Assignment 1: DiscussionTechniques and Tools for Managing the DataYou have explored many options for managing data as well as its importance to the overall health of an organization in making well-informed decisions. Many organizations feel that they have to utilize powerful and expensive solutions but there are also cheaper alternatives. For example MS Excel can be a great tool to manage data and identify answers to any questions. Thus whether your organization is big or small all the tools need to be evaluated to determine the one that will work best not only in managing the data but also in lowering the overall cost. Managing cost is important as you do not want to implement a solution that will bankrupt the organization; that in itself is an ill-informed decision.Using library resources and the Internet research tools and techniques of managing data.Respond to the following:Write your initial response in 300500 words. Apply APA standards to citation of sources.