Enterprise Decision Makers Recognize Data isn’t Trusted When Making Decisions In Their Organization
NEW YORK and LONDON, Jan. 30, 2023 (GLOBE NEWSWIRE) -- New research shows the top data management priorities for data and IT decision makers at organizations in banking, insurance, and the public sector across the US, Canada, and the UK. The research - commissioned by Quantexa, a global leader in Decision Intelligence (DI) solutions for the private and public sectors - finds that less than half (42%) of Data and IT leaders believe that all business units trust the accuracy of data available to them. In addition, more than one in five leaders (27%) do not think their organization is maximizing the value of its data.
- In addition, more than one in five leaders (27%) do not think their organization is maximizing the value of its data.
- This is a change from 2021 when improving data quality was a top priority for only 26% of organizations.
- A vital component to improving data quality is removing duplicates from data sets – so all functions in an organization have an accurate, single view to make confident and trusted decisions.
- The duplicated data sits lurking in data lakes, warehouses and databases and is preventing data/IT leaders from maximizing the value of data across their organization.