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Data Integrity
Trends
Melvin Cheong | APAC Sales Engineer
March 13, 2024
“The world is experiencing
a level of disruption and
business risk not seen in
generations…
…some companies freeze
and fail, while others
innovate, advance, and
even thrive.”
Macro forces are impacting your business
Changing
regulatory and privacy
environment
Volatile
market conditions
Long-term
pandemic impacts
Long-term pandemic effects
E-commerce sales
increased 43%,
requiring accelerated
digital transformation
43% 75%
75% of consumers
report having changed
their buying behavior
permanently
1 in 5 adults left their jobs
in 2021 at the start of the
“great resignation,”
creating skills shortages1
1in 5
1. Pew Research Center, 2. US Census Bureau, 3. McKinsey
Changing regulatory and privacy environment
expected cost of
data theft, leaks and
breaches in 2023
increases scrutiny
8
of consumers would
like to see legislation
preventing the sale of
their data
of S&P 500 companies
now publish ESG
(Environmental, Social,
and Governance) reports.
64%
90%
1. Center for Audit Quality, 2. Cybersecurity Ventures, 3. Prosper Insights & Analytics
$
Trillion
In a Goldman Sachs’ report, Joseph Briggs
and Devesh Kodnani, showed that shifts in
workflows triggered by AI advances could
expose the equivalent of 300 million full-
time jobs to automation.
Boston Consulting Group
(BCG) believe that if cost
reduction and falling prices are
how AI delivers significant
productivity growth, then
consumers will be the winners.
Lower prices will boost real
incomes that can be spent
elsewhere.
AI
AIRS
Artificial Intelligence/Machine Learning Risk &
Security Working Group (AIRS).
• Focused on Financial Services, but applicable to
most enterprises, identified four categories of risk:
1. Data Related Risks
2. AI/ML Attacks
3. Testing
4. Trust and Compliance
• Specifically call out that “AI governance
frameworks could help organizations learn, govern,
monitor, and mature AI adoption. Four core
components of AI governance are: definitions,
inventory, policy/standards, and a governance
framework, including controls.”
Enabling Framework/Components. Enabling the Enterprise!
Data
Scientists
Data
Governance
Executive
Leadership
Sustainability
Business
Analysts
HR
Finance
Leadership
Procurement
Sales &
Marketing
Fulfilment
& Logistics
Compliance
& Legal
Meet Regulatory Challenges and Accelerate Value Delivery Across Your Organization
IT
Enterprise Challenge
Executive
Leadership
Team
Business
Metrics
Top
Corporate
Objectives
Business
Teams
Critical Processes and
Performance Measures
Data
Stewards and
Consumers
Critical
Data ?
Data
Catalogue
Are these relationships understood and actionable?
• Am I applying the right risk profile and/or
focus to this client?
• Are there relationships gaps that I am missing
and should be considered?
• Are there other opportunities I am missing?
• Where is the data I need?
• Can I access it?
• Can I trust it?
• Is it for (my) purpose?
• Annual Report
• Sustainability
• Growth
• Customer Satisfaction
• Operational Efficiency
• 450 companies surveyed across all
industries and countries
• Drexel is one of only 39 private
institutions to receive the prestigious
Carnegie R1 classification as a doctoral
university with very high research activity
• Precisely is partnering with Drexel
University on new data integrity
research.
QUESTION:
What are your organization's goals for data programs?
77%
report data-driven
decision-making
as the top priority
for data programs
76.6%
72.8%
62.4%
58.6%
57.1%
56.8%
52.7%
Data-driven decision-making
Operational efficiency
Cost reduction
Revenue generation
Regulatory compliance
Risk mitigation
Customer retention
“2023 Data Integrity Trends & Insights Report” June 2023
QUESTION:
How would you rate your
organization’s ability to trust the data
being used for decision-making?
Trust in data is low… … and impacts data programs
Poor data quality is the #1 challenge
to DATA INTEGRITY for 50% of
respondents
Poor data quality is the #1 challenge
facing DATA INTEGRATION projects
for 60% of respondents
Poor ADDRESS AND LOCATION
DATA is the #1 challenge to
achieving optimal data quality levels
for 41% of respondents
“2023 Data Integrity Trends & Insights Report”
June 2023
45%
Only 45% have
high trust in
their data for
decision-making
Top priorities for data integrity
“2023 Data Integrity Trends & Insights Report” June 2023
QUESTION:
What are your organization’s top priorities for improving
data integrity in 2023?
52.7%
49.6%
45.0%
40.7%
27.9%
22.5%
14.0%
13.2%
5.0%
Data quality
Data integration
Data security and privacy
Data governance
Data observability
Data enrichment
Address verification and enrichment
Spatial analytics
Other (please specify)
#1 focus area in 2023 is
improving data quality,
followed closely by
data integration.
With 77% of organizations
reporting reliance on
location for decision-making,
spatial analytics and data
enrichment are poised for
increased focus.
