12.7.2. Role of AI and Big Data

Try these first

1. 1.

   What is AI?

   Hint

   Consider how machines can act smart.

2. 2.

   Name one purpose of Big Data.

   Hint

   Think big and complex data.

3. 3.

   What does AI stand for?

   • Automated Improvement
   • Artificial Intelligence
   • Algorithm Intensive

   Hint

   Think about the capabilities of machines.

4. 4.

   True or False: Big Data is made up of small datasets.

   • True
   • False

   Hint

   Remember the size of the data.

5. 5.

   Describe a scenario in which a company could successfully utilize predictive analytics to enhance their decision-making process. Specify the data they might analyze and the outcomes they could expect.

   Hint

   Consider both customer behavior and seasonal trends.

6. 6.

   Analyze how the integration of machine learning and Big Data could alter traditional business models. Give examples of specific industries affected.

   Hint

   Think of industries that rely heavily on data for decisions.