ROI Analysis shows the impact of data quality on your company's important outcomes.
What is ROI Analysis?
Return on Investment (ROI) Analysis allows data governace professionals to see the impact of poor data quality on the company's key metrics. Outcome variables (ones that impact the your bottom line) are identified and isolated. Aspects of poor data quality are measured and evaluated for their impact of the outcome variables. The analysis gives you the abiltity to see the impact of poor data quality on the important variables.
In one analysis conducted in a Fortune 500 company, over $6 million in savings were identified on just 15 columns of data.
Benefits of ROI Analysis
ROI Analysis provides these benefits:
- Supports data govenance project with impact calculations on poor data quality.
- Prioritization of critical factors and projects.
- Starting point to measure projects ROI performance.