Today it is common to hear that data is the fundamental asset of organizations. YNorth are analysis times, data is the raw material Which will allow getis knowledges about clients and businesses. And the latter in turn will allow offer differential experiences to users or consumers, What too to better guide business decisions.
In our days, the data has become a vital component of customer interaction, partners and other key stakeholders. With which data today they can have a direct hit about The results of las companies –facilitating the increase of entry, cost reduction and the risk minimization.
Now, Does all the data have that potential capacity?? The reality is no: when the data is of poor quality, its value deflates. And what is it that makes them regain their potential value? What is correct management (data management) and the governance data, is what finally ensures that there will be data available Y quality.
Keep reading: Democratization of data How does it impact the management of companies?
Quantity and quality of data
In the data of our days is a wealth that abounds. Of done Today, companies are often overwhelmed by huge amounts to leverage and manage. Nevertheless, the quality of are data still leaves a lot to be desired. A to study detected that only the 3% of the scores of quality of the data evaluated met the condition of “acceptable”.
The bad quality of the data undermines productivity and what does he doY valuable hours are wasted. A investigation performed by Forrester showedor that almost a third of analysts are dedicatedlicensed in lettersn more than 40% of your time to validate analytical data before it can be used. And other poll found that an average of 30% of the companies' total time was dedicatedaba to non-value-added tasks due to deficiencies quality and availability of the data.
5 key aspects for good data governance
The most modern in terms of data storage are the data lago smart on the cloud. Well managed, let identify and exploit ideas baseds in data. Without a suitable management, But nevertheless, can become a “pantano of data”. With which, what they really need las companies it is optimize these repositories through practices consistent of governance data. Should develop practices and processes “what a guaranteeTHISn the quality, availability, Easy to use, integrity and security of assets of data business, both of them in locales like Cstrong“.
You may be interested in continuing reading Data lago smart: What is it and how to manage it?
Government data implies, among other things, collect and manage metadata O “data over data”. But also metoo good governance data it should to guarantee five key aspects:
√ That the data is relevant for people throughout the company (from end users to data analysts).
√ That the fwork luxuries andthe processes keep it simple. 
√ That there is flexibility to address different demands of management according to the type of data that are stored in the redata repositories (for instance, in the data lago on the cloud).
√ Qthat the data is reliable.
√ That Ito incorporate the AI-based automation para agilezar manual processes.
At present the oorganizationsome hasNorth to ensure that your data strategy approvalshel business. The bad quality of the data has a real financial impact and today there is no margin for manage this issue random. This would expose the companies Arkansasapprovals deficients, risks of non-compliance and losts reputation.
You have doubts about the importance data management and governance?
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