Data-Management-Definition---ans-✔✔Is-the-development,-execution-and-supervision-of-
plans,-polices-programs-and-practices-that-deliver-control-and-enhance-the-value-of-data-
and-information-assets-throughout-their-life-cycles.
Data-and-Information-Has-been-Called---ans-✔✔The-currency,-the-new-oil-of-the-
information-economy
Failure-to-Manage-Data---ans-✔✔Is-similar-to-failure-to-manage-capital.-It-results-in-waste-
and-loss-of-opportunity
Data-as-an-Economic-Asset---ans-✔✔An-asset-is-an-economic-resource-that-can-be-
owned-or-controlled-and-that-holds-or-produces-value.-Can-be-converted-to-money
Data-Management-Requires-Understanding---ans-✔✔Unique-Properties,-Should-be-
expressed-in-economic-terms,-managing-quality-is-key,-it-takes-metadata-to-manage-data
Data-Differs-from-Other-Assets---ans-✔✔Not-Tangible,-durable,-can-be-used-multiple-
times
What-is-Metadata?---ans-✔✔Describes-what-data-an-organization-has,-what-it-represents-
and-how-it-is-classified,-where-it-came-from,-how-it-moves-within-the-organization,-how-it-
has-evolved-through-use,-who-can-use-and-cannot-use-it-and-its-quality-level.
Data-Life-Cycle---ans-✔✔Plan,-design-and-enable,-create/obtain,-store/maintain,-and-
dispose-of-or-use-enhance-and-repeat
Managing-Data-SDLC---ans-✔✔Data-quality-must-be-managed-throughout-the-data-life-
cycle,-metadata,-data-security,
Data-Life-cycle-Challenges---ans-✔✔Data-is-created-in-many-places-through-operational-
processes,-interactions-and-organizations-do-not-have-explicit-standards-of-quality
Impact-of-Technology---ans-✔✔Orgs-need-to-understand-the-impact-of-tech-on-data-and-
data-on-technology