8. Define Data Consolidation.
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Data consolidation is the corralling, combining, and storing of varied data in a single place. It lets users manipulate different types of data from one point of access and helps turn raw data into insights that drive better, faster decision-making. The term sometimes is used interchangeably with data integration.
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Data consolidation refers to the collection and integration of data from multiple sources into a single destination. During this process, different data sources are put together, or consolidated, into a single data store.
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