Many people assume that healthy data is data that is clean, complete and compliant with legal and regulatory requirements. Whilst this is true, these factors alone cannot guarantee that your data can be utilised for business operations.
An organisation that merely collects data cannot make rational business decisions, nor can it transform from being data rich into being data driven. Furthermore, the more data a business manages, the more challenging it is to keep on top of that data.
In order to meet your organisational goals, you should be making business decisions based on high quality, trusted data; data that is healthy. But what does it mean to have healthy data and how do you measure how healthy your data is?
Data health is how effectively your data supports business goals and objectives. Data is healthy if it is:
In order for it to remain healthy, these characteristics need to be sustained throughout its lifecycle. If your organisation’s data is healthy, you should be able to prove that it is:
If it is healthy, you will be able to produce the analytics that enables decision-makers to rely on in order to make suitable business decisions.
Data health requires monitoring and intervention across the full life-cycle and it will only work across your organisation when you combine the following three elements:
Most organisations find maintaining good data health a challenge. Data management is constantly evolving so it is important to adapt to the continually shifting landscape. This involves ensuring that your organisation has:
A healthy organisation is one that has implemented centralised standards, processes and programmes to ensure that data is secure, compliant, accessible and understandable, as well as balancing IT priorities.
You can improve nearly any aspect of your operations with data health metrics, which proves the value of data to the business. But this is skewed with the absence of healthy data. Inaccurate, uncontrolled or out of date data will not enable you to address the right customers, shorten your sales cycle or improve your processes.
Unhealthy data will cost you time and quality in your decision making, which in turn adds costs and can negatively affect your revenue. If you are scaling up to work with big data, it is vital that you implement health metrics.
Data quality is vital to data health. There are six dimensions for measuring data quality, as outlined by The Data Management Association of the UK:
Your data should be useful and reliable across your organisation. Given that data health is a measure of your data’s value, its transparency and accessibility are as important as its quality. A robust data governance technology platform can help to improve both data accuracy and security.
To ensure that your organisation’s data is healthy, you must be able to prove that it is valid, complete, and of sufficient quality to produce analytics that decision-makers can feel comfortable relying on for business decisions. But how do you approach assessing the health of your data?
It is recommended that you utilise a data platform which incorporates both data integration and governance capabilities. This will provide both a reading on the health of your data and how to cure unhealthy data, with insight into the data you can trust and the tools you should utilise to correct the data that you can’t. The Enterprise Data Management Health Check provided by Catalyst BI, combines both technologies and behaviours to measure and manage data and processes for better discovery, transparency and value. It scores your data management on the following key pillars:
The health check reviews the condition of your company's data and how well it supports effective, timely decisions and business objectives. It ensures that your data, technologies, processes and governance are fit for purpose.
From wanting to prove your current data landscape requires investment to propel your organisations data to the next level, to just being unsure which technologies are required to solve your data management challenges, the EDM Health Check ensures that you are leveraging the best technologies available.