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Data Quality Blog

http://blog.naveego.com

The GDPR Will Be a Good Thing for Data Quality

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Although in the works for more than five years, the GDPR deadline came and went on May 25 and saw companies big and small scrambling for compliance with the sweeping new regulations. But, as outlets like The Verge point out, very few companies are in full-compliance after the deadline. While the race to meet the new regulations continues, the overarching hope for GDPR is a fundamental change in the relationship between data, consumer, and company. And this change will be a good thing, even if it’s a painful transition.

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The FDA's Opioid Data Was Wrong. These Are the Consequences.

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The Food and Drug Administration learned an important, yet highly detrimental lesson in the importance of data quality this week. You may have seen reports on the news of the mistake, but when we go deeper than the just the headlines, we see just how impactful this situation is for not just the FDA, but for the data vendor, and more importantly, for organizations researching drug abuse across the country.

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The New DMA Initiative Could Be a Model for Other Industries to Follow

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One gets the sense that the business world is finally seeing the imperative nature of data quality solutions. So much so, that we’re witnessing non-profit, membership organizations in the data and marketing space offer new initiatives on this issue as a membership benefit. The Data and Marketing Association recently announced the beginning of the Data Quality Labeling Standards program to help marketing professionals and data experts in the marketing field make better choices on third-party data vendors. To us, this seems like a fantastic initiative for other industries to follow.

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GDPR is Coming: Is Your Company Prepared?

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You’ve likely heard about GDPR (General Data Protection Regulation) going into effect for EU nations on May 25. It’s less likely that your data team has had much time to react to this new consumer protection. They may have thought it won’t have any impact if the organization is outside the EU’s jurisdiction. If they thought that, they’d be wrong. There's a lot to learn about the GDPR and its wide-ranging impacts on companies around the world. Here’s a look at why GDPR will be a watershed moment for businesses, consumers, and data management teams alike.

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75 Business Executives Had Their Data Quality Assessed: Here Are Two Key Takeaways from the Results

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It’s become a bit cliche to hear a business executive talk about being at data-first organization. However, more often than not, the number of companies who both walk the walk and talk the talk is few and far between. While accumulating, storing, and analyzing data has become commonplace, many executives are missing a crucial step in the data-driven culture they’re trying so hard to adopt. The important step they’re missing out on? Ensuring the data on which they’re basing their decisions is of high quality.

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Big Data Made Big Strides in 2017

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2017 will be known as the year that Big Data went from buzzword on tech blogs and into practice at companies and organizations around the globe. The 2017 Big Data Analytics Market Study shows that companies are ready to start taking action to make their data accessible and interpretable. The incentives to do so are clear; more insights, quicker recognition of business opportunities, lower costs, etc. But up until now, those insights have been limited to a fraction of companies worldwide. We can now say, the time of Big Data on a large scale has arrived.

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New Survey Provides Insight Into Financial Sector's Data Concerns

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A recent survey of banks from around the world reveal the varied challenges that financial institutions are facing when it comes to managing their enormous amounts of data. Chief among the hurdles mentioned are antiquated data infrastructure and regulatory requirements. A closer look at the data tells us that poor data quality is one of the main reasons for the frustrations endured by the respondents.

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Naveego in 2017: A Look Back at a Stunning Year!

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2017 has been a watershed year for our fast-growing company. New faces, new partners, new programs - it’s been a whirlwind of learning and development. We wanted to put together a brief list of all of our milestones and accomplishments, but that list quickly turned into a novel. Instead, here’s an overview of what made 2017 the thrilling year it turned out to be!

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A Few of the More Shocking Stats Associated with Data Quality

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I’ve been writing on data quality for over a year now and it remains one of the most fascinating tasks of my work week. It’s an industry that’s new, always changing, and is quickly becoming the most important aspect to a company’s chances of thriving in the digital age. But for the tens of thousands of words I’ve written since I jumped into the data quality space, it’s really the numbers that do the talking. If I could tell business leaders why data quality is crucial to their business’s success, here are the data sets I’d choose to present to the man or woman at the top.

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Gartner Predicts the Time of the Chief Data Officer Begins Now

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Chief Executive Officer. The title has a way of instantly portraying the person who bears it as the person in charge. The top dog. The Big Kahuna. But with the massive increase in the importance of data within efficient, data-driven businesses, CEOs will likely be outshone in importance by the C-level exec who can best leverage data to promote growth. In short, the time for the Chief Data Officer has come.

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