Data Driven Business Transformation

GLOSSARY OF TERMS

Analytics

The discovery, communication and interpretation of meaningful patterns in the data

Assurance

Activities to measure confidence in a given process, framework or data set

Audit

An exercise to determine compliance against governance documents and policies

Big data

Data sets that are so large and complex that traditional software can't deal with them efficiently. They have ‘big’ characteristics of three of the five Vs of data: volume, variety and velocity, (the other two being veracity and value)

Compliance

Adherence to requirements such as regulatory compliance

Data

A fact and a base component

Data architecture

One of the four enterprise architectures: a discipline focused on the models and policies that describe how data is structured, looked after and used

Data cleansing

The process of detecting and correcting corrupt or inaccurate records

Data dictionary

A catalogue and definition of all data elements

Data governance

The processes and framework that ensure important data assets are managed appropriately

Data lake

A single source/store of all the data within an organisation, often held as unstructured data

Data lineage

Describes where the data comes from, what happens to it and where it moves over time, often mapped between systems, applications or data stores

Data migration

The process of transferring data between storage types or systems

Data warehouse

A central repository of integrated data from disparate sources

Digital

The electronic technology that generates ...