QUESTION:
How has the economic downturn impacted
your organization’s data strategy?
Economic downturn…
Decrease in staffing &
resource allocation
… influences data strategy
Decrease in budget
40%
37%
QUESTION:
Which of the following trends are influencing
your organization’s overall data strategy?
57% Cloud
adoption
49%
43%
43%
Advanced
data analytics
Workflow
automation
Digital
transformation
41% AI/ML
30%
21%
DataOps
Data
democratization
Respondents are turning to cloud, advanced
analytics, and automation to drive down costs
and resource requirements
“2023 Data Integrity Trends & Insights Report”
June 2023
ASK US FOR A COPY!
The bottom line For all the details,
download
Data is more important
than ever for your
business initiatives
Trust in your data
impacts your ability to
thrive and survive
Data quality is the
primary issue affecting
data programs
Technology investments
are leveraged to do
more with less
Challenges we hear…
• How (and where) do I even get started ?
• I am struggling to articulate the value our
Data Program and make any additional
investments
• How do I prioritize initiatives?
• How do I establish and sustain business
relevance (how do I get management to care
and invest) ?
• What’s the right organization design for my
data program ? How are other doing it ?
• There is a cultural resistance to owning data
issues and we struggle getting the business
engaged
Presentation name
How We Help
18
Strategic Support
• Data Program design,
implementation, and
optimization
• Business Case Development
• Data Strategy, Lineage and Risk
Assessments
• Data Architectural Design
• Data Organizational Design
• Process Optimization
• Data Analytics
Operational Support
• Data Project Leadership and
Project Management
• Data Process Design and
Implementation
• Data Governance Strategy and
Execution
• Data Migration Leadership and
Implementation
• Data Application Leadership
and Implementation
• Data Profiling and Cleansing
Team Augmentation
• Data Leadership Roles
• CDO / Data Steward Coaching
• Data Architecture & Modelling
• Data Application Support
• Data Governance Roles
• Master Data Management
• Change Management
• Managed Services
In all cases, we offer resources with varying levels of expertise to meet client requirements and provide
domain, functional, application, and industry level expertise as required to support specific client needs
Words from our Customers
“After all these years, it
feels good to be able
to finally quantify our
value and justify our
data investments.”
“I was skeptical that
you would be able to
get us there as quickly
as you professed but
seeing is believing.”
“The team always
knew the data
challenges we face
and value we bring,
but finally having the
business understand is
a game changer.”
“We always knew there
wasn’t a technology
silver bullet that would
solve our problems, but
we never knew what
was missing until we
followed your approach”
…some companies freeze
and fail, while others
innovate, advance, and
even thrive.”
Thank You

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Data Innovation Summit: Data Integrity Trends

  • 1. Data Integrity Trends Melvin Cheong | APAC Sales Engineer March 13, 2024
  • 2. “The world is experiencing a level of disruption and business risk not seen in generations…
  • 3. …some companies freeze and fail, while others innovate, advance, and even thrive.”
  • 4. Macro forces are impacting your business Changing regulatory and privacy environment Volatile market conditions Long-term pandemic impacts
  • 5. Long-term pandemic effects E-commerce sales increased 43%, requiring accelerated digital transformation 43% 75% 75% of consumers report having changed their buying behavior permanently 1 in 5 adults left their jobs in 2021 at the start of the “great resignation,” creating skills shortages1 1in 5 1. Pew Research Center, 2. US Census Bureau, 3. McKinsey
  • 6. Changing regulatory and privacy environment expected cost of data theft, leaks and breaches in 2023 increases scrutiny 8 of consumers would like to see legislation preventing the sale of their data of S&P 500 companies now publish ESG (Environmental, Social, and Governance) reports. 64% 90% 1. Center for Audit Quality, 2. Cybersecurity Ventures, 3. Prosper Insights & Analytics $ Trillion
  • 7. In a Goldman Sachs’ report, Joseph Briggs and Devesh Kodnani, showed that shifts in workflows triggered by AI advances could expose the equivalent of 300 million full- time jobs to automation. Boston Consulting Group (BCG) believe that if cost reduction and falling prices are how AI delivers significant productivity growth, then consumers will be the winners. Lower prices will boost real incomes that can be spent elsewhere. AI
  • 8. AIRS Artificial Intelligence/Machine Learning Risk & Security Working Group (AIRS). • Focused on Financial Services, but applicable to most enterprises, identified four categories of risk: 1. Data Related Risks 2. AI/ML Attacks 3. Testing 4. Trust and Compliance • Specifically call out that “AI governance frameworks could help organizations learn, govern, monitor, and mature AI adoption. Four core components of AI governance are: definitions, inventory, policy/standards, and a governance framework, including controls.”
