Data collected from sources outside your organization is referred to as what type of data?External dataPurchased data Commercial dataOutside data
Question
Data collected from sources outside your organization is referred to as what type of data?
- External data
- Purchased data
- Commercial data
- Outside data
Solution
The data collected from sources outside your organization is referred to as External data. Here’s a brief explanation:
External Data is any data that is sourced from outside the business's internal data systems. This type of data can include surveys, websites, government publications, market research reports, and data purchased from third-party vendors. In contrast, internal data refers to information collected from within the organization, such as customer records and sales data. While the other options may seem relevant, "External data" is the most universally accepted term that encompasses all data sourced externally, making it the correct choice in this context.
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