Data Quality Class 2 David Loshin. Goals Cost of low data quality Mapping the information chain Data Quality impacts Economic measures Impact domains.

Slides:



Advertisements
Similar presentations
Clarification Workshop
Advertisements

Pricing Decisions and Cost Management
First create and sign up for a blue host account Through the help of Blue Host create a WordPress website for the business After you created WordPress.
Quality Cost Management
Improving Your Business Results Six Sigma Qualtec Six Sigma Qualtec Six Sigma Qualtec – All Rights Reserved June 26, 2002 BEYOND SIX SIGMA: A HOLISTIC.
Copyright © 2011 Accenture All Rights Reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. October 28, 2010 Change.
Steve Anderson ACT Workforce Development Return on Investment.
Chapter 2 The Financial Impact of Human Resource Management Activities McGraw-Hill/Irwin © 2006 The McGraw-Hill Companies, Inc. All rights reserved.
Data Quality Class 2 David Loshin. Goals Overview of Databases Cost of low data quality The information chain Use of Mini Tools.
ES INC: Economic and discounted cash flow techniques: a comparison with respect to the Requirements of the Management Control System.
Data Quality Class 3. Goals Dimensions of Data Quality Enterprise Reference Data Data Parsing.
Data Quality David Loshin. Course Structure Overview of Data Quality –Data Ownership and Data Roles –Cost Analysis of Poor Data Qaulity Dimensions of.
Chapter 14 Supply Chain Management
Data Quality David Loshin Knowledge Integrity Inc.
Event Processing Course Event processing networks (relates to chapter 6)
Today I will: Learn the role value plays in pricing decisions So I can: Explain the goal of pricing I will know I’m successful when: I see the value of.
1 Cost Analysis Control costs –Improve cost structure – problems show up Cost structure – relative proportion of each type of cost – fixed, variable, mixed.
©2005 Prentice Hall Business Publishing, Introduction to Management Accounting 13/e, Horngren/Sundem/Stratton Management Control Systems and Responsibility.
Project Control Farrokh Alemi, Ph.D. Lee Baliton.
Economic Aspects of Information Systems Updated 2015 MIS 2000 Information Systems for Management Instructor: Bob Travica.
© 2010 Plexent – All rights reserved. 1 Change –The addition, modification or removal of approved, supported or baselined CIs Request for Change –Record.
9 - 1 ©2002 Prentice Hall Business Publishing, Introduction to Management Accounting 12/e, Horngren/Sundem/Stratton Chapter 9 Management Control Systems.
Bogdan Lazaroae: Using technology for improved decision making Bucharest, Romania, May 30, 2007 From Call Data.
© 2012 Pearson Prentice Hall. All rights reserved. Balanced Scorecard: Quality and Time —modified by CB.
CHAPTER 6 PRODUCT QUANTITY DECISIONS AND STOCK MANAGEMENT.
© 2011 Pearson Education, Inc. publishing as Prentice Hall Defining Quality The totality of features and characteristics of a product or service that.
Value Analysis/ Flow Analysis
Cost of Quality - COQ MGMT-5060 Operations Management.
COMPANYWIDE ASSESSMENT OF QUALITY
Reporting to Management Using Microsoft Project and EPM Derek Loar, Pcubed.
Human Resource Management Lecture 27 MGT 350. Last Lecture What is change. why do we require change. You have to be comfortable with the change before.
Activity Based Management
Integration of the Sales Force AN EMPIRICAL EXAMINATION Erin Anderson & David C. Schmittlein, Rand Journal of Economics, 1984 Joshua Downs 9/6/2015.
1 CHAPTER 18 MODERN DEVELOPMENTS IN MANAGING OPERATIONS.
0 0 Six Sigma – Financial Overview. 1 1 Roles and Responsibilities of the Finance Support Team Policy Setting – Define Savings/Benefits – Provide tools.
T2-4: Enterprise performance Chin-Sheng Chen Florida International University.
History of Quality Management(1 of 2)
0 Six Sigma Project Guidance. 1 Roles and Responsibilities of the Finance Support Team Define Savings/Benefits Provide Financial Support – Project Selection.
© 2012 Pearson Prentice Hall. All rights reserved. Balanced Scorecard: Quality and Time —modified by CB.
© 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
Management 200: Control Chapters 18 & 20 Controlling for Organizational Performance w Learning Objectives: Elements of the control process Measure Compare.
Objectives: Recognize the role value plays in pricing decisions Explain the goal of pricing See the value of Pricing as one of the key components of the.
Modeling Issues for Data Warehouses CMPT 455/826 - Week 7, Day 1 (based on Trujollo) Sept-Dec 2009 – w7d11.
© 2009 Pearson Prentice Hall. All rights reserved. Quality Cost.
Copyright © 2013 Nelson Education Ltd.
©2005 Prentice Hall Business Publishing, Introduction to Management Accounting 13/e, Horngren/Sundem/Stratton ©2008 Prentice Hall Business Publishing,
Workshop October 2015.
Copyright 2004 ROI Institute, Inc. how me the money! Moving from Impact to ROI Patti Phillips, Ph.D.
©The McGraw-Hill Companies, Inc. 2008McGraw-Hill/Irwin Chapter 5 Cost: The Price of Value Creation.
Lynn Schmidt, PhD ATD Puget Sound October 21, 2014.
7 Strategies for Extracting, Transforming, and Loading.
1 SMD and Efficiency Programs Standard Market Design (SMD) –Implemented March, 2003 –Major feature, locational assignment of costs and locational price.
© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin Financial & Managerial Accounting The Basis for Business Decisions FOURTEENTH EDITION Williams.
Information Integration 15 th Meeting Course Name: Business Intelligence Year: 2009.
Return on Investment De Kock, Philip Training Evaluation & Measuring ROI on Training. Ripple Training, Cape Town, January 2007.
Business Models and Information Flow 10 th Meeting Course Name: Business Intelligence Year: 2009.
ICS Area Managers Training 2010 ITIL V3 Overview April 1, 2010.
11 ADM2372 Management Information Systems (MIS) Chapter 10 – Part I Systems Development Chapter 10 – Part I Systems Development.
9 - 1 Chapter 9 Management Control Systems and Responsibility Accounting.
Volt Workforce Solutions Utilizing a Six Sigma Approach to Reduce Unwanted Turnover March 29, 2012 ©2010 Volt Information Sciences, Inc. All rights reserved.
Quality and Environmental Cost Management
CECE FICCI Quality Costs & Profit Chapter no.2 CECE FICCI Many people think that quality costs money and adversely effects profits. But these costs are.
Balanced Scorecard: Quality, Time, and the Theory of Constraints
Introduction To DBMS.
B.6 Roadmap 2013 – 2014 SDMX RI User Group Luxembourg, September 2013.
Pricing Decisions and Cost Management
Data Quality By Suparna Kansakar.
Fundamentals of Cost Management
©2005 Prentice Hall Business Publishing, Introduction to Management Accounting 13/e, Horngren/Sundem/Stratton ©2008 Prentice Hall Business Publishing,
Presentation transcript:

