Skip to main content

Poor Data Quality-New Job Roles in Data Quality

Data quality is on rise and important to the organizations today. Since in Experian research it has found that poor data quality causing losses to the companies.

Experian research suggests companies in the UK, the US, Australia and western Europe have poorer quality data this year than last. The credit information company’s 2015 Global Data Quality Research among 1,239 organisations found a dramatic lack of data quality “ownership”, and 29% of respondents were still cleaning their data by hand.
 
The number of organisations that suspect inaccurate data has jumped from 86% in 2014 to 92%. Also, respondents reckoned 26% of their data to be wrong, up from 22% in 2014 and 17% in 2013. Some 23% of respondents said this meant lost sales, up from 19% in 2013.
Boris Huard, managing director of Experian Data Quality, said: “Getting your data strategy right is vital if you want to be successful in this consumer-driven, digitalised age. It is encouraging that companies are increasingly switching on to the value of their data assets, with 95% of respondents stating that they feel driven to use their data to understand customer needs, find new customers or increase the value of each customer.”

Poor Data Quality is cost million pounds to the companies.About one-third of organisations use automated systems, such as monitoring and audit technology (34%), data profiling (32%) or matching and linkage technology (31%) to clean their data. A total of 29% still use manual checking to clean their data.

Huard added: “As our Dawn of the CDO research demonstrated, a new breed of chief data officers, chief digital officers and director of insights are emerging – new roles that have come about in response to the pressure and opportunity presented by big data.”

However, only 35% of respondents said they manage data quality by way of a single director and nearly 63% are missing a coherent, centralised approach to data quality. More than half said individual departments still go their own way with respect to data quality enforcement, and 12% described their data quality efforts as “ad hoc”.

Comments

Popular posts from this blog

10 Tricky Interview Questions On Storm

Storm is real time computation system. It is a flagship software from Apache foundation. Has the capability to process in stream data. Storm is capable to integrate traditional databases. The list given below are tricky and highly useful for your next interview.
Bench mark for Storm is a million tuples processed per second per node. Tricky Interview Questions1) Real uses of Storm?

A) You can use in realtime analytics, online machine learning, continuous computation, distributed RPC, ETL

2) What are different availble layers on Storm?
FluxSQLStreams APITrident3)  Real use of SQL API on top of Storm?
A) You can run SQL queries on stream data
4) Most popular integrations to Storm? HDFSCassandraJDBCHIVEHBase 5) What are different possible Containers integration with Storm? YARNDOCKERMESOS6) What is Local Mode?

A) Running topologies in Local server we can say as Local Mode.

7) Where all the Events Stored in Storm?
A) Event Logger mechanism saves all events

8) What are Serializable data types in …

Blue Prism complete tutorials download now

Blueprsim is an automation tool useful to execute repetitive tasks without human effort. To learn this tool you need right material. Provided below quick reference materials to understand detailed elements, architecture and creating new bots. Useful if you are a new learner and trying to enter into automation career.
The number one and most popular tool in automation is Blue prism. In this post I have given references for popular materials and resources, so that you can use for your interviews.
Why You Need to Learn RPA blue prsim tutorial popular resources I have given in this post. You can download quickly. Learning Blue Prism is really good option if you are learner of Robotic process automation.
RPA Advantages The RPA is also called "Robotic Process Automation"- Real advantages are you can automate any business process and you can complete the customer requests in less time.

The Books Available on Blue Prism 
Blue Prism resourcesDavid chappal PDF bookBlue Prism BlogsVideo…

Blockchain Smart contract behind mechanism you need to learn quickly

Smart contract in Blockchain is a kind of software application that works without human intervention based on the transaction logs and provide solution to user request. I want to share the back end mechanism in Smart Contract of Blockchain. Smart Contract Mechanism What is Smart ContractA smart contract is a protocol which can auto execute, facilitate, verify or enforce the negotiation of a contract.Agreement between two parties you can say as a contract.Incorporating the rules of physical contract into computing world, you can say as smart contractBlockchain supports you to create smart contracts.Smart Contracts are self-executing programs which run on the blockchain and are capable of enforcing rulesUsing Blockchain as platform and making an agreement or contract between more than two parties, you can say as Smart Contract.Traditional Markets  4 Top Benefits of Smart ContractCurrently smart contracts are being used only in Crypto CurrenciesNow Smart Contracts being used in all financ…