1. Staff saving local copies of corporate data
2. Data management challenges in system upgrades
3. Accessibility for teams
4. Inconsistent formats
In 1999, NASA lost its $125-million Mars Climate Orbiter because its engineers failed to convert from English to metric measurements. Said otherwise, a simple mathematical error stemming from inconsistent formats was to blame.
The same goes for data. If data is stored in inconsistent formats, the systems used to analyse or store the information may not interpret it accurately. As an example, simple things such as name, date of birth or phone numbers should be saved in the same format across the board.
5. Incomplete data
6. Duplicate data challenges
Duplicates overburden computation and storage space. Worse, they can produce skewed or incorrect insights, particularly when they remain undetected. Typically, human error is to blame. However, it can indicate a malfunctioning algorithm.
One solution is using human insight, data processing and algorithms to flag potential duplicates based on likelihood scores and common sense where records look like a close match.
If tough data management challenges are getting between you and leverage for your business, contact Robinson Ryan today to set up a consultation and let’s discuss potential solutions.