What aspects of a dataset can be customized using XMD?

The ability to format measures and change display labels within a dataset through XMD (Extended Metadata) is crucial for ensuring that data is presented in a way that is meaningful and understandable for end users. XMD allows users to customize the way numerical values and labels are displayed in reports, dashboards, and other analytics components.

For instance, if you have a dataset that includes sales figures, you might want to format those figures to show them in a currency format or to round them to a certain number of decimal places. Additionally, changing display labels enables users to present data in a more user-friendly manner, substituting technical terminology with terms that are more understandable to the audience. This customization enhances the clarity and relevance of the data, which is fundamentally important in analytics for effective decision-making.

The other options focus on elements that are not within the scope of XMD customization. Data import settings pertain to how data is brought into the system, which is a different aspect unrelated to the formatting or labeling of that data. Security permissions govern who can access or modify data, while application themes relate to the overall visual aspects of applications, neither of which involve the specific customization of data presentation characteristics that XMD directly influences.