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The statement that pivot is used for creating reports and dashboards is true. Pivot is a graphical interface that allows you to create tables, charts, and visualizations from data models. Data models are structured datasets that define how data is organized and categorized. Pivot does not create datasets, but uses existing ones.

Field aliases are alternative names for fields in Splunk. Field aliases can be used to normalize data across different sources and sourcetypes that have different field names for the same concept. For example, you can create a field alias for src_ip that maps to clientip, source_address, or any other field name that represents the source IP address in different sourcetypes. Field aliases can also be used in lookup file definitions to map fields in your data to fields in the lookup file. For example, you can use a field alias for src_ip to map it to ip_address in a lookup file that contains geolocation information for IP addresses. Field alias names do not replace the original field name, but rather create a copy of the field with a different name. Field alias names are case sensitive when used as part of a search, meaning that src_ip and SRC_IP are different fields.