An organization wants to implement a system where metadata from various data sources is consolidated, cataloged, and made searchable. What kind of solution should they look into?
- Data Integration
- Data Mining
- Data Warehousing
- Master Data Management (MDM)
To achieve the consolidation, cataloging, and searchability of metadata from various sources, the organization should consider implementing a Master Data Management (MDM) solution. MDM ensures the consistency and accuracy of core data elements, making them accessible and reliable for various business processes.
Which of the following is NOT typically a characteristic of Big Data?
- Validation
- Variety
- Velocity
- Volume
Validation is not typically considered a characteristic of Big Data. Big Data characteristics are often described using the "3 Vs" – Volume, Velocity, and Variety, which represent the scale, speed, and diversity of data in Big Data environments.
In which type of modeling would you expect to see concepts like "entities" and "relationships" without considering implementation details?
- Conceptual Modeling
- Implementation Modeling
- Logical Modeling
- Physical Modeling
"Entities" and "relationships" are terms associated with conceptual modeling. Conceptual models focus on high-level abstractions and relationships between data entities without considering implementation-specific details. It serves as the initial step in designing a database or data warehouse.
What is the primary purpose of an ERP system?
- Automating Sales
- Integrating Business Functions
- Inventory Management
- Managing Customer Relationships
The primary purpose of an ERP system is to integrate various business functions and processes across an organization into a unified system. This integration enables seamless data sharing and collaboration among different departments, leading to improved efficiency and decision-making.
A finance company wants to predict the likelihood of a loan applicant defaulting on a loan based on historical data of its past clients. What approach in predictive analytics would be most suitable?
- Association Rules
- Classification
- Clustering
- Time Series Analysis
The most suitable approach in predictive analytics for predicting the likelihood of a loan applicant defaulting on a loan is classification. Classification models are designed to assign categories or labels to data, which in this case would be to categorize loan applicants as either likely to default or not based on historical data. This is a common use of predictive analytics in risk assessment.
A company's ETL process is experiencing performance bottlenecks during the transformation phase. They notice that multiple transformations are applied sequentially. What optimization strategy might help alleviate this issue?
- Data Deduplication
- Optimizing Data Storage
- Parallel Processing
- Vertical Scaling
To alleviate performance bottlenecks in the ETL process during the transformation phase, the company should consider implementing parallel processing. Parallel processing allows multiple transformations to occur simultaneously, which can significantly improve ETL performance by utilizing available system resources more efficiently. It reduces the time taken to complete the transformation phase.
_______ involves predicting future data warehouse load or traffic based on historical data and trends to ensure optimal performance.
- Capacity Planning
- Data Encryption
- Data Integration
- Data Modeling
Capacity planning in data warehousing involves predicting the future data warehouse load or traffic based on historical data and trends. This process helps ensure that the data warehouse infrastructure can handle increasing demands and maintain optimal performance.
A retail company wants to analyze the purchasing behavior of its customers over the last year, segmenting them based on their purchase frequency, amounts, and types of products bought. What BI functionality would be most suitable for this task?
- Data Integration
- Data Mining
- ETL (Extract, Transform, Load)
- OLAP (Online Analytical Processing)
The most suitable BI functionality for analyzing and segmenting customer purchasing behavior is Data Mining. Data Mining involves uncovering patterns, trends, and insights within large datasets, making it ideal for tasks like customer segmentation based on various factors.
A company is implementing stricter security measures for its data warehouse. They want to ensure that even if someone gains unauthorized access, the data they see is scrambled and meaningless. What approach should they take?
- Data Anonymization
- Data Encryption
- Data Masking
- Data Purging
To ensure that even if someone gains unauthorized access, the data they see is scrambled and meaningless, the company should take the approach of data anonymization. Data anonymization involves transforming data in a way that removes any identifying information, making it nearly impossible for unauthorized users to make sense of the data, even if they access it.
A retail company wants to analyze the past 10 years of transaction data to forecast future sales. They are considering big data solutions due to the volume of data. Which storage and processing model would be most suitable?
- Data Warehousing
- Hadoop Distributed File System (HDFS)
- NoSQL Database
- Relational Database
For handling vast volumes of data and conducting complex analytics, a big data solution like Hadoop Distributed File System (HDFS) is well-suited. It can store and process large-scale data efficiently, making it ideal for analyzing extensive historical transaction data.