DATA QUALITY
Why you should care (bout the cleanliness of your
IN DATA WE (DON'T) TRUST
25% of Critical Data in the World's
Top Companies is Flawed
Its no (big secret that data entry and errors go hand in hand. Even for
Fortune 500 firms, profiling monitoring and managing the massive
amounts Of informaton coming into their businesses is not the
easiest of tasks. The worst part however, the cost
COST OF
DIRTY DATA
140 companies were surveyed and estimated
their losses due to erroneous data...
their avg loss
..v,ith 30 estimatirg...
6 estimating
If you're thinking about adding Business Intelligence cr analytics software
toyour enterprise, you should alreadybe thinking about how accurate all
that data trying to extract, awe-gate, and/or visualize is (or rnast
likely, If you havent thought about that. then this isyour
The fallovn,ing statistics may be disturbing to some business users. Data
Scientist discretion is advised.
25%
CAUTION
Nearly 40% of all company data
is found to be inaccurate
Of 100 companies engaged in a data quality initiative, ine best in class
found that of the information they use to make business
decisions was inaccurate, While the worst Offenders saw a whopping
of their data was just plain bad. Another shocki rg fact was that
92%
DATA CLEANSING HELPS BUSINESSES •
THE IMPLEMENTATION OF A DATA QUALITY INITIATIVE CAN LEAD TO:
REDUCTIONS
COSTS, BUDGETS AND OVERHEAD, OH MY!
OF BUSINESSES ADMIT
THEIR CONTACT DATA IS
NOT ACCURATE!
OF ORGANIZATIONS BELIEVE
NEGATIVELY AFFECTED
BY INACCURATE DATA
INCREASES
ALL THE STUFF YOU WANT MORE OF
Corporate Budget
10 -
IT Budget
40 -
Operating Costs
Revenue
15 -
sale
Sales
20-40%
THE GROWTH OF INFORMATION
Best in class companies claim they can only access
35% of newly added data. Laggards claim
Companies spend countless amounts of money, time and resources
trfng to incorporate the latest and greatest data sources into their
already complex and crowded enterprise management systems; Often
Wth less than desirable results. And if think its bad now, just wait„
GROWTH IN GLOBAL DATA
20
15
10
5
CR-catLO Dara
2009
2010
2015
Q
p
By 2020, its estimated that the average
organization will have to manage over
30 Zetabytes Of data. That means over
the next 7 years, data in enterprises
4400%
will increase by
2020
Halo Business Intelligence
www.halobi.com
0 2013 HALO BUSINESS INTELLIGENCE
1 HE NS11turE
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