Everyone has experienced the painful pleasure of trying to work on a project with a tool that wasn’t made for the job. Maybe you have tried fixing leaky plumbing with a pair of pliers, or how about cutting a 2 x 4 with a hacksaw? The job took way too long to complete and you probably destroyed the new item you just tried to install. This phenomenon most frequently occurs during the holiday season, when an overtired parent tries assembling an amazing gift for the 5-year-old, with a tool that was taped inside the box. It causes frustration, damage and sometimes bloody knuckles. We usually muscle and engineer our way through the project, but in the end, we end up frustrated and disappointed. At the end of the day, we should have listened to the voice in the back of our heads, and the even more real voice of our spouse telling us to “use the right tool!” We should have listened to that sage wisdom.
Data cleansing and data management are no different than those befuddled projects. They require the use of the proper tools to get the proper results. We won’t be doing much sawing, pipe turning or screw tightening, but we will be managing a major assembly project that requires the use of proper data cleansing tools to get the expected results. These are the results that can give your business a competitive edge across a global marketplace. In a recent report by Knowledge Integrity,Inc., they take a look at the impact of data cleansing tools on your business. These included:
- Financial impacts, such as increased operating costs, decreased revenues, missed opportunities, reduction or delays in cash flow, or increased penalties, fines, or other charges.
- Confidence and satisfaction-based impacts, such as customer, employee, or supplier satisfaction, as well as decreased organizational trust, low confidence in forecasting, inconsistent operational and management reporting, and delayed or improper decisions.
- Productivity impacts such as increased workloads, decreased throughput, increased processing time, or decreased end-product quality.
- Risk and compliance impacts associated with credit assessment, investment risks, competitive risk, capital investment and/or development, fraud, and leakage, and compliance with government regulations, industry expectations, or self-imposed policies (such as privacy policies).
So, when you are considering data cleansing tools for your business, make sure you have all the right ones. Data Ladder is the right partner for you with the right tools in place to make your data cleansing perform flawlessly. Download a free trial today and ensure your project is built properly!