Which term is synonymous with extracting insights from data to inform business actions?

Which term is synonymous with extracting insights from data to inform business actions?

• A. Data monetization
• B. Big Data
• C. Data analytics
• D. Database uses

Answer: (C)

Data analytics is the process of examining data to uncover patterns, trends, and relationships, turning raw information into actionable insights that guide business decisions. It involves cleaning data, applying statistical methods, visualizing results, and building models to answer questions or predict outcomes. This makes it the term that best matches extracting insights from data to inform business actions. Data monetization is about turning data into revenue, Big Data describes the scale and complexity of data and the technologies to handle it, and database uses refer to how databases are employed for storage and retrieval.

Data analytics is the process of examining data to uncover patterns, trends, and relationships, turning raw information into actionable insights that guide business decisions. It involves cleaning data, applying statistical methods, visualizing results, and building models to answer questions or predict outcomes. This makes it the term that best matches extracting insights from data to inform business actions.

Data monetization is about turning data into revenue, Big Data describes the scale and complexity of data and the technologies to handle it, and database uses refer to how databases are employed for storage and retrieval.