Dama Exam CDMP-RMD Topic 7 Question 13 Discussion

Actual exam question for Dama's CDMP-RMD exam

Question #: 13
Topic #: 7

[All CDMP-RMD Questions]

An organization's master data can be acquired from an external third-party?

ATrue

BFalse

Show Suggested Answer

Suggested Answer: A

An organization's master data can indeed be acquired from external third parties. Here's how and why:

Third-Party Data Acquisition:

Enrichment: External data sources can be used to enrich an organization's master data, providing additional details and context.

Accuracy and Completeness: Acquiring data from reputable third-party sources can enhance the accuracy and completeness of master data.

Use Cases:

Market Data: Organizations may purchase market data to complement their internal customer or product data.

Reference Data: Common reference data, such as postal codes or industry classifications, are often obtained from external providers.

Integration:

Data Integration: Master data acquired from third parties needs to be integrated into the organization's MDM system, ensuring it aligns with existing data standards and governance policies.

Data Management Body of Knowledge (DMBOK), Chapter 7: Master Data Management

DAMA International, 'The DAMA Guide to the Data Management Body of Knowledge (DMBOK)'

by Erasmo at Sep 16, 2024, 07:35 PM

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Natalie

24 days ago

Hmm, I'm going to go with B. No way I'm trusting my organization's crown jewels to a third-party. They might sell it to the highest bidder!

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Nichelle

27 days ago

False, that's a security nightmare waiting to happen. Keep that sensitive data in-house!

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Rodolfo

28 days ago

Of course it's true! Outsourcing master data is a common practice these days. What could go wrong?

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France

3 days ago

I'm not so sure about that. It could pose some security risks.

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Enola

5 days ago

A) True

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In

29 days ago

Hold up, is this a trick question? I mean, who would be crazy enough to let their master data be handled by a third-party? That's just asking for trouble!

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Deangelo

18 days ago

False

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Refugia

22 days ago

I think it's possible if the third-party is trustworthy and has strict security measures in place.

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Shasta

23 days ago

True

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Talia

1 months ago

I'm going with False on this one. Relying on external sources for master data sounds like a recipe for disaster. You can't trust anyone these days!

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Charlette

1 months ago

Haha, of course it's True! Everyone knows that outsourcing data acquisition is the way to go these days. Who needs internal data, am I right?

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Harrison

24 days ago

Outsourcing data acquisition can also help ensure data accuracy and reliability.

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Josephine

26 days ago

I agree, it's much more efficient to acquire master data from external sources.

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Erick

29 days ago

True

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Barrie

1 months ago

Hmm, I'm not sure about this one. Wouldn't the organization's master data be considered confidential and sensitive information?

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Terina

18 days ago

It really depends on the terms and conditions set by the organization and the third-party.

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Hollis

20 days ago

B) False

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Edison

22 days ago

I think it's possible if the organization has a partnership or agreement with the third-party.

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Jill

28 days ago

A) True

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Jules

2 months ago

True. While it is possible to acquire master data from external third-parties, organizations should still validate and cleanse the data to ensure its quality.

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Lanie

2 months ago

I think the answer is True. Organizations often rely on third-party data sources to complement their internal data.

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Barrett

29 days ago

B) False

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Rodney

1 months ago

That's interesting. It's important to ensure the quality and reliability of third-party data.

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Rashad

1 months ago

Yes, that's correct. Many organizations do acquire master data from external sources.

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Ira

2 months ago

A) True

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James

2 months ago

False. It is important for organizations to ensure the accuracy and reliability of their master data, which may not always be guaranteed from external sources.

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Kiley

2 months ago

True. Some organizations may choose to acquire master data from external sources for efficiency.

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