TimeXtender’s Post

Name: Shit In, Shit Out: A Data Quality Masterclass
Uploaded: 2024-12-27T07:30:08.756Z
Duration: 1 min 17 s
Channel: TimeXtender

TimeXtender

9,361 followers

Spotting errors early saves time, money, and your reputation. Did you know correcting a data error before it enters your processes costs just $1, but letting it reach your customers can cost $100—or worse? In "Shit In, Shit Out: A Data Quality Masterclass," Louise Taylor and Melanie Schneider show how TimeXtender’s Data Quality solution helps teams catch and prevent errors while improving their data over time. Watch the full webinar: https://lnkd.in/dRFnvFNh #DataQuality #TimeXtender

Transcript

Maybe I've seen this before. It's a 1-10 hundred rule of data quality control. It's all about when do you stop the arrow and when you fix it. It costs you $1.00 or ��1.00 in your company. When you, you know, start getting to the air before it actually gets into your data processes. You know it cost only $1.00 if you can prevent it. It costs 10 if you can, if you make an error, but then you correct it and it costs you $100 if the error actually goes through until it ends on your customers. You might say, OK, prevention error, I mean we are working with humans, it's impossible to prevent an error, but we have actually learned that customers that work with our time extended data quality solution, they are actually trained to create better and better data and healthier date and you will see it in a while. You know, if you get an e-mail every evening stating that you have registered some, you know, unhealthy data, you might just stop it at one point in time. This has kind of an educational approach to it when we talk about the correction. Of course it's important to spot it right away. And this is also where data quality helps you along the way. And then of course, if it goes out to your customers, it's too late, then it's, it's, it's, you know, we consider this as a, as a lost cost or a failure.

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TimeXtender’s Post

Shit In, Shit Out: A Data Quality Masterclass

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