More Related Content Similar to Tony O Brien MIT Information Quality Industry Symposium 2010 V1 Similar to Tony O Brien MIT Information Quality Industry Symposium 2010 V1 (20) Tony O Brien MIT Information Quality Industry Symposium 2010 V11. Sustaining Data Quality : Lessons from the Field Tony O’Brien The 4 th Massachusetts Institute of Technology Information Quality Industry Symposium 14 th July 2010 9. What Levels of Data Accuracy are Necessary? Source: Goodfellow, (1994: 18) Inventory Balances 95% Production/Purchase Orders (Housekeeping) 98% Stock Allocations 97% Bills of Materials & Routings 98% Customer Orders 98% Source: Wallace and Kremzar (2001: 195-217) 1 in 12 3 in 20 1 in 3 24 in 25 Potential Error Rate 91% 84% 68% 4% Overall Accuracy 97% 95% 90% 50% Order Accuracy 98% 95% 90% 50% Stock Accuracy 99% 99% 95% 90% BOMs & Routings 97% 95% 90% 30% Planning Parameters 100% 100% 100% 60% Demand Data MRP etc