Data Management Flashcards
(14 cards)
What is the primary challenge organizations face in actively managing data as an asset?
Difficulty in deriving ongoing value from data.
What is the primary goal of data management within an organization?
Ensuring the privacy, integrity, and effective use of data assets.
What is emphasized regarding the nature of data in DMBOK Chapter 1?
Data is a means of representation that needs interpretation and context.
What is true regarding the value of data?
Organizations rely on data assets for effective decision-making and efficiency.
What is a key principle for data management?
Effective data management requires leadership commitment.
What is a crucial requirement for effective data management?
Leadership commitment and involvement at all levels of the organization.
What is one of the components that should be included in a data management strategy?c
Descriptions of data management roles and organizations.
What is the purpose of frameworks in data management?
To provide a comprehensive understanding of data management and show relationships between its components.
What does planning for better data involve?
Viewing data as a product and making decisions about it throughout its lifecycle.
What is a central tenet of data management?
Both data and information need to be managed, and managing them together improves their quality.
How can data be classified within a data management system?
By the type of data (e.g., transactional data, Reference Data, Master Data, Metadata)
What is the typical process for developing and finalizing goals, principles, and policies in a data governance initiative?
Data management professionals draft, Data Stewards/management review, and Data Governance Council conducts the final review
What is the purpose of using data governance scorecards in an organization?
To track compliance with data governance policies
What is a key consideration in data asset valuation?
Replacement cost of data
