ADM 1370 Study Guide - Quiz Guide: Unique Key, Data Mart, Digital Asset Management
6 Feb 2015
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Document Summary
Data: raw facts that describe the characteristics of an event. Information: data converted into a meaningful and useful context: ex: data- shares exchanged in the stock market, information- how did a particular stock perform. Database: maintains information about various types of objects (inventory), events (transactions), people (employees) and places (warehouses) Transactional data: receipt, airline ticket, packing slip etc. Analytical information: product statistics, sales projections, future growth, trends etc: executives (analytical) managers analysts (transactional) Data management: a structured approach for capturing, storing, processing, integrating, distributing, securing, and archiving data effectively through their lifecycle: data sources/ databases data storage data analysis results solutions. Data principles: principle of diminishing data value: the value of data diminishes as it ages; recent. What is the goal of data management: provide infrastructure and tools to transform raw data into high quality usable info. Why does data management matter: no enterprise can be effective without high quality data that is accessible when needed.
