Business of Data by Corinium recently published survey results on how 300+ data executives manage enterprise data assets to fuel reliable data-driven decision-making. Effective decisions depend on data that’s accurate, consistent and contextual.
Key findings include: data teams spend 40% of time on data cleaning, integration and preparation; 35% say staff will trust a data-driven insight that conflicts with their intuition; 88% say lack of staff with the right skills is creating challenges for data integration projects; 88% are building automation into data management processes; 82% say data quality concerns represent a barrier to data integration projects; and 80% find it hard to ensure data is enriched consistently at scale.
MOSIMTEC specializes in simulation modeling to build digital twins, which requires clean, accurate and near-real-time data. Projects typically focus about 40% of time on data-related issues to ensure needed data quality and integrity, another 40% on understanding and accurately mapping the physical properties of the system. We help companies avoid common data-related pitfalls based on our work in the trenches of >300 projects. We work with big data every day and know how to make it work for you. MOSIMTEC data scientists can help. Learn more about our simulation consulting services here: https://mosimtec.com/simulation-consulting/
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Read more here: https://business-of-data.com/reports/data-integrity-trends-chief-data-officer-perspectives-in-2021/