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Subject P2: Advanced Management Accounting
CHAPTER 14 – COLLECTING AND USING INFORMATION
14.1 Which of the following statements concerning Big Data are correct?
(i) Big Data is structured and stored in consistent formats within databases.
(ii) There is a heightened risk of inaccuracy with Big Data because of the
number of different sources used to provide it.
(iii) One advantage of analysing Big Data is that the relationships identified
have certain organisational value.
(iv) Big Data refers to the storage of data in excess of one petabyte.
(v) Big Data is now streaming at such velocity that it is impossible to generate
meaningful real time analysis.
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