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Master data management (MDM) is the practice of gathering data and ensuring that it is uniform, accurate, consistent, and complete, including such entities as customers, suppliers, products, sales, employees, and other critical entities that are commonly integrated across organizational systems. MDM is commonly included in data governance.

Which of the following would not be considered part of the timely characteristic of high-quality information?

The financial industry uses business intelligence to predict hardware failures.

Integrations allow separate systems to communicate directly with each other, eliminating the need for manual entry into multiple systems.

Within the data warehouse model, the internal databases could include marketing, sales, inventory, and billing.

Which of the following would not be considered part of the accuracy characteristic of high-quality information?

Data-mining tools use a variety of techniques to find patterns and relationships in large volumes of information that predict future behavior and guide decision making.

Timely information asks if each transaction and event is represented only once in the information.

Variety includes different forms of structured and unstructured data.

What is the term for when a company examines its data to determine if it can meet business expectations, while identifying possible data gaps or where missing data might exist.