CIOs Declare War on Dirty Data
CIOs Declare War on Dirty Data
Inaccurate data, also called dirt data, can muddle a business’ view of its customers and processes, and better data management is needed to address the challenge.
Pain Point
92% of CIOs have experienced problems as a result of poor data quality.
Costly Mistakes
Organizations have spent, on average, $491,279 to improve inaccurate data over the past year.
Reversal of Fortune
68% of CIOs now describe the quality of their organization’s data as “excellent, with no room for improvement,” in light of improvements made.
Actionable Asset
54% now view their data quality as a strategic asset to the business, and 25% say they see the potential to monetize high quality data in the future.
Data Management Challenges, Part I
46% say data-quality issue resolution remains a top data management challenge, and 38% struggle with the increasing volume of data.
Data Management Challenges, Part II
37% indicate that the increasing variety of data presents significant data management challenges, while 36% cite workflow tracking.
Heavy Plate: Fiscal Responsibilities
74% say their overall duties related to IT budgeting have increased within the last 12 months, and 54% say they’re devoting more time to salary matters these days.
Heavy Plate: Clock Management
53% say they’re putting in more working hours than they did a year ago, and 46% are feeling more personal stress while on the job.
Heavy Plate: Information Overload
51% say their data management role has increased within the last 12 months, with 48% feeling more pressure to deliver higher quality data to the business side. Nearly half feel more pressure to provide this data faster to business teams.
Critical Contributor
49% say they feel the value that they bring to their organization has increased over the last year.