Factual Databank is spelled using the phonetic transcription /ˈfæk.tʃu.əl ˈdeɪ.tə.bæŋk/. The word factual means based on fact or reality, and databank refers to a collection of data stored electronically. The spelling of the word has been standardized to make it easy for people to understand and use. The use of phonetic transcription helps to explain the pronunciation of the word, making it easy for people to say and spell it correctly. Factual Databank is commonly used in scientific research, data analysis, and business planning.
A factual databank can be defined as a comprehensive and organized collection of accurate and verified data or information. It serves as a reliable and authoritative source of facts, statistics, and other relevant details obtained from various sources, ensuring their credibility and reliability. Such databanks are commonly used in different fields like research, journalism, business, and academia.
The primary characteristic of a factual databank is its emphasis on maintaining the accuracy and reliability of the information it contains. The data stored within the databank is obtained through rigorous verification processes, ensuring that only factual and reliable data is included. This ensures that users of the databank can trust the information they find within it.
Factual databanks generally cover a wide range of subjects or domains, depending on their purpose and scope. They can include information on scientific research, historical events, socio-economic indicators, demographic data, geography, and much more. The information contained in these databanks is organized in a structured and systematic manner, facilitating easy access and retrieval.
The use of factual databanks helps researchers, professionals, and individuals to access accurate information to support their work, make informed decisions, and enhance their knowledge. As these databanks are continuously updated and maintained, they provide users with up-to-date and reliable information that can significantly contribute to the accuracy and value of their tasks or projects.
In conclusion, a factual databank refers to a trustworthy and comprehensive collection of organized data and information that has been verified, ensuring its accuracy and credibility. It plays a crucial role in various fields, facilitating the access and utilization of reliable information for research, analysis, decision-making, and knowledge enhancement.
The word "factual" originates from the Latin "factum", meaning "something done", which is the past participle of "facere", meaning "to do" or "to make". "Factual" refers to something that is based on facts or is true and accurate.
The term "databank" is a combination of "database" and "bank". "Database" is a compound word formed from "data" and "base". "Data" is the plural form of the Latin word "datum", meaning "a given" or "fact". "Base" refers to the foundation or underlying structure. A database is a structured collection of data or information.
The word "bank" in this context is used figuratively, implying a repository or storage place.