What is the term for when a company examines its data to determine if it can meet business expectations?

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What is the term for when a company examines its data to determine if it can meet business expectations?

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refers to the extent of detail within the data (fine and detailed or coarse and abstract Data Granularity
encompasses all raw facts contained within a single process and its purpose is to support daily operational tasks. Transactional Data
encompasses all organizational data, and its primary purpose is to support the performance of managerial analysis or semistructured decisions. Analytical Data
Examples of Analytical Data Future Projections, Sales Trends, Market Projection
occurs when the same data element has different values Data Inconsistency
measure of the quality of data Data Integrity
occurs when a company examines its data to determine if it can meet business expectations, while identifying possible data gaps or where missing data might exist Data Gap Analysis
the management and oversight of an organization’s data assets to help provide business users with high-quality data that is easily accessible in a consistent manne Data Stewardship
responsible for ensuring the policies and procedures are implemented across the organization and acts as a liaison between the MIS department and the business Data Steward
refers to the overall management of the availability, usability, integrity, and security of company data Data Governance
maintains data about various types of objects (inventory), events (transactions), people (employees), and places (warehouses) Database
creates, reads, updates, and deletes data in a database while controlling access and security Database Management System
tool helps users graphically design the answer to a question against a database Query by Example
Four functions that a database management system can perform on data in a database Read data, Create data, Delete data, Update data
asks users to write lines of code to answer questions against a database Structured Data Query
synonym for data element, the smallest or basic unit of data in a database Data Field
logical data structures that detail the relationships among data elements using graphics or pictures. Data Models
tool that consists of lines of code (in contrast to a graphical design) for answering questions against a database? Structured Data Query
provides details about data. Metadata
helps users graphically design the answer to a question against a database Query by Example
compiles all of the metadata about the data elements in the data model Data Dictionary
stores data about a person, place, thing, transaction, or event Entity
data elements associated with an entity Data Attributes
field that uniquely identifies a given record in a table Primary Key
three terms for the data elements associated with an entity Fields, Attributes, Columns
Three statements reflecting the business advantages of a relational database. Reduced data redundancy, Increased data security, Increased data integrity
focuses on how individual users logically access information to meet their own particular business needs Logical View of Information
time it takes for data to be stored or retrieved Data Latency
rules that help ensure the quality of data Integrity Constraints
Rules that enforce basic and fundamental information-based constraints, such as not creating an order for a nonexistent customer? Relational Integrity Constraints
rule defines how a company performs certain aspects of its business and typically results in either a yes/no or true/false answer Business Rule
enforce business rules vital to an organization’s success and often require more insight and knowledge than relational integrity constraints. Business Critical Integrity Constraints
a broad administrative area that deals with identifying individuals in a system and controlling their access to resources within that system by associating user rights and restrictions with the established identity? Identity management
compare two or more data sets to identify patterns and trends Comparative Analysis
identifies the primary location where data is collected Source Data
three reasons why operational systems are not appropriate for business analysis. Information from other operational applications is not included, Operational information is mainly current, Operational systems are not integrated
the collection of data from various sources for the purpose of data processing. Data Aggregation
a logical collection of data, gathered from many different operational databases, that supports business analysis activities and decision-making tasks? Data Warehouse
organized collection of data Data Set
contains a subset of data warehouse data Data Mart
occurs when a company keeps tabs of its competitor’s activities on the web using software that automatically tracks all competitor website activities such as discounts and new products? Competitive Monitoring
technique for establishing a match, or balance, between the source data and the target data warehouse Data Map
a storage repository that holds a vast amount of raw data in its original format until the business needs it Data Lake
an approach to business governance that values decisions that can be backed up with verifiable data Data Driven Decision Management
a business analytics specialist who uses visual tools to help people understand complex data Data Artist
