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There’s a reason Naveego’s data quality solution is being taken note of within the data quality industry. The detriment to a business caused by poor data quality is quickly being recognized by report after report as having a major impact on organizations’ bottom line, increasing inefficiencies within the organization, and reducing brand trust in the eyes of partners and consumers. What’s more, poor data quality is frequently cited as the main reason companies miss out on important insights and opportunities. After all, metrics are only as accurate as the data they’re constructed with.
So, with all of these points becoming well-known within the industry, what’s stopping business leaders from diving into a data quality solution?
Some business leaders may balk at adopting a data quality solution because they’re concerned the costs may be more than the problem is worth. This point is easily disproved, however, after reading any number of reports on the subject. One in particular says that an enterprise company loses about $9.7 million dollars a year due to poor data quality. When you compare these losses to the cost of a data quality solution, a DQS is an absolute bargain.
Hiring In-House Rather Than Outsourcing
Another common notion held by business leaders is that if data quality issues are really such a big deal, how can a third-party ever get their hands around their own, unique data quality conundrums? They’re not wrong here; each business faces unique and distinctly different challenges when it comes to dealing with their data. However, this is where the quality of the data quality tool becomes the main differentiator. You can learn more about how Naveego’s solution is different in another post, but suffice it to say the success of your third-party consultant depends on their experience and their tools. Be sure Naveego is in their toolset.
As for hiring in-house, this may be a long-term solution, but many organizations within the data quality industry have noted a distinct lack of qualified data quality professionals available within the labor market. This means hiring a proficient, experienced data quality professional could take years and come at a very steep price.
If you need more incentive to take action on your data quality issues, here are three reasons to schedule a data quality consultation. Or, jump right in to start your free trial of Naveego to start finally trusting and leveraging your business data.
Derek is Co-founder and CEO of Naveego, Inc. His belief that leading-edge analytics should be in reach for everyone led to the development of the Naveego business intelligence platform. Naveego brings all of a business’ data together, visually and in real time, with an end-to-end solution that includes a built-in data warehouse, dashboards, analytics and reports.