BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Connected Clouds
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Data Governance and Trust
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Predictive and Prescriptive Analytics Tools
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Data Discovery
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Detailed explanation-1: -Specifically, there are four major pillars to keep in mind for good data management: Strategy and Governance, Standards, Integration, and Quality. Most importantly, in order to be data-driven, an organization must embrace data as a corporate asset.
Detailed explanation-2: -Data governance is important because it brings meaning to an organization’s data. It adds trust and understanding to an organization’s data through stewardship and a robust business glossary, thus accelerating digital transformation across the enterprise.
Detailed explanation-3: -Data governance is a principled approach to managing data during its life cycle, from acquisition to use to disposal. Every organization needs data governance. As businesses throughout all industries proceed on their digital-transformation journeys, data has quickly become the most valuable asset they possess.
Detailed explanation-4: -Big Data governance refers to the management of huge volumes of an organization’s data, exploiting it in the organization’s decision-making using different analytical tools. Big Data emergence provides great convenience, but it also brings challenges.