Data relevance is determined by which criterion?

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Prepare for the University of Central Florida GEB4522 Data Driven Decision Making Exam 2. Utilize interactive quizzes, flashcards, and detailed explanations to excel in your test. Enhance your decision-making skills and ace the exam!

Data relevance is determined primarily by how well it meets the specific needs for which it is being used. This criterion is crucial because the value of data is largely dependent on its applicability and usefulness in addressing particular questions or problems. Data that aligns closely with the objectives of the analysis or decision-making process is considered relevant, making it essential for informed conclusions and actions.

For instance, in a business context, if a company is seeking to improve customer satisfaction, data on customer feedback and service times would be far more relevant than data on unrelated metrics, such as employee productivity. The relevance ensures that the insights derived from the data will effectively inform strategies and actions that address the specific needs identified.

Other criteria, while important in a broader context, do not inherently determine relevance. Availability, volume, and independent verification can enhance data quality, but they do not guarantee that the data will serve its intended purpose effectively. Hence, the emphasis on how well the data fits the specific needs is what solidifies its relevance.