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In terms of network latency this can be defined by the time it takes for a request to travel from the sender to the receiver and for the receiver to process that request. In other words, the round trip time from the browser to the server.
Figure B18.5 shows the three latencies that impact the speed of decision making. These are data, analysis, and decision latencies. Data latency is the time duration to make data ready for analysis, i.e., the time for extracting, transforming, and cleansing the data, and loading it into the database.