Final answer:
Data Warehouses, Data Marts, and Data Lakes are collections of data that support management decision making and serve as repositories of organizational knowledge.
Step-by-step explanation:
Data Warehouses, Data Marts, and Data Lakes are all collections of data designed to support management decision making and serve as repositories of organizational knowledge.
- Data Warehouses are centralized repositories of integrated data from various sources within an organization. They provide a single source of truth for reporting and analysis purposes.
- Data Marts are smaller, specialized subsets of data warehouses that are designed to meet the specific needs of a particular department or business unit.
- Data Lakes are large repositories of raw, unprocessed data from a variety of sources. They provide a flexible and scalable storage solution for big data analytics.