What are the characteristics of big data? Explain how big data could be used to show that learning influences business outcomes.
What will be an ideal response?
Big data refers to complex datasets developed by compiling data across different organizational systems, including marketing and sales, HR, finance, accounting, accounting customer service, and operations. Three dimensions characterize big data: volume, variety, and velocity.
• Volume refers to the amount of available data.
• Variety includes the large number of sources and types of data.
• Velocity refers to the huge amount of data that is being generated and the speed with which it must be evaluated, captured, and made useful.
Data can be used from different sources to demonstrate relationships between learning and business outcomes, such as data from employee records, learning and performance management systems, and customer relationship management systems. The goal is to merge the data from these sources to show that employees who attended training had positive influence of different metrics.
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