Data-Driven Decision - Making Updated Exam Questions And Answers Complete Document For Study

Data-Driven Decision - Making UPDATED EXAM QUESTIONS AND ANSWERS COMPLETE DOCUMENT FOR STUDY Data-driven decision making An organizational process to gather and analyze relevant and verifiable data and then evaluate the results to guide business strategies. Metadata The data about data provides context for analyzing transaction facts with efficient structures for grouping hierarchical information. Data governance committee A cross-functional team that oversees data governance for an organization to ensure that its data is managed effectively. Data lineage A thorough and systematic data quality process that traces data from its source to its destination to identify errors, inaccuracies, or inconsistencies. Quantitative Based on numerical values or other units of measurement. Qualitative Based on some quality or characteristic rather than on measured value. Transactional dataQuantification of a sequence of events in which an external event causes changes that are reflected in a database's new records and stored values. Interval scale measurement A numeric expression whose potential values are separated at equal intervals on a continuum. Ratio scale measurement Expression of a value's position on a continuum with other values relative to zero. Snapshot data Depiction of a database's contents precisely as they existed at a particular moment. Premium The price of the