5 Things Every Business Should Know about Data Quality Management

Business leaders across multiple industries realize the importance of big data. But to get results, you need to improve the quality of this data and find ways to improve it. If your data isn’t accurate, it could lead to costly mistakes when making business decisions. Since low-quality data costs businesses $15 million per year, which means you can’t make expensive mistakes. What is data quality? It’s data that’s clean and aligned with your organization, and it shouldn’t be confused with data governance. In the meantime, here are five things you should know about the data management process. Define Thresholds & Rules If you want 100% perfect data, you should realize that it will be more challenging than it looks. Achieving 100% is a costly and timely process. Most organizations determine which data issues are critical and focus on which data quality attributes require 100% perfect data. If you need different levels of quality for different levels of data, you need to set different thresholds for each one. It would be best if you determined how that data meets the thresholds….