THE CHALLENGE
Data Quality is considered a subject that defies measurement, yet it is emerging as one of the most costly issues facing companies today. The demanding information environment can derail any single IT project. This forces management to trade quality for speed in providing information and analysis. Maintaining high levels of data quality aligns your companys’ strategy, culture, and flows of information to the benefit of the company.
The cost of poor data is associated with lost customers, corrections, and bad billing information. The costs can add up to nearly 10% of revenue for the typical company, and according to the Data Warehousing Institution U.S. businesses spend upwards of $600 billion per year on data quality problems. These are significant costs for a problem that goes relatively unchecked and unmanaged by most companies. The reason is the lack of measurability associated with these costs, the inability to quantify what the ROI would be for a data quality initiative, and the intangibility of the benefits that go along with good data.
OUR SERVICES
We provide the following services in a data quality initiative.
• Data Profiling
• Defining Controls
• Data Cleansing
• Continuous Monitoring
• Architecture Development
• Software Implementation
YOUR BENEFITS
Increased data integrity can help a company of any size achieve the following benefits:
• Reduces information risk
• Ensure compliance with Sarbanes Oxley and Basel II regulations
• Decrease IT expenditures through less scrap and rework
• Identify control weaknesses
• Improve customer relationships
• Reduce operational inefficiencies
• Improve performance management
• Provide insight into the business environment
• Instill confidence in data use
In today’s fast paced, data driven market, you can’t afford to ignore data quality problems any longer, so let the Armada Consulting Team help you lay the foundation necessary to ensure a successful data quality initiative and put your business on track to better decision making.
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