ARM 400 Chapter 6

Question 1

What is data governance?

Answer 1

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. It also defines the controls and audit procedures that ensure compliance.

Question 2

What is data preparation and capture in regard to a data management program?

Answer 2

Includes internal data entry processes to capture accounting transactions, customer data, other operational information and outside data sources.

Question 3

What is data access in regard to a data management program?

Answer 3

This entails knowing where the data is and how it can be achieved.

Question 4

What is data quality in regard to a data management program?

Answer 4

Involves processes to make sure data is accurate and usable for its intended purpose.

Question 5

What is data integration in regard to a data management program?

Answer 5

May be as simple as financial statements being dynamically updated each time an accounting transaction occurs.

Question 6

What are some benefits of data management?

Answer 6

-Increased overall efficiency
-Enhanced on-demand access to data.
-Sounder decision making.

Question 7

What are a few of the major ways big data has changed data management? (Hint - Five Vs)

Answer 7

-Volume: Increased volume of data is available and continues to increase.
-Variety: Big data includes a high volume of structured data.
-Velocity: This is the constantly increasing speed at which data arrives. Also includes the growing rate of change of types of data.
-Veracity - This refers to the completeness and accuracy of data.
-Value: This is derived from the results of big data analysis to help organizations make better business decisions.

Question 8

Data governance goals are referred to as cornerstones because there are 4 of them. What are they? (Hint - AVTC)

Answer 8

Accuracy
Validity
Timeliness
Completeness

Question 9

Who are referred to as data custodians?

Answer 9

IT employees

Question 10

What role do data stewards play in data governance?

Answer 10

They are experienced business analysts who view data as an organization’s asset. They develop rules for the IT department’s data model as well as make informed and timely decisions about the use of data.

Question 11

What is a data governance committee?

Answer 11

A cross functional team established to define, manage and carry out an organization’s data governance program. It’s job is to ensure confidentiality, usability, security compliance , quality and availability of data.

Question 12

What are a few reasons and organization should establish a data governance committee?

Answer 12

• More efficient deployment of resources by consolidating data requests.
• Coordinated and unified data management that takes enterprise-wide needs into account.
• Timely and integrated systems allow real-time access to data by any department.
• Improved data quality through consistent naming standards, definitions and metrics.
• Stakeholder representation across the organization.

Question 13

___________is information about data and is generally attached to the data in some way. It also contains information about the business rules and data processing.

Answer 13

Metadata

Question 14

What are the 6 dimensions of stored data quality? (HINT: RORFPG)

Answer 14

Representational consistency
Organizational consistency
Record consistency
Flexibility
Precision
Granularity

Question 15

In regards to the 6 dimensions of stored data quality, define representational consistency.

Answer 15

Values for a particular data attribute have the same representation across all tables. Example - dates.

Question 16

In regards to the 6 dimensions of stored data quality, define organizational consistency.

Answer 16

There is one organization-wide table for each data element or entity and one data domain for each data attribute.

Question 17

In regards to the 6 dimensions of stored data quality, define record consistency.

Answer 17

The values in a record are internally consistent. (Example - home phone #s are code is consistent with cities location.

Question 18

In regards to the 6 dimensions of stored data quality, define flexibility.

Answer 18

The content and format of presentations can be readily altered to meet changing circumstances.

Question 19

In regards to the 6 dimensions of stored data quality, define precision.

Answer 19

Data values can be conveniently formatted to the required degree of accuracy.

Question 20

In regards to the 6 dimensions of stored data quality, define granularity.

Answer 20

Data is represented at the lowest level necessary to support all uses.

Question 21

Without proper context, errors can result, so data scientists use______________ as a governance solution to provide the _______________ needed so data can be used appropriately.

Answer 21

Metadata
Frame of reference

Question 22

_________ requires businesses to protect the personal data and privacy of EU citizens for transactions that occur within EU member states.

Answer 22

GDPR ( General Data protection regulation)

Question 23

What are some key guidelines for the GDPR regarding personal data-sharing consent?

Answer 23

-Consent is given freely.
-Consent can be given in whole or in part.
-Must be able to withdraw consent.
- Consent must be obtained to transfer personal data to another entity by the person who gave consent.
- Legal guardians must give consent for data to process for a child less than 16 years of age.
- Personal data that has been obtained must be obtainable in an easy to read format by the person who gave permission.