Define the Terms Data Management and Data Governance, and Explain

question 20

Essay

Define the terms data management and data governance, and explain how organizations are using them to address the challenges of big data.

---

Definitions:

Broadly Defined

Describes something that is regarded or classified in a very general and inclusive manner.

Substitutes

Goods or services that serve as alternatives to each other, where a rise in the price of one results in a higher demand for the other.

Market

A place or scenario where buyers and sellers interact to trade goods, services, or information, often regulated by supply and demand.

Imperfect Competition

A market structure where the conditions necessary for perfect competition are not satisfied, characterized by factors like different products and barriers to entry.