From the March 2010 issue of Treasury & Risk magazine

Catching Data Degradation

While accuracy in their financial data has always been a top concern, more companies are now fretting about the quality of all the information that flows through their systems. According to a recent survey by Aberdeen Group, a Boston consultancy, "85% of mid- to large-size organizations indicated that they struggle with information quality," says Russ Klein, group director of technology research at Aberdeen.

Input errors are the most common source of problems, followed by "the challenge of data integration, especially across enterprises, with trading partners and other external stakeholders," Klein says. "You have situations where it's difficult to normalize data because the structure of the data is different."

Comments

Advertisement. Closing in 15 seconds.