An organization is transforming their raw data into a format that can be used to derive business insights. Which step of the data value chain does this action represent?

Data analysis is the step that comes after processing, where cleaned data is examined to extract insights and draw conclusions.

Data collection is the initial step of gathering raw data from various sources before any transformation occurs.

Data storage is the step of persisting collected data in a system such as a database or data lake, prior to transformation.

Data processing refers to the transformation of raw, unstructured, or messy data into a clean, structured, and usable format through operations such as filtering, aggregating, enriching, and normalizing. This step sits between data storage and data analysis in the value chain and is a prerequisite for deriving meaningful business insights.