ExpertMedium2 marksMultiple Choice
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?
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'.
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