technologies that allow users to “see” or visualize data to transform information into a business perspective Data Visualization
What moves beyond Excel graphs and charts into sophisticated analysis techniques such as pie charts, controls, instruments, maps, time-series graphs, and more? Data Visualization Tools
What tracks corporate metrics such as critical success factors and key performance indicators and include advanced capabilities such as interactive controls allowing users to manipulate data for analysis? Business Intelligence Dashboards
a business analytics specialist who uses visual tools to help people understand complex data Data Artist
processes and manages algorithms across many machines in a computing environment. Distributed Computing
records classified and summarized transactional data Ledger
a type of distribution ledger, consisting of blocks of data that maintain a permanent and tamper-proof record of transactional data BlockChain
Proof-of-work is a requirement to define an expensive computer calculation, also called _________, that needs to be performed in order to create a new group of trustless transactions (blocks) on the distributed ledger or blockchain. Mining
A blockchain is formed by linking ______, data structures containing a hash, previous hash, and data. Blocks
first block created in the blockchain. Genesis
What is a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions (blocks) on the distributed ledger or blockchain? Proof of Work
a function that converts an input of letters and numbers into an encrypted output of a fixed length. Hash
a way to validate transactions and achieve a distributed consensus Proof of Stake
the ability for a blockchain ledger to remain a permanent, indelible, and unalterable history of transactions. Immutability
encompasses all organizational data and its primary purpose is to support the performing of managerial analysis tasks? Analytical Data
Three unique characteristic of high-quality data Are there any duplicate customers, Are there any duplicate orders, Is each transaction and event represented only once in the data
What is it called when each transaction, entity, and event is represented only once in the data? Uniqueness
What is the term for the management and oversight of an organization’s data assets to help provide business users with high-quality data that is easily accessible in a consistent manner? Data Stewardship
Which of the following represents the different data granularities? Detail, Summary, Aggregate
Most people request real-time data without understanding that continual __________ is one of its biggest pitfalls Change
Which of the following lists include all of the five characteristics common to high-quality data? Accuracy, completeness, consistency, timeliness, uniqueness.
Which of the following is correct in reference to a database? A database can support many logical views
The example the book gave of www.EllisIsland.org, which generates more than 2.5 billion hits, is a site that offers a database that can easily adjust to handle massive volumes of data. What is this an example of? Increased scalability and performance.
Which of the following focuses on how individual users logically access data to meet their own particular business needs? Logical View
What includes invoices, spreadsheets, time sheets, and transactions? Source Data
What is a central location in which data is stored and managed? Repository
Although she does not have a background in technology, her job requires her to work with analytical tools to make data-driven decisions. To make her job easier, what can she customize to display data quickly and run custom reports? Dashboard
A process that loads data into a data warehouse, A process that extracts data from internal and external databases, A process that transforms data using a common set of enterprise definitions. ETL
What do data warehouses support? OLAP and Analytical Processing
What is the ultimate outcome of a data warehouse? Data Marts
What is the primary purpose of a data warehouse? Combine Strategic Data
In a block in a blockchain what represents the transactional data, sender, receiver, and number of coins? Data
What are the three advantages of using blockchain technology? Internet of things intergration, immutability, digital trust
In a block in a blockchain what represents blocks unique identifier like a fingerprint? Hash

What is the term for when a company examines its data to determine if it can meet business expectations while identifying possible data gaps?

A gap analysis is the process companies use to compare their current performance with their desired, expected performance. This analysis is used to determine whether a company is meeting expectations and using its resources effectively.

What is the term for the tests and evaluations used to determine compliance?

Validation is the tests and evaluations used to determine compliance with security specifications and requirements.

What is the term for the time it takes for data to be stored or retrieved?

Data latency is the time it takes for data packets to be stored or retrieved. In business intelligence (BI), data latency is how long it takes for a business user to retrieve source data from a data warehouse or BI dashboard.

What does the term data stewardship mean?

Data stewardship is the management and oversight of an organization's data assets to help provide business users with high-quality data that is easily accessible in a consistent manner.