The 5 Essential Components of Data Strategy

In past data was treated as a corporate asset?

True

False

Which of the following is considered under data strategy?

Storage

Replication

Integration

Deleting the unnecessary data

Data strategy is a plan created to improve data acquisition, storage, duplication, management, sharing, and usage of data.

True

False

Lack of data strategy leads to:

Using false data

Treating data as a byproduct

Replication of result

None of the above

Inconsistencies in business report is caused due to lack of business integration?

True

False

Which step is undertaken once the data is stored?

Identify

Provision

Process

Governance

Identifying the data under data strategy means:

Understanding its meaning and naming the data

To locate the data in the database

Grouping the data according their names

None of the above

Storing the data in data strategy means:

Finding a place to keep the data stored within the business

Ensuring the data is stored in a way it can be accessed and shared conveniently

Using a cloud or physical space to store the data for the user

Storing the data with the third party company to get access to it easily

Provision under data strategy means:

Creating the packages of data to ensure easy sharing and usage

Creating a rule to access the data and identify it

Sharing the data by making multiple copies for each user who needs it

Creating different set of logics and code to understand the data

Process under data strategy means:

Processing the code and decoding the meaning of the data

Processing the raw data and converting it into the data that is ready to use

Processing the data through different department of business to get data appoval

None of the above

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