Why is Bad Data Making Global Headlines?

Last week, a payment processing error caused delays in paychecks and consumer payments for several US banks due to an issue within The Clearing House's Automated Clearing House (ACH) system. The problem was attributed to manual error rather than a cybersecurity breach. This incident highlights the importance of data observability and maintaining rigorous data reliability standards, as it resulted from bad data management involving schema drift and data reconciliation process issues. Enhancing data quality is essential for informed decision-making, but organizations must also address data drift and schema drift to ensure reliable and accurate data processing.