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ECT News Community   »   CRM Buyer Talkback   »   Re: The Dangers of Bad Data



Re: The Dangers of Bad Data
Posted by: Brian R. Hook 2006-08-27 13:14:23
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If bad data is put into a data warehouse, companies risk what Tony Fisher, president and general manager at DataFlux, described as "code, load and explode." "If the data from a source system doesn't meet the expected qualities for that data, the loading process may fail, causing the company to stop the load process and try again," Fisher said, which leads to implementations that exceed time schedules and budgets.


Re: The Dangers of Bad Data
Posted by: Chungarisk 2012-08-01 01:02:50 In reply to: Brian R. Hook
“Twentieth century systems are failing to manage 21st century risks; we need new networked systems to identify and address global risks before they become global crises,” said Robert Greenhill, Managing Director and Chief Business Officer at the World Economic Forum.

In my recent risk survey on LinkedIn, only 26% of the respondents said they have no problems with the data in their systems. Does that mean that 74% of corporate risk reports and a large number of regulatory compliance calculations are sucked out of useless data of varied degrees? The quantity of data is often so impressive that people forget that the underlying quality might be bad. (Or is confirmed bad like the 74% of recent survey respondents)

We have been talking about data issues since 2003, but nobody is fixing the quality problems.
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When using a search engine, how often do you look beyond the first page of results?
Never -- There's always enough information on the first page to meet my needs.
Rarely -- There's usually enough on the first page, but sometimes I want to see more.
Occasionally -- If there are too many paid-for results, or if I don't find an answer on the first page.
Often -- Even if there's enough information on the first page, I like to know what else is available.
Always -- First page search results are rigged; I don't want to be limited to what an algorithm highlights.
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