SEEM2460 Introduction to Data Science Assignment 1 solved

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Question 1
Think of an industry or application, describe:
(i) the data that is generated and accumulated (please describe the volume, variety,
velocity and veracity of the data. Please provide references and citations where
appropriate); and
(ii) how you may derive value from such data (please describe the processes of
deriving value, provide quantification where possible, and furnish with references
and citations where appropriate).
We do not set a word limit. One or two pages should be sufficient for a clear description and
explanation with cited references.
END