The Challenge with Data Standards
The value of data has been growing steadily for many years, with good data standards now being recognised as a strategic asset by all successful companies. However, not all data is useful, and flawed or inconsistent data can be highly misleading and may impair business operations, decision making and insight of company management. Business can solve this problem by following a consistent approach to improving data standards across functions. This can only be possible by establishing a clear and fit for purpose data standards policy.