Which statement about data management is false?

Study for the Profitability and Cost Management Cloud Test. Use flashcards and multiple choice questions, each with hints and explanations. Boost your preparation!

The statement regarding data management being used only by IT is incorrect. In modern business environments, data management has broadened beyond just IT departments and is now a collaborative effort involving various stakeholders. This includes business analysts, operations teams, and decision-makers who utilize data for insights and informed decision-making. Effective data management practices are essential for organizations to ensure high-quality data that supports analytics, reporting, and strategic planning across multiple business units.

The other options reflect accurate aspects of data management. Collecting and mapping data with validation is a core function of data management, ensuring the integrity and reliability of data. Describing it as a "lighter" version of an on-premise solution suggests that cloud-based data management can be more user-friendly and accessible, allowing organizations to leverage data management without the complexities of traditional systems. Lastly, the storage of source records in a relational repository aligns with data management principles, which emphasize the structured organization of data for accessibility and analysis.

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