Complaints about poor data quality are ubiquitous across every industry. Here's how to ensure your company can gain meaningful data insights, leverage data at scale, gain agility, and make better-informed decisions.
What are the main challenges in managing cloud data?
The primary challenges include ensuring data quality and the lack of proper cataloging or categorization of data. A report by Forrester on behalf of Capital One highlights that without addressing these issues, organizations may struggle to leverage their data effectively.
How does data quality impact decision-making?
According to Hugo Noreno, editorial director at Forbes, higher data quality leads to increased confidence in the outputs produced by users. This, in turn, lowers risks associated with outcomes and enhances overall efficiency in decision-making processes.
Why is data cataloging important for organizations?
Data cataloging is crucial as it helps decision-makers understand what data they possess, how it is utilized, and who is responsible for it. Without proper cataloging, organizations may miss opportunities to optimize their data usage, leading to potential setbacks in agility and cost efficiency.
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