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    PracticeACCAACCA BT — Business & Technology Practice Exam 3Question 14
    Medium2 marksMultiple Choice
    Business & TechnologyBig DataTechnologySyllabus C

    ACCA · Question 14 · Business & Technology

    Section A

    "AlgoTrade" is a financial firm that uses Big Data analytics to process millions of stock market price fluctuations every single second to make automated trading decisions.

    Which of the 'Vs' of Big Data is most prominently highlighted by AlgoTrade's need to process millions of fluctuations per second?

    Answer options:

    A.

    Volume

    B.

    Variety

    C.

    Velocity

    D.

    Veracity

    How to approach this question

    Focus on the phrase 'every single second'. This relates to speed.

    Full Answer

    C.Velocity✓ Correct
    In Big Data, Velocity refers to the unprecedented speed at which data is generated and the necessity to process it in real-time or near real-time, which is critical for algorithmic trading.

    Common mistakes

    Choosing Volume because 'millions' is mentioned, missing the critical context of 'per second'.
    Question 13All questionsQuestion 15

    Practice the full ACCA BT — Business & Technology Practice Exam 3

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