Please help with Part II Analytics mindset $-$OSU$-$P$-$Card case. $-------$A$.$ need help with answers to questions related to the four V$\text{'}$s $($variety$,$ velocity, veracity, and volume$)$; One framework for understanding data is to consider the four Vs of data: variety, velocity, veracity and volume. Here are a few examples of important questions to consider when evaluating the four Vs of data.

$$ Variety $$ different forms and formats of the data

$$ Are all of the data set formats the same? Do they need to be the same for your analysis? Do all fields contain the same labels? Does the data with similarly titled labels contain the same

type of data?

$$ Are all of the data formats the same? Do they need to be the same for your analysis?

$$ How are the files delimited? Are there any extra delimiters that may cause problems when

importing? What strategies can you take to deal with any of these challenges?

$$ Are formats consistent for all entries in a field?

$$ Is the data structured or unstructured? What transformation would need to happen to any

unstructured data to make it possible to analyze?$-====$ Velocity $$ frequency of incoming data that needs processing.

Is your analysis performed on $$live$$ data or only on historical data?

$$ How often will you be updating this analysis? How automated should the analysis be$?$

$$ Veracity $$ trustworthiness of the data

$$ Is the data you have complete? Do the data files you received contain all transactions? Are all of

the data fields complete for each year and do the files contain all of the same data for each year?

$$ Does the data contained in the data files accurately represent the economic transactions?

$$ What human judgment went into establishing the data?

$$ Volume $$ the amount or scale of data

$$ Should you include data for all years?

$$ Should you include data from all entities in Oklahoma or only for OSU?

$$ Are all fields relevant to your analysis?

$$ How many rows will you need to import? What tools can handle this quantity of data?

Required

$$ Review the data and prepare responses to the questions above related to the four Vs$.--------------$ P$-$cards are a business credit card that some employees are permitted to use to purchase necessary goods and services. If employees agree to certain rules, they can then use a P$-$card to make appropriate business purchases rather than using their own credit card. This allows the employee to avoid spending personal funds and seeking reimbursement. It also provides the business with greater control because the business can institute internal controls to limit types of purchases and avoid inefficient and fraudulent transactions. Organizations also can track spending using detailed P$-$card records provided by the credit card companies.