as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
define the term "data literacy" and explain why it is important.
user
data literacy is the ability to interact with and make decisions based on data. it is important because with the increasing prevalence of data-driven decision making, it is critical that people have the ability to understand and interpret data in order to draw meaningful insights. data literacy also enables people to identify data-driven solutions to problems and help organizations become more efficient and effective in their operations.
assistant