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The first step, 'Extract,' involves gathering raw data from multiple sources, which can be disparate and varied. 'Transform' is the subsequent stage, where the collected data is refined, cleaned, validated, and transformed to align with specific requirements and standards. This step is crucial for maintaining data integrity and consistency. The final stage, 'Load,' entails the loading of the transformed data into a target database or data warehouse, making it accessible for analysis and reporting.

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