What is Data Quality?
Data quality is an essential characteristic that determines the reliability of data for making decisions. High-quality data is:
Business leaders recognize the value of big data and are eager to analyze it to obtain actionable insights and improve the business outcomes. Unfortunately, the proliferation of data sources and exponential growth in data volumes can make it difficult to maintain high-quality data. To fully realize the benefits of big data, organizations need to lay a strong foundation for managing data quality with best-of-breed data quality tools and practices that can scale and be leveraged across the enterprise.
Business value of data quality
Data quality-related problems cost companies millions of dollars annually because of lost revenue opportunities, failure to meet regulatory compliance or failure to address customer issues in a timely manner. Poor data quality is often cited as a reason for failure of critical information-intensive projects. By implementing a data quality program, organizations can:
Teachers Insurance and Annuity Association – College Retirement Equities Fund (TIAA CREF) leveraged IBM InfoSphere Information Server to improve plan reporting and customer view, consolidate legacy environments and improve processing speed by almost 10 times. Also, TIAA CREF was able to meet over 2000% growth in reporting needs not only on time but over 50% ahead of schedule.
IBM InfoSphere Information Server for Data Quality
Spend 3 minutes and learn how InfoSphere Information Server supports big data integration, agile integration for all levels of data volume, easy self-service data integration, and more!
Gartner Magic Quadrant for Data Quality Tools
IBM is once again a Leader in Gartner's Magic Quadrant for Data Quality Tools
The business case for data quality
This paper from Bloor Research outlines the business benefits of a robust data quality program.
Successful information governance through high-quality data
This whitepaper explores essential data quality capabilities any information governance program needs to succeed.