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Data tells us who our best customers are, which staff members perform well and how to improve efficiency in our businesses. Companies need this data to make the right decisions about their current and future direction.
But leaders must be sure that the information they’re working from is accurate, up to date, consistent and concise. Below, we explain what data integrity is and recommend five resources to help you improve data management and integrity in your business.
Data integrity refers to how reliable a database is throughout its life cycle. Can the information a database contains be trusted?
For a database to have integrity, it needs the following five characteristics:
There are two types of data integrity: physical integrity and logical integrity.
Physical integrity refers to who has access to data. Data can be stored either on hardware, including cloud hardware, and/or removable media like flash drives and DVD-ROMS. To achieve physical integrity, your data must be retrievable immediately following an event, such as flooding, extreme weather, device failure, cyberattack and connectivity and power outages.
Logical integrity requires the following four characteristics:
Businesses require accurate, up-to-date data to make the best decisions. Data gives stakeholders and executives a better understanding of their strengths and weaknesses in comparison to their competitors. Data allows businesses to identify opportunities to reduce costs, increase productivity and enter new markets.
The best everyday decisions are made using real-time data. This lets you have a pulse on your business’s efficiency in the marketplace and on the performance of your competition.
However, the reality is that many executives and small and medium-sized business owners don’t have access to what they need. According to recent findings by HFS Research, 90 percent of executives believed that high-quality data was a critical factor for ensuring successful outcomes. But about 75 percent of them do not have a high degree of trust in their own data or their company’s data architecture.
Tip: You might find planning and implementing a data breach and cybersecurity plan easier by working with an independent IT partner.
The most common threats to data integrity are:
Now that you understand why data integrity is so valuable for companies, it’s time to learn how to achieve it. When stakeholders and executives are confident in their data, they can move forward more aggressively with plans and growth.
Most big companies gather data through numerous approaches, including the following:
Plenty of companies use a combination of these data-collection methods. But what can you do to ensure data integrity? Here are some ideas:
Data integrity practices help to stop CRM data decay meaning that, when you reach out to customers with new products and services, you won’t be working with out-of-date contact details.
There are a number of data integrity management tools available. Make sure that you choose the one whose core set of features best matches the data integrity aims and policy you create for your business.
Here are a few options to consider:
Digital Guardian safeguards your data from inappropriate access by both outside, malicious attacks and inadvertent disclosures. You can keep track of who accessed your data and what they did with it allowing you to respond quickly to breaches and you can ensure stakeholders that reports are drawn from data that was not altered in inappropriate ways.
Varonis offers a variety of data-management solutions including a classification system that automatically identifies sensitive information. For organizations that have multiple levels of access, this can significantly reduce the resources needed to safeguard information while keeping data available for appropriate business use.
Explorance helps companies gather accurate data and analyze it for decision-making purposes via its Blue survey software. You can use it to poll between 100 and 200,000 people within your organization.
Panoply collects and combines disparate data, housing it in a single, catch-all warehouse that can be queried for analytical purposes. Panoply makes it easier to get a clear, big-picture analysis from a variety of sources, including marketing surveys, industry reports and internal sales figures.
Ataccama ONE is a cloud-based, on-premises and desktop platform that brings data together and offers analysis guidance via smart profiling. This is in addition to its core automated data collection and curation functionality.
Whether you opt for a resource from this list, find another software program that meets your needs or decide to develop something in-house, if your data isn’t accurate and timely, your business will suffer. So, take the necessary steps today to ensure data integrity is a high priority for your company.