Big data and Scarce resource: Difference between pages

Revision as of 14:33, 18 November 2020

Economics - microeconomics.

An input to a process that is in limited supply.

For example, appropriately skilled labour, or particular raw materials.

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-Big data refers to the large volumes of historically unstructured information held by organisations.
+''Economics - microeconomics''.
+An input to a process that is in limited supply.
-Big data technology interrogates this previously unstructured information to produce more useful summarised and selected data and analysis.
+For example, appropriately skilled labour, or particular raw materials.
-For example, anti-fraud technology in banks can analyse how often bank customers log into their account, where they usually log in from, and how quickly they type in their user name and password.
 == See also ==
-*[[General Data Protection Regulation]]
+* [[Limiting factor]]
-*[[Operational risk]]
+* [[Microeconomics]]
+* [[Production possibility curves]]
+* [[Scarce resource analysis]]
+* [[Scarcity]]
-[[Category:Compliance_and_audit]]
+[[Category:Financial_management]]
-[[Category:Manage_risks]]
+[[Category:Knowledge_and_information_management]]
-[[Category:Risk_frameworks]]
+[[Category:Planning_and_projects]]
-[[Category:Technology]]
+[[Category:The_business_context]]
+[[Category:Corporate_finance]]
+[[Category:Investment]]