Have You Established Data Stewardship Roles Yet?

If you want to improve your data quality, you must consider appointing data stewards, Gartner says in this article.  European Companies ranked poor data quality as the second biggest BI problem facing their organization the next 12-18 months.
““Data quality is a business issue, not an IT matter, and it requires the business to take responsibility [...]

Survey shows BI Key Benefits are Intangible

In the latest DM Review it is referred to a market survey that isconducted by Noetix Corp.  It shows that IT professionals consider the intangible benefits of BI solutions to be of more value than any tangible benifits, and therefore find it very difficult to measure the ROI of these applications.
For me this is another [...]

"Without proper data, BI is meaningless"

This claim is put forward by BI analyst Lyndsay Wise in an article in DM review .
She also writes: “Data cleansing tools are a critical component to ensure that dirty data is not brought into the organization’s data warehouse. Non-cleansed data may lead to capturing duplicate, nonvalid records, building reports based on wrong data and [...]

Study shows CFO stressed over Poor Data Quality

An IDC study called ‘Understanding Data Quality Needs And Practices In Asia Pacific’ shows that a majority of Finance Executives admitted to facing stress due to Poor Data Quality in their decision making.  22 percent found it highly or quite stressful.
Another interesting aspect of the study is that 30 percent of the respondents spent 8 hours per week or more verifying the accuracy and quality [...]

Deloitte’s take on Data Quality

I stumbled over this quote from Deloitte:
“Ultimately, poor data quality is like dirt on the windshield. You may be able to drive for a long time with slowly degrading vision, but at some point, you either have to stop and clear the windshield or risk everything.”
I like the analogy

Data Quality is not an IT issue

Data Quality is often seen as an IT-Department issue.  It is time to change this perception once and for all.  Data Quality influences all departments in a business. Sales, Logistics, Customer Care, Financial - the list goes on.  You cannot solve the challenges of Data Quality unless all departments are involved.
In my work with organizations [...]

CIO’s Highest Priority: Business Intelligence

A Gartner Annual CIO report showed that BI applications remain the highest technology priority for CIOs today.
However, only 36% of CIOs believe that management is using the right information to run the business.

CFO’s finds Data Quality more important then Data Security

A new study show that CFO’s are increasingly worried about the state of their firms’ data quality.
Data quality is now more important by CFOs than data security, which is now fourth in the table. This means that data quality will be an important focus area for CFO’s.
For 58 per cent of the respondents to the ninth annual [...]

Laissez-Faire: the biggest obstacle to improved Data Quality

Out of Sight - Out of Mind.  Is this the reason why more businesses don’t do more about the challenges they face concerning their data quality?
A lot of the costs are hidden and cannot be drawn easily.  How do you measure
- Customer dissatisfaction from multiple listings
- Lower employee satisfaction
- Data ownership conflicts
- Difficulties in decision making
- Time delays
- Correcting [...]

Gartner Report about Data Quality

In this report Gartner concludes that through 2007, at least 25% of critical data within Fortune 1000 companies will continue to be inaccurate.
Just stop for a minute to think.
No wonder the cost was 600 Billions USD in 2002.
You can download the report here.