  • 9. Enabling Framework/Components. Enabling the Enterprise! Data Scientists Data Governance Executive Leadership Sustainability Business Analysts HR Finance Leadership Procurement Sales & Marketing Fulfilment & Logistics Compliance & Legal Meet Regulatory Challenges and Accelerate Value Delivery Across Your Organization IT
  • 10. Enterprise Challenge Executive Leadership Team Business Metrics Top Corporate Objectives Business Teams Critical Processes and Performance Measures Data Stewards and Consumers Critical Data ? Data Catalogue Are these relationships understood and actionable? • Am I applying the right risk profile and/or focus to this client? • Are there relationships gaps that I am missing and should be considered? • Are there other opportunities I am missing? • Where is the data I need? • Can I access it? • Can I trust it? • Is it for (my) purpose? • Annual Report • Sustainability • Growth • Customer Satisfaction • Operational Efficiency
  • 11. • 450 companies surveyed across all industries and countries • Drexel is one of only 39 private institutions to receive the prestigious Carnegie R1 classification as a doctoral university with very high research activity • Precisely is partnering with Drexel University on new data integrity research.
  • 12. QUESTION: What are your organization's goals for data programs? 77% report data-driven decision-making as the top priority for data programs 76.6% 72.8% 62.4% 58.6% 57.1% 56.8% 52.7% Data-driven decision-making Operational efficiency Cost reduction Revenue generation Regulatory compliance Risk mitigation Customer retention “2023 Data Integrity Trends & Insights Report” June 2023
  • 13. QUESTION: How would you rate your organization’s ability to trust the data being used for decision-making? Trust in data is low… … and impacts data programs Poor data quality is the #1 challenge to DATA INTEGRITY for 50% of respondents Poor data quality is the #1 challenge facing DATA INTEGRATION projects for 60% of respondents Poor ADDRESS AND LOCATION DATA is the #1 challenge to achieving optimal data quality levels for 41% of respondents “2023 Data Integrity Trends & Insights Report” June 2023 45% Only 45% have high trust in their data for decision-making
  • 14. Top priorities for data integrity “2023 Data Integrity Trends & Insights Report” June 2023 QUESTION: What are your organization’s top priorities for improving data integrity in 2023? 52.7% 49.6% 45.0% 40.7% 27.9% 22.5% 14.0% 13.2% 5.0% Data quality Data integration Data security and privacy Data governance Data observability Data enrichment Address verification and enrichment Spatial analytics Other (please specify) #1 focus area in 2023 is improving data quality, followed closely by data integration. With 77% of organizations reporting reliance on location for decision-making, spatial analytics and data enrichment are poised for increased focus.
  • 15. QUESTION: How has the economic downturn impacted your organization’s data strategy? Economic downturn… Decrease in staffing & resource allocation … influences data strategy Decrease in budget 40% 37% QUESTION: Which of the following trends are influencing your organization’s overall data strategy? 57% Cloud adoption 49% 43% 43% Advanced data analytics Workflow automation Digital transformation 41% AI/ML 30% 21% DataOps Data democratization Respondents are turning to cloud, advanced analytics, and automation to drive down costs and resource requirements “2023 Data Integrity Trends & Insights Report” June 2023
  • 16. ASK US FOR A COPY! The bottom line For all the details, download Data is more important than ever for your business initiatives Trust in your data impacts your ability to thrive and survive Data quality is the primary issue affecting data programs Technology investments are leveraged to do more with less
  • 17. Challenges we hear… • How (and where) do I even get started ? • I am struggling to articulate the value our Data Program and make any additional investments • How do I prioritize initiatives? • How do I establish and sustain business relevance (how do I get management to care and invest) ? • What’s the right organization design for my data program ? How are other doing it ? • There is a cultural resistance to owning data issues and we struggle getting the business engaged
  • 18. Presentation name How We Help 18 Strategic Support • Data Program design, implementation, and optimization • Business Case Development • Data Strategy, Lineage and Risk Assessments • Data Architectural Design • Data Organizational Design • Process Optimization • Data Analytics Operational Support • Data Project Leadership and Project Management • Data Process Design and Implementation • Data Governance Strategy and Execution • Data Migration Leadership and Implementation • Data Application Leadership and Implementation • Data Profiling and Cleansing Team Augmentation • Data Leadership Roles • CDO / Data Steward Coaching • Data Architecture & Modelling • Data Application Support • Data Governance Roles • Master Data Management • Change Management • Managed Services In all cases, we offer resources with varying levels of expertise to meet client requirements and provide domain, functional, application, and industry level expertise as required to support specific client needs
  • 19. Words from our Customers “After all these years, it feels good to be able to finally quantify our value and justify our data investments.” “I was skeptical that you would be able to get us there as quickly as you professed but seeing is believing.” “The team always knew the data challenges we face and value we bring, but finally having the business understand is a game changer.” “We always knew there wasn’t a technology silver bullet that would solve our problems, but we never knew what was missing until we followed your approach”
  • 20. …some companies freeze and fail, while others innovate, advance, and even thrive.”