Question

Which of the following refers to sophisticated analysis techniques to take advantage of the massive amount of transaction information now available?

Option 1: Data mining.
Option 2: Predictive analytics.
Option 3: Machine learning.
Option 4: Big data analytics.

Answer 1

The correct answer is Option 4: Big data analytics.

Step-by-step explanation:

The correct answer to the question is Option 4: Big data analytics. Big data analytics refers to the sophisticated analysis techniques used to take advantage of the massive amount of transaction information now available. With the exponential growth of data deposited in various databases, computer algorithms and statistical analyses are used to analyze and interpret the data. This field of data research, sometimes referred to as 'in silico' research, combines biology and computer science and presents a promising career opportunity.