The Data Quality Formula

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The Data Quality Formula details the fundamental elements to data quality; Detection, Analysis and Resolution. In order for businesses to realise success, they must understand the Rule of 3.

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The Data Quality Formula

  1. 1. DETECT ANALYSE RESOLVE still REACTIVELY RESPOND to data issues by relying on employees, customers and prospects to report problems It’s a system that often FAILS the data quality equation remains unsolved say analysis is the trickiest part of the Rule of 3 to follow Why are they so PERPLEXED? The result: IT’S NO WONDER THAT: use every-day (often dated) spreadsheet software of those using spreadsheet software are unsatisfied say data errors are only reactively corrected after something has gone wrong Ignoring data problems doesn’t make them go away. Instead, they multiply Without analysis, the business implications of data problems can’t be seen Awareness of data issues means little if their resolution is left to chance are not completely satisfied with their resolution strategy Resolving your data issues cannot be done without detection and analysis JUST conduct AD-HOC data cleanses Time consuming Slow Incomplete of large British companies have a data quality strategy don’t include ALL data types in their strategy BUT... FAIL TO RESOLVE data issues and the formula just doesn’t add up UNSURPRISING LY are unsatisfied 67% of those, DETECTION ANALYSIS REMEMBER THE RULE OF 3 Find out more www.qas.co.uk/3 RESOLUTION WITHOUT ANALYSIS 64% 50% 61% 65% All data used in this infographic is drawn from the ‘Company Data Quality Research 2014’and the ‘Global Data Quality Research 2014’two independent market research reports commissioned by Experian Data Quality and produced by Dynamic Markets. DETECTION ANALYSIS RESOLUTION These are the fundamental elements of the data quality management equation that add up to organisational success. Our latest research shows large British companies realise the importance of THE RULE OF THREE. 78% 44% 63% 99% DETECTION + ANALYSIS + RESOLUTION 28% of those who use specialist detection software are still unsatisfied DETECT, ANALYSE AND RESOLVE YOUR DATA ISSUES. WITHOUT THE RULE OF 3, THE DATA QUALITY FORMULA WON’T WORK!

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