Measuring the Impact of Data Integrity Issues
Data is considered one of the most important assets for any organization in this digital era. It serves as a foundation for decision-making, business strategy, and reporting, as well as long-term planning. However, given the increasing amount of data being generated, the risk of data integrity issues has also increased significantly. Thus, it is crucial that organizations measure the impact of data integrity issues and ensure that proactive measures are in place to prevent these issues from occurring. Imagine that a company needs information about its inventory purchases to ensure that its production is supported, but finds out that the inventory data has mistakes and errors, making its forecasts inaccurate. This is the reason why there is a need for metrics measured by data quality scorecards.
In this chapter, we will cover the following:
- Why measure the impact of data integrity issues?
- Reviewing the relevant data quality...
