Regardless of your initiatives whether it is analytics, data integration, MDM, or data governance, your data need to be trusted. Deliver business value by ensuring that all key processes are fueled with relevant, timely and trustworthy data.
Without a data quality program and tools in place, you face:
- Unreliable analytics: The business value you glean from your analytics is only as reliable as the data feeding your dashboards, which impacts operations, planning, projections, and ultimately your bottom line
- Wasted resources: Data errors impact operations by incurring higher costs resulting in lost revenue (e.g., when a package is shipped to the wrong address)
- Damaged customer reputation: Your reputation with customers, prospects, partners, or suppliers can be damaged, sometimes irreversibly, if the wrong data reaches the wrong audience
- Regulatory fines: Inaccurate regulatory reporting can result in fines from regulations such as CCAR, BCBS239, and GDPR