Fundamentals of Business Intelligence (FBI) Practice Exam 2025 – Your All-in-One Guide to Mastering Business Intelligence!

Question: 1 / 400

What defines a "data strategy"?

A plan to reduce data costs

A5 three-step approach to data visualization

A comprehensive plan for data management and utilization

A "data strategy" refers to a comprehensive plan for data management and utilization. This encompasses how an organization collects, stores, analyzes, and utilizes data to drive decision-making and create value. A successful data strategy aligns with business objectives and includes elements such as data governance, data architecture, and the integration of data across various systems.

The focus on management and utilization indicates that a data strategy is not simply about obtaining or collecting data but also involves ensuring that the data is organized and leveraged effectively for insights and actions. This holistic approach is crucial for organizations aiming to harness data as a strategic asset.

In contrast to the other choices, which either narrow the scope of data strategy to specific components or functions, the comprehensive nature of option C captures the multi-faceted approach required for effective data management in today’s data-driven environment.

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A set of tools for data collection only

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