ExpertMedium2 marksMultiple Choice
ACCA · Question 04 · The nature, source and purpose of management information
A global logistics firm is implementing a Big Data strategy to optimize its shipping routes.
Which TWO of the following represent the 'Velocity' and 'Variety' characteristics of Big Data in this specific context?
A global logistics firm is implementing a Big Data strategy to optimize its shipping routes.
Which TWO of the following represent the 'Velocity' and 'Variety' characteristics of Big Data in this specific context?
Answer options:
A.
Storing 50 petabytes of historical shipping records.
B.
Real-time GPS tracking data streaming from thousands of trucks.
C.
Combining structured financial data with unstructured weather satellite images.
D.
Ensuring the data collected from third-party sensors is accurate and reliable.
How to approach this question
Match the definitions of the 4 Vs of Big Data: Volume (size), Velocity (speed), Variety (different formats), Veracity (accuracy).
Full Answer
Big Data is characterized by the 4 Vs. Velocity is the speed of data generation (real-time GPS). Variety is the diversity of data types (structured numbers vs unstructured images).
Common mistakes
Selecting Volume (petabytes) or Veracity (accuracy) by mistake.
Practice the full ACCA MA — Management Accounting Practice Exam 2
38 questions · hints · full answers · grading
More questions from this exam
Q01SECTION A
NovaTech, a cloud software startup, pays a monthly server hosting fee of $5,000 which ...EasyQ02A multinational healthcare provider is deciding whether to acquire a smaller regional hospital ne...EasyQ03A public utility company wants to survey its customers regarding a new pricing structure. The cus...MediumQ05The manager of a regional branch of a retail franchise has the authority to set local selling pri...EasyQ06A logistics company recorded the following maintenance costs and activity levels over the last fo...Medium