More Data, Coming in Faster and Requiring Immediate Conversion into Decisions

question 23

Essay

More data, coming in faster and requiring immediate conversion into decisions, means that organizations are confronting the need for real-time data warehousing (RDW). How would you define real-time data warehousing?

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Definitions:

Profit

The financial gain obtained when revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.

Stockholders

Individuals or entities that own shares in a corporation, giving them certain rights regarding the company's management and profits.

Owners

Individuals or entities that possess legal rights and responsibilities over a project, business, or asset.

Scope Document

A scope document outlines the aims, deliverables, boundaries, and methods of a project, serving as a foundational agreement between stakeholders on what the project will accomplish.