Outdated data quality software can put you at a competitive disadvantage and drive up organizational costs.
Modern technology is proactive, avoids more costs, and mitigates more risk.
In the following post, we will outline what to look for when selecting data quality technology as well as how to leverage artificial intelligence.
Proactive vs. Reactive
Reactive data quality tools attempt to address errors after they are persisted to a data store. During transfer from an initial data store to a data lake or warehouse, data quality tools identify errors and attempt to resolve them to maintain a cleansed destination data store. This transfer may occur days or months after the data was originally created. Due to this lead time, the user is unlikely to recall details of a single record out of the thousands entered that month.
As a result, these errors may be handled with an elaborate remediation process that is part of a larger data governance program and council. The remediation workflow for a single error can involve technical support representatives, subject matter experts, data stewards, and data engineers. In a typical scenario, a support rep will document a problem then data stewards and engineers will investigate the cause. When the cause is identified, the data steward will discuss the preferred solution with subject matter experts of the data. The fix must be documented by the steward, presented for approval by the data governance council and then implemented in a data quality rule by a data engineer. The estimated cost of remediation for a single new error is $10,000. After this investment, the rule will provide automated quality enforcement for each recurrence of the same error.
Due to the costliness of reactively remediating errors and the risk of accidentally using bad data that was saved, a proactive solution is preferred. Proactive solutions prompt the creator of the data to fix the error at the time of entry. The cost to resolve an error at the time of entry, known as prevention cost, is estimated to be $1.[1] When the error is resolved by the creator and at the time of entry, the best resolution can be provided at the lowest cost. The user entering the data is not given the time or chance to forget the context of the entry. Poor data introduced by IoT devices are immediately identified and quarantined. A real-time approach at all points of data entry can avoid first time exposure.
[1] Labovitz, G., Chang, Y.S., and Rosansky, V., 1992. Making Quality Work: A Leadership Guide for the Results-Driven Manager. John Wiley &Sons, Hoboken, NJ.
| REACTIVE | PROACTIVE |
| Incur risks and costs of first-time error exposure | Avoid first-time error exposure |
| $10,000 remediation cost | $1 remediation cost |
| Lengthy Solution | Immediate resolution |
| Delayed identification and remediation cause subpar solution due to limited information availability. Best case solution could be deleting an entire row of data | Best resolution possible because the data creator is providing the fix at the time of entry |
Putting Artificial Intelligence to work
Traditional data quality tools require rules to be created for each error that your enterprise has experienced or anticipates. Leveraging artificial intelligence and deep learning enables protection against errors you cannot predict. Preventing first time exposures to errors can save $10,000 or more per instance in remediation costs as well as preventing risk and much larger costs from decisions based on poor data. Unlike traditional data quality tools that require updates to rules when data requirements and validation changes, AI technologies can adapt to changes by learning from data and responses from users. This avoids the cost of maintaining a large set of data quality rules.
Protecting data assets with TYPO
A small amount of poor data that originated from as few as one point of entry can spread throughout your enterprise and wreak havoc. Bad decisions, missed opportunities, tarnished brands, diminished credibility, financial audits, wasted time and expenses may result.
Because poor data can cause great companies to make bad decisions, we developed Typo, an intelligent data quality service.
Typo inspects data at multiple points of entry and in real-time as data is entered by a device or user of an application. When an error is identified, the user is notified and given the opportunity to correct the error. Typo uses artificial intelligence and becomes smarter as it learns from user responses to error notifications.
How Typo can help your organization
- Supports trustworthy and accurate business intelligence, enabling executives to make decisions with confidence.
- Mitigates costly errors, lost opportunities and damaged reputations by preventing first time exposure to new errors
- Saves time by providing clean data from inception; lessening arduous data cleansing processes, allowing your data management team to work on developing proactive insights instead of reactive data management.
- Improves ROI on transactions across business channels and integrated value chains by preventing data errors as soon as possible in the value chain lifecycle. This isolates the error and prevents negative consequences deeper in the value chain when the errors are more costly to identify and correct.
Why Typo is the best tool for your Data Quality Management
- Typo provides proactive data quality at origin. Traditional data quality tools are reactive because they attempt to address errors after they are saved to the data store. Traditional data quality tools are often applied late in the data lifecycle. Conversely, Typo corrects errors at the time of entry and prior to storage, even on applications hosted by a third party.
- Simple to Deploy and Use. Typo is available as a cloud service that is setup through a responsive web interface. Unlike traditional data quality tools, Typo does not require a team of experts for installation, configuration and maintenance.
- Fast Time to Value. Implementation, testing and deployment of custom rules is not necessary because Typo uses AI and automated algorithms.
- Low Maintenance. Typo uses AI that automatically adapts to change by learning from data and responses from users. Since there no or few custom rules to update when your data quality requirements change, you can spend more time using your data than maintaining it.
- Faster & Higher ROI. Upfront intelligence, that resolves errors in real-time at the first point of entry, alleviates the need for complex remediation workflows and skilled technical teams that manage errors later in the data lifecycle.
To learn more about how Typo can improve your data quality, please visit us at www.typo.ai