In what step of the Data Lifecycle is data created or captured from external sources?

Prepare for the Information Systems and Controls (ISC) CPA Exam. Study with flashcards and multiple-choice questions, each with hints and explanations. Get ready to excel!

The correct answer, relating to the Data Lifecycle, is the step where data is created or captured from external sources. This phase is essential because it marks the initial stage of handling data, where raw data is either generated within an organization or collected from various external inputs.

During this phase, organizations engage in activities such as data entry, sensor data collection, web scraping, and other mechanisms for importing data. The significance of this step lies in the fact that it lays the foundation for all subsequent stages of the data lifecycle, including data storage, processing, and analysis. Without proper data capture or creation, other phases such as data preparation and publication cannot effectively function.

While the other options address important aspects of the data lifecycle, none encapsulate the essence of the initial data intake process as clearly as the Capture/Creation step. For instance, Preparation involves cleaning and structuring the data for analysis, Definition pertains to determining data attributes and standards, and Publication focuses on making processed data available for end-users. Each of these phases is reliant on the data that have been captured or created initially.

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