Sep

30

Business information organization and management lead to be stream-lining business processes, better decision-making and meeting business targets with efficiency.

This is why certain Philippine firms are starting to invest more in improving the “quality” of business data through business analytics software, which can be customized to the specific requirements of certain business sectors like banking and marketing that rely heavily on customer data.

However, business data systems have risk. Analyst firm Gartner reports that even when companies built themselves “data warehouses” that are prone to corrupted files with inconsistent information. Depending on the circumstances, data can be inaccurate and irrelevant.

So the software and technology in data organization and management is only as good as the people gathering, validating and using the data to make decisions and strategies.

Ensuring quality data is not a job alone for a business’ IT department, it also involves business people, the critical thinkers and leaders who execute overall operations.

To make the data consistent and standard, refining these to be information of high quality, every person in the business must be made aware that every data entry they make can impact analysis, interpretations and decisions made for the business.

Outsourcing Solutions, Inc. – your outsourcing partner!

Reference:

Valmero, Anne. “RP firms to spend more on Data Quality.” 29 September 2009. The Philippine Daily Inquirer. Accessed 29 September 2009. Link Here


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