Which statements best describe the scope of a Common Data Model (CDM)?

The statement that a Common Data Model (CDM) can be relevant to a specific business unit or an entire enterprise accurately reflects the primary purpose and versatility of a CDM. A CDM is designed to create a standardized framework for organizing, storing, and managing data across various applications and systems within an organization. This flexibility allows it to serve the needs of individual business units while also integrating data processes at an enterprise level, thus promoting consistency, interoperability, and data sharing among various stakeholders.

By facilitating a unified understanding of data across different parts of the organization, a CDM can enhance communication and collaboration, making it a valuable asset for both localized and wider organizational data management initiatives. The ability to scale in relevance from a specific department to the entire enterprise is a crucial characteristic of a successful Common Data Model, ensuring that diverse data landscapes can be effectively navigated and utilized.