Data Flashcards
How do you verify and approve data changes in your internal database?
Data changes are verified through a multi-step process that includes initial validation checks, peer reviews, and approval from a data governance committee. Automated tools may also be used to flag inconsistencies or errors before final approval.
Example sentence: The data changes were thoroughly verified and approved before being implemented in the internal database.
How do you ensure the accuracy of the data in TRIANA?
Ensuring accuracy in TRIANA involves regular data audits, cross-referencing with source documents, and implementing validation rules within the system to catch and correct errors in real-time.
Additional information: TRIANA is a software system used for data management and analysis.
What checks do you carry out to check the data complies with Data Protection legislation?
Compliance checks include ensuring data is anonymized where necessary, conducting regular audits, implementing access controls, and ensuring data processing activities are documented and align with GDPR and other relevant legislation.
Example sentence: The data protection checks were thorough and in compliance with all relevant legislation.
What format does your report to the client comprise?
Client reports typically include an executive summary, detailed findings, data visualizations (charts and graphs), and actionable recommendations. The format is often a PDF document, but can also be presented in interactive dashboards.
Additional information: The report format may vary based on client preferences and requirements.
What are the disadvantages in using a system like TRIANA?
Disadvantages may include high implementation and maintenance costs, the need for specialized training, potential integration issues with other systems, and the risk of data breaches if not properly secured.
Example sentence: Despite its benefits, using TRIANA also poses certain disadvantages that need to be addressed.
What information would you find in a data room?
A data room typically contains confidential documents such as financial statements, legal contracts, property records, and due diligence reports. It may also include operational data, employee records, and strategic plans.
Example sentence: The data room was filled with a variety of confidential documents and reports.
Have you had any experience in building a data room?
Yes, building a data room involves organizing and securing sensitive documents, setting up access controls, and ensuring the platform is user-friendly for stakeholders. It also includes regular updates and audits to maintain data integrity.
Additional information: Experience in building a data room demonstrates expertise in data management and security.
Once a project deal is completed – what happens to the data?
After a project deal is completed, data is archived according to retention policies. Sensitive data may be anonymized or securely deleted, while essential records are stored for future reference and compliance purposes.
Example sentence: The data from the completed project was archived and retained for future reference.
How long are you required to keep this data for?
Data retention periods vary based on legal requirements and company policies, but typically range from 5 to 10 years. Specific retention periods are determined by the type of data and regulatory obligations.
Additional information: Data retention policies ensure compliance with data protection laws and regulations.
Where does your data get stored after use?
Data is stored in secure, encrypted databases, often in cloud storage solutions that offer high availability and disaster recovery options. Access is restricted to authorized personnel only.
Example sentence: The data was securely stored in encrypted databases for future access and security.
