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Companies 'should ensure data is accurate and reliable'
Nov 6 2009, 10:30 AM
Businesses should make an effort to protect their data in the same way they would their financial and intellectual property assets, it has been suggested.
Writing for Data Quality Pro, Virginia Prevosto and Peter Marotta of ISO said it is important that companies ensure their information is reliable and "protected from unauthorised access".
Using insurance companies as an example, they noted that data is used to analyse risk and detect fraud.
"But this practice works only when the data is credible. It is no overstatement that sound, profitable property [and] casualty operations begin and end with quality data," it was explained.
They added that they key characteristics of quality data are accuracy, validity, reasonability, completeness and timeliness.
Writing in his blog for ITBusinessEdge recently, Mike Vizard said there is no shame in having bad data as "everybody does". The real sin, he added, is not doing anything about it.
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