The global COVID-19 pandemic is teaching the world a few key lessons about the importance of data quality. As a business leader, you likely live and breathe data in the form of daily reports, charts, dashboards, and tickers. You need quality data to manage your business operations, assess your competition, track your market, and monitor and improve your customer experience.
Good data drives strategy and priority, informing risk management and decisions. It can even direct you to pivot your entire business approach when needed. But is it the right data? Is it quality data? Is it illuminating the path or obscuring what’s important?
Do you run a data-driven business? Are you sure? Download our white paper to learn five key metrics to assess whether your data is useful to drive decisions, priorities, plans, and risk management.
Your organization needs to decide what key metrics and performance indicators are will drive business strategy and action. Then, you must establish guidelines for data quality and hold the entire organization accountable for that. This guide will go into further detail on how to accomplish both.
Your data collection and transformation must accurately inform the window of opportunity being considered. It also must be accurate, valid, and complete. We’ll explain how you can ensure it represents what you think it represents – the right measurement points, the right measurement methods, and the right granularity for your intended purpose.
Data and its fluctuations must be accessible, visible, and communicated widely. Organizations that silo and hoard data for a few leaders or teams are weakened. They have lost the untapped strength of their key competitive asset – their people. We’ll share examples of how data availability can benefit organizations.