6: Using Data to Create and Preserve Value

Question 1

feedback

Answer 1

where the results of a process are gathered and then used to influence future performance (i.e. exercise control) by adjusting inputs into the process

Question 2

data extraction, transformation and loading (ETL) systems

Answer 2

these take data from an existing database, convert it to a different form and place it into a new database

Question 3

business intelligence systems

Answer 3

describes the technological architecture that extract, assemble, store and access data to provide reports and analysis

Question 4

data modelling

Answer 4

the analysis of an organisation’s data needs required to support its business processes

Question 5

data manipulation

Answer 5

the reorganisation or transformation of data to make it easier to read or meaningful

Question 6

data analysis

Answer 6

the name given to the overall process of collecting, cleansing, manipulating and modelling data to support decision-making