Having accurate data is one of the most important things an organization can do to succeed. Data can be used to clarify past events, create predictions for future events and to recommend steps that can drive members toward a desired goal.
But if your data is outdated, wrong, exclusive, or not recorded right, your organization could be following a strategic plan not fit for success. That’s why it is so important to make sure your data is up-to-date. Low-quality data may in-fact be worse than no data at all.
As business analytics expert and Sidecar course presenter Thad Lurie says, low-quality data is a real problem for most organizations because:
So how do we address this issue?
Stay up-to-date! Offer surveys once or twice a year to figure out how inclusive your organization is, try to avoid manual data entry, have a strong organization plan for the data and have a clear and concise style guide for data entries.
Keep these six dimensions of data quality in mind when examining your organization's data:
Want to learn more about data through our Introduction to Business Analytics course? Sidecar members have the opportunity to access this course and more than 15 others through Sidecar Academy.
Not a member? That’s okay! Sign up here.
If you’re ready to increase your membership organization’s revenue, connect with an entire community of purpose-driven leaders and grow yourself, we’re ready to help you do it.Learn More