Without data that is reliable, accurate, and updated, organizations can’t confidently distribute that data across the enterprise, leading to bad business decisions. Faulty data also hinders the successful integration of data from a variety of data sources. But with a sound data quality methodology in place, you can integrate data while improving its quality and facilitate a master data management application—at low cost.
summary reports, managing inventory, generating invoices and forecasting. To be of greatest value, this data needs to be up-to-date, relevant, consistent and accurate — only then can it be managed effectively and aggressively to create strategic advantage. Unfortunately, the problem of bad data is something all organizations have to contend with and protect against. Industry experts estimate that up to 60 percent or more of the average database is outdated, fl awed, or contains one or more errors. And,