6 Features That a Data Quality Management Tool Should Have

6 Features That a Data Quality Management Tool Should Have
Data has emerged as a key decision-making tool for today. The data-driven enterprises gather information from all the sources it can, structures this information and then analyzes it to get rich and actionable insights. This data could relate to customers, suppliers or employees depending on the source it comes from and the people it involves. Accordingly, the analytical insights received from it can be used for decision-making for that specific set operations. For instance, the customer data is used to take sales and decisions while that related to suppliers and employees drive decisions related to the production and operational functions.

Now that the significance of data for businesses is well understood, you also need to understand the importance of accuracy and reliability of the data that you plan to use for decision making. In simple words, only the data that is relevant, updated and accurate is capable of serving value to the business. Hence, you need to have a data management plan and process in place if you want to derive true value from the information you gather. The best way to do this is to invest in reliable data quality solutions like Firstlogic. Before choosing any such quality management tool, you should be aware of the features to look for in it. Let us list the features that a data quality management tool should ideally have.

1. It should maintain consistency and relevancy in data

A reliable and result-oriented database management strategy addresses the concerns related to accuracy, validity, integrity, timeliness and completeness of data. A quality tool that maintains consistency and relevancy of data forms the mainstay of such a strategy. Therefore, when you opt for a tool, you must ensure that it is capable of maintaining clean and consistent data sets at all stages. It should serve as a single, unified platform where different groups can report across and share information for subsequent use.

2. It should have a reliable architecture

Another feature that a data quality management tool must absolutely have is a reliable and robust architecture. Look for one that can engage different users through the data cleansing cycle by enabling them to store high volumes of information in an effortless and hassle-free manner. Additionally, ensure that the tool provides a smooth and easy flow of data along with simplified processes. Moreover, its architecture should be designed to eliminate duplicate data, monitor the integrity of the source systems and feed only accurate information into the entire systems.

3. It should have an easy user interface

The user interface of any tool is of great significance as it is the platform that builds a connection between the tool and its users. A simple and easy-to-use interface is a plus point for any data quality management tool as it makes it useful for even the novice users. Intuitiveness is the key as it enables the user to understand the entire workflow of the tool as a part of its design.

4. It should facilitate the management and enrichment of data

When you choose a quality management tool, look for one that facilitates the management and enrichment of data in addition to ensuring its quality. This is possible if the tool allows the creation of rules and incorporation of data standards for the purpose of managing and the information it handles. Data enrichment, on the other hand, encompasses the validation of the database you already possess within your systems and cleansing it. It can then be combined with the new information you fetch to deliver richer and broader insights.

5. It should support data security

With the implementation of regulatory compliances such as General Data Privacy Regulation (GDPR), information security has become a matter of great concern for businesses. So security is one feature that your quality management tool must absolutely have. It should be empowered with role-based security that enables you to define access rights to the database. It should ensure that the business data does not have any vulnerability which could be exploited from within the organization or by external parties.

6. It should provide effective reporting

Effective reporting is the key feature of any database management tool. This is the reason that you should opt for one which is capable of delivering timely and useful reports about the entire database as well as data management activities. At the same time, you need to make sure that these reports are easy to read, understand and utilize, in addition to being available in different formats.

The choice of a data quality management tool can make all the difference to the results that you can get with this business investment. Cleaner data drives better decisions, which are capable of taking your business to the next level. So you should invest in a tool that has all these features which make it a reliable one.

NetMarketZine is an officially authorized and remunerated associate for recommending high quality products found on this website. Links on this website may be associate links which means if you click on a link of a recommended product, I/we may receive monetary compensation. However, this does not affect any unbiased information presented on this website. The owner of this website is a participant in the Amazon Services LLC Associates Program, an affiliate program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon properties including, but not limited to, amazon.com, endless.com, myhabit.com, smallparts.com, or amazonwireless.com. Additional affiliate programs and networks may include Avantlink, CJ, Clickbank, Walmart, BestBuy, AliExpress, and others.

You May Also Like These Topics...

What is GIF Format?

GIFs are nothing but animated images. Though gifs appear to be similar to videos they really aren't. A is an image format that plays many pictures together in a sequence, very much like a flipbook. They don't support any sound and take very little storage space. There are plenty of online apps out there […]

Bitcoin Could Possibly Sink Even More, But You Can Still Profit with the Staff at the Blockcharter.

Blind hope for a recovery or perhaps a bull run is one thing every speculator has experienced at least one time. The Professionals at JP Morgan have forecast that Bitcoin (BTC) could possibly tumble below $1,260, while banks will not likely reap the benefits of blockchain for a minimum of 3 to 5 years. (Reuters […]

Are Robot Vacuums Actually Getting Better?

There has been a lot of conspiracy theories around robots lately, especially during the last decade, where they've become smarter and more autonomous than ever before. Robots are now to a greater extent able to think for themselves, simply because of the ever evolving artificial intelligence, that more and more systems come equipped with. One […]

Allegro.ai Launches New Startup and Partner Programs

After receiving investments from leading enterprises Hyundai, samsung and Bosch, the enterprise focused deep learning computer vision startup allegro.ai is declaring the launch of two important enterprises – The Startup Program and The Partner Network. Founded in 2016, allegro.ai announced this week that it will be making its enterprise grade solutions available to selected startups that demonstrate the […]

Tags: , , , , ,
Previous Post
082418_0556_3WaystoGetS1.jpg
General

3 Ways to Get Slow-Paying Clients to Clear Pending Invoices

Next Post
071618_2219_HowtoEffect2.jpg
Internet Marketing Mobile Marketing Social Media Marketing

How to Effectively Target Your Marketing

Leave a Reply

0 Shares
Tweet
Share
Share
Pin