Part I: One of the following statements best describes the role of the parameter velocity in Big Data. Identify that statement from the choices below:

a. The speed of data collection that is now possible may allow a company to respond in real-time (or near real-time) to market opportunities.

b. The velocity of page updates on social media [such as Facebook, Twitter, etc.] allows automated web crawlers to continuously monitor the changing relationship between data elements.

c. Powerful databases connected to sturdy telecommunication links allow multimedia data to be exchanged quickly.

d. The cost of transmission of large datasets has dropped considerably over the last 2 years, allowing swift transmission of data across the globe.

Part II: One of the following statements best describes the role of the parameter variety in Big Data. Identify that statement from the choices below:

a. Advances made in telecommunication allow for a variety of media types - text, audio, video, images - to be encrypted and exchanged between multiple platforms.

b. Reading from sensors, GPS signals from cellphones and other entities, images posted on social media, messages, and other notifications on a variety of forums can all be combined to help extract patterns and possible associations between different factors that could be of value of to business.

c. The ubiquitous reach of the Internet and the falling cost of data transmission mean that a variety of different data types can be encrypted and exchanged not only between corporations, but also between individuals anywhere on the globe.

d. Big data is no longer restricted to numeric data [in the form of numbers], but it also extends to other data types, such as videos, audios, images, that can be all be processed using a very small set of powerful computational platforms.