- ✔✔sets of data that are to large to be gathered and alayszed
by traditional methods


5 Vs of big data - CORRECT ANSWER- ✔✔volume


variety


velocity


veracity


value


volume - CORRECT ANSWER- ✔✔far larger (consumes more storage space) than
traditional data stores


variety - CORRECT ANSWER- ✔✔much of the data exists in multiple unstructured (this is
defined later) formats


velocity - CORRECT ANSWER- ✔✔speed at which the data arrives and the rate of evolution



veracity - CORRECT ANSWER- ✔✔the completeness and accuracy is far less traditional
data


value - CORRECT ANSWER- ✔✔- potential is large but requires sophisticated data science
techniques to extract the value


text mining - CORRECT ANSWER- ✔✔obtaining info through language recognition

,data mining - CORRECT ANSWER- ✔✔analysis of large amounts of data to find new
relationships and patterns that will assist in developing business solutions


telematics - CORRECT ANSWER- ✔✔The use of technological devices in vehicles with
wireless communication and GPS tracking that transmit data to businesses or government
agencies; some return information for the driver


Internet of things


examples - CORRECT ANSWER- ✔✔network of options that transmit data to computers


tvs, refrigerators


machine learning - CORRECT ANSWER- ✔✔AI in which computers continually teach
themselves to make better decisions on previous results and new data


Artificial intelligence - CORRECT ANSWER- ✔✔compute processing/output that simulates
reasoning or knowledge


why do tech companies use AI - CORRECT ANSWER- ✔✔Tech companies use this to
"Solve problems or to introduce new products"


data science - CORRECT ANSWER- ✔✔An interdisciplinary field involving the design and
use of techniques to process very large amounts of data from a variety of sources and to
provide knowledge based on the data


structured data


example - CORRECT ANSWER- ✔✔data organized into databases with defined fields,
including links between databases


Microsoft Access

, unstructured data - CORRECT ANSWER- ✔✔Data that is not organized into predetermined
formats. Such as databases, and often consists of texts, images, or other nontraditional media


internal data


examples - CORRECT ANSWER- ✔✔data that is owned by an organization


premium records, adjuster photos


external data - CORRECT ANSWER- ✔✔Data that belongs to an entity other than the
organization that wishes to acquire and use it


describe economic data in terms of external data - CORRECT ANSWER- ✔✔Data regarding
interest rates, asset prices, exchange rates, the Consumer Price Index, and other information
about the global, the national or a regional economy


geodemographic data - CORRECT ANSWER- ✔✔data regarding classifications of a
population


what is the motto for data quality - CORRECT ANSWER- ✔✔garbage in - garbage out



list some examples of typical data quality problems - CORRECT ANSWER- ✔✔missing
data / NULL values


duplicate records


default values rather then actual values


ways to detect data quality problems - CORRECT ANSWER- ✔✔descriptive statistics


data cubes

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