IIBA Exam CBDA Topic 4 Question 29 Discussion

Actual exam question for IIBA's CBDA exam

Question #: 29
Topic #: 4

[All CBDA Questions]

Interested in ensuring that analytics continues to contribute value to the overall organization, the lead analyst suggests developing a long term plan to define how the enterprise will identify, store, manage, share, and use its data long-term. The analyst is proposing the development of a:

AData roadmap

BBusiness strategy

CData strategy

DData management plan
Explanation:
A data strategy is a long-term plan that defines how the enterprise will identify, store, manage, share, and use its data to achieve its business goals and objectives1.A data strategy aligns the data vision, mission, principles, and policies with the business strategy, and guides the data governance, data quality, data architecture, data security, data integration, data analytics, and data culture of the organization2.A data strategy helps the organization to leverage its data as a strategic asset, to create value, to improve performance, and to gain competitive advantage3.
A data roadmap is a document that outlines the specific actions, milestones, deliverables, and timelines for implementing the data strategy. A data roadmap is a tactical tool that helps the organization to prioritize, coordinate, and communicate its data initiatives, and to track its progress and outcomes. A data roadmap is not a long-term plan, but a dynamic and flexible plan that can be updated and revised as the data strategy evolves.
A business strategy is a high-level plan that defines how the enterprise will achieve its vision, mission, and goals in a competitive market. A business strategy sets the direction, scope, and value proposition of the organization, and guides its decisions on resource allocation, product development, customer segmentation, pricing, marketing, and differentiation. A business strategy is not a plan that defines how the enterprise will identify, store, manage, share, and use its data, but a plan that defines how the enterprise will create and sustain value for its stakeholders.
A data management plan is a document that describes the data that will be collected, generated, or used in a specific project, and how the data will be handled, stored, preserved, shared, and reused during and after the project. A data management plan is a operational tool that helps the project team to comply with the data policies, standards, and best practices of the organization, and to ensure the quality, integrity, security, and accessibility of the dat
a.A data management plan is not a long-term plan, but a project-specific plan that can be modified and updated as the project progresses.

Show Suggested Answer

Suggested Answer: B

The Gaussian distribution, also known as the normal distribution, is a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean. In graph form, the Gaussian distribution will appear as a bell curve, which is the case with option A. It is characterized by its bell-shaped curve and is defined by the mean () and the standard deviation (). It is a common assumption for the distribution of independent, randomly generated variables.

by Rima at Jan 10, 2025, 03:46 PM

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Aleisha

16 days ago

A data management plan seems a bit too narrow for this scenario. We need a higher-level plan to guide the organization's data initiatives, not just a project-specific plan.

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Verona

17 days ago

Haha, I'm glad they didn't go with 'Business strategy' as the answer. That would be like trying to build a house without any plans for the plumbing or electricity!

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Shalon

29 days ago

The data strategy sounds like the most comprehensive option here. It covers all the key aspects of data management that the lead analyst is proposing.

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Nana

3 days ago

B: Definitely, having a clear plan in place for identifying, storing, and using data is crucial for the organization.

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Judy

19 days ago

A: I agree, a data strategy seems like the best option to ensure long-term success with data management.

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2 months ago

I think the lead analyst is suggesting developing a data roadmap.

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