Company
Date Published
Author
Coralogix
Word count
1095
Language
English
Hacker News points
None

Summary

In the era of big data, businesses are inundated with vast amounts of information, making data quality metrics crucial for informed decision-making and competitive growth. High-quality data is essential for deriving insights, improving customer experiences, and driving sustainable growth, while poor data quality can lead to significant financial losses, reportedly averaging $12.9 million annually according to Gartner. Data quality metrics, such as accuracy, completeness, consistency, timeliness, uniqueness, and validity, serve as key performance indicators that ensure data is healthy and usable. To optimize these metrics, companies should align them with specific use cases, identify and address pain points, implement data profiling and cleansing, continuously monitor for trends and issues, and make metrics actionable for stakeholders. This approach allows businesses to maintain high data quality standards, enabling prompt actions and informed decisions that enhance overall business performance.