In the last few years, businesses across the UK have come to realise that data management has become a mission-critical concern, regardless the sector in which they operate. Indeed, as more and more business functions go digital and online revenues continue to grow, it is clear that data quality management is becoming more important than ever before.
To shed light on this trend, we recently published our annual Global Data Quality Research discussion paper for 2015, which highlighted a number of the key trends that are guiding current efforts to extract the greatest value from business data.
UK businesses are starting to recognise the true strategic value of data as a competitive differentiator and customer experience enhancer; which in turn is increasing the potential value of data as a source of revenue. In fact, 90% of CIOs believe data is changing the way their organisations do business.
At this point you have probably heard about big data a million times. It's a bit of a meme and a marketing term, it won’t probably predict wars before they happen, I personally doubt that it will cure cancer, and I’m not sure if Netflix really needed big data to create their hit House of Cards. Although I have to admit. Kevin Spacey was pretty good.
Are you suffering from the following data symptoms?
Difficulties streamlining service delivery, patient care and reducing overcrowded hospitals.
Challenges in accurately maximising your revenue returns and reducing your overall costs.
System migration projects posing unknown risk, constraining your budget and draining resources.
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