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The main distinction between big data and traditional data lies in the infrastructure required to handle them. Big data involves massive volumes of data, high velocity, and variety, often requiring scalable and distributed storage systems like Hadoop or cloud-based databases. Traditional data, typically smaller in volume and simpler in structure, can be managed with conventional databases like SQL without additional processing tools. Big data analytics also often demands parallel processing capabilities (e.g., MapReduce), given the data’s complexity. This difference in required infrastructure and technology is essential for data analysts as it dictates the tools, processing time, and resources needed for analysis. The other options are incorrect because: • Option 1 is incorrect as big data encompasses diverse data types, including categorical, numerical, text, and multimedia. • Option 2 is incorrect; big data is used by organizations of all sizes, depending on the data volume and business needs. • Option 4 is partially correct; while big data often supports real-time analytics, traditional data can also be analyzed in real time depending on the system setup. • Option 5 is incorrect; both big and traditional data require cleaning to ensure accuracy and reliability.
As per the KYC related guidelines given by RBI, which of the following is required for conducting V-CIP (Video-Based Customer Identification Process)?
Which of the following risks are associated with Banking Sector?
A Debenture of face value of Rs.500 is currently quoting at Rs.530. The duration of the debenture is 3 years. The market interest rates moved from 4.5%...
Which of the following Statements is/are True?
I- AT-1 bonds are a type of unsecured, perpetual bonds.
II- The return on AT-1 bonds is u...
_______ is the entit y that was formed to identify and check fraudulent activity in lending transactions against equitable mortgages .
What will be the impact on the portfolio’s systematic risk with the increase in the number of stocks in a portfolio?
The price of a forward or futures contract:
Which of the following best describes the primary role of the Central KYC Records Registry (CKYCR)?
Which of the following is identified as “ beneficial owner” for a company , u nder the RBI’s KYC guidelines ?
Which of the following statement concerning credit risk is incorrect?