Innovation in the mobile industry, coupled with the ever-emerging “Internet of Things,” has significantly enhanced the data collection process. Today, there are far more channels than ever before that can be used to obtain and hold information. But, does this make data management any better? One study says no.
According to a new report from Experian Data Quality, the number of channels we use to collect data can actually hinder management processes, resulting in poor and inaccurate information. Businesses that fail to take a centralized approach to data processing are more prone to human error. According to the study, 67 percent of organizations are missing this component of their data management processes.
“The increasing sheer volume of data means that more companies are looking to make better-informed decisions based on the information they hold,” Thomas Schutz, senior vice president, general manager of Experian Data Quality, said in a statement. “Data quality is the foundation for any data-driven effort, but the quality of information globally is poor. Organizations need to centralize their approach to data management to ensure information can be accurately collected and effectively utilized in today’s cross-channel environment.”
Ultimately, companies that pull in information from all different directions and don’t centralize their management of it may not have the ability to identify errors and make necessary adjustments to improve the quality of their data. This is where having a custom database software system in place can provide an enormous benefit to your organization. FileMaker development can be used to create a centralized system for examining and organizing information, which allows you to separate the good from the bad and improve the overall quality of your data.