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It comes from the words "data" and "base." A base, in this definition, is a place where something is gathered or grouped together to carry out a particular activity, in the same vein as a "military base" is the place where the military gathers and performs its core activities. The term "data" (singular is "datum") is a set of information. One might literally translate this as "a place where related information is grouped together and acted upon."

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