An organization is transforming their raw data into a format that can be used to derive business insights. Which step of the data value chain does this action represent?
D. Data processing
Data processing refers to the step in the data value chain where raw data is transformed into a usable format that can be analyzed for business insights. This process may involve cleaning, aggregating, filtering, or converting the data into a structured format, making it ready for analysis.
Here's why, in this case, the other steps are incorrect:
A. Data analysis: This step comes after processing and involves extracting insights from the processed data using statistical or machine learning techniques.
B. Data collection: This step involves gathering raw data from various sources, but it has not yet been transformed into a usable format.
C. Data storage: This refers to the step where data is stored in databases, data lakes, or other storage systems, but it's not yet processed for analysis.
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joshnort
3 months, 2 weeks ago