AIDA 181 - Chapter 2: Managing Data with
100% complete solutions already passed
Basic functions of a data management program - correct answer ✔✔1. Data governance
2. Data preparation and capture
3. Data access
4. Data quality
5. Data Integration
Benefits of Data Management - correct answer ✔✔1. Increased overall efficiency (eliminates
redundancy and duplication of effort)
2. Enhanced on-demand access to data
3. Sounder decision-making
Data Governance Goals - correct answer ✔✔1. Accuracy
2. Validity
3, Timeliness
4. Completness
Data Governance - correct answer ✔✔The starting point, the set of rules and decisions for
managing data. It provides the definitions, standards, and procedures for how data should be
used and by whom. Moreover, it defines the controls and audit procedures that ensure policy
and regulatory compliance.
Data Capture - correct answer ✔✔This includes internal data entry processes to capture
accounting transactions, customer data, other operational information, and outside data
sources such as research material or financial statistics.
, Data Access - correct answer ✔✔This entails knowing where the data is and how it can be
retrieved.
Data Quality - correct answer ✔✔This involves processes to make sure data is accurate and
usable for its intended purpose.
Data Integration - correct answer ✔✔The integration of data from multiple sources, which
provides a unified view of all data. This may be as simple as financial statements being
dynamically updated each time an accounting transaction occurs.
Data virtualization - correct answer ✔✔A subset of data integration that allows users to
generate a dynamic view of data without moving it or needing temporary or intermediary
storage of it.
Data Stewards - correct answer ✔✔These are Experienced business analysts who view data as
an organization's asset; develop business rules for the IT Department's data model; and make
informed and timely decisions regarding the use of data, data quality expectations, and
information access.
Data Governance Processes - correct answer ✔✔Includes implementing policies and standards;
incorporating monitoring measures and controls; securing plans for effective communications;
establishing best practices for compliance with laws, regulations, and internal guidelines; and
handling big data. Provides guidance on approaching and managing data on a cross-functional
or enterprise-wide basis, thereby discouraging people from making decisions in silos.
Data governance committee (DGC) - correct answer ✔✔A cross-functional team established to
define, manage, and carry out the organization's data governance program. Its job is to ensure
confidentiality, usability, security, compliance, quality, and availability of data. It does so by
defining data standards, policies, and procedures involved in processing and storing data.
100% complete solutions already passed
Basic functions of a data management program - correct answer ✔✔1. Data governance
2. Data preparation and capture
3. Data access
4. Data quality
5. Data Integration
Benefits of Data Management - correct answer ✔✔1. Increased overall efficiency (eliminates
redundancy and duplication of effort)
2. Enhanced on-demand access to data
3. Sounder decision-making
Data Governance Goals - correct answer ✔✔1. Accuracy
2. Validity
3, Timeliness
4. Completness
Data Governance - correct answer ✔✔The starting point, the set of rules and decisions for
managing data. It provides the definitions, standards, and procedures for how data should be
used and by whom. Moreover, it defines the controls and audit procedures that ensure policy
and regulatory compliance.
Data Capture - correct answer ✔✔This includes internal data entry processes to capture
accounting transactions, customer data, other operational information, and outside data
sources such as research material or financial statistics.
, Data Access - correct answer ✔✔This entails knowing where the data is and how it can be
retrieved.
Data Quality - correct answer ✔✔This involves processes to make sure data is accurate and
usable for its intended purpose.
Data Integration - correct answer ✔✔The integration of data from multiple sources, which
provides a unified view of all data. This may be as simple as financial statements being
dynamically updated each time an accounting transaction occurs.
Data virtualization - correct answer ✔✔A subset of data integration that allows users to
generate a dynamic view of data without moving it or needing temporary or intermediary
storage of it.
Data Stewards - correct answer ✔✔These are Experienced business analysts who view data as
an organization's asset; develop business rules for the IT Department's data model; and make
informed and timely decisions regarding the use of data, data quality expectations, and
information access.
Data Governance Processes - correct answer ✔✔Includes implementing policies and standards;
incorporating monitoring measures and controls; securing plans for effective communications;
establishing best practices for compliance with laws, regulations, and internal guidelines; and
handling big data. Provides guidance on approaching and managing data on a cross-functional
or enterprise-wide basis, thereby discouraging people from making decisions in silos.
Data governance committee (DGC) - correct answer ✔✔A cross-functional team established to
define, manage, and carry out the organization's data governance program. Its job is to ensure
confidentiality, usability, security, compliance, quality, and availability of data. It does so by
defining data standards, policies, and procedures involved in processing and storing data.