Data Quality Class 2 David Loshin

Goals Cost of low data quality Mapping the information chain Data Quality impacts Economic measures Impact domains Building the Data Quality ROI Model

Goals 2 Data Cleansing Project –Goal of the application –Components of the application

Cost of Low Data Quality Data quality is measured using anecdotes “Hazy” feeling of wrongness Desire to gauge the true cost of poor data quality

5 Steps Map the Information Chain Categorize costs associated with low data quality Identify and estimate actual effect Determine cost of fixing problem Calculate Return on Investment (ROI)

Evidence of Economic Impact Frequent service interruptions and system failures Drop in productivity vs. volume High employee turnover High new business/continued business ratio Increased customer service requirements Customer Attrition

The Information Chain Data flow model Processing stages Communication/data transfer

The Information Chain 2 Data Supply Data Acquisition Data Creation Data Processing Data Packaging Decision Making Decision Implementation Data Delivery Data Consumption

Information Chain 3 Information chain = data flow graph Processing stages are vertices in graph Directed message-passing channels = directed edges Examples

Impacts of Low Data Quality Hard impacts: can be estimated and/or measured Soft impacts: hard to measure, but definitely are evident

Hard Impacts Customer attrition Costs attributed to error detection Costs attributed to error rework Costs attributed to prevention of errors Costs associated with customer service Costs associated with fixing customer problems Costs associated with enterprisewide data inconsistency Costs attributable to delays in processing

Soft Impacts Difficulty in decision making Time delays in operation Organizational mistrust Lowered ability to effectively compete Data ownership conflicts Lowered employee satisfaction

Economic Measures Cost Increase Revenue Decrease Cost Decrease Revenue Increase Delay Speedup Increase Satisfaction Decrease Satisfaction

Impact Domains Operational Tactical/Strategic

Operational Impacts Detection Correction Rollback Rework Prevention Warranty Reduction Attrition Blockading.

Tactical/Strategic Impacts Delays Preemption Idling Increased Difficulty Lost opportunities Organizational mistrust Alignment Acquisition overhead Decay Infrastructure

Putting it Together Map the information chain Conduct interviews to locate data quality problems Annotate information chain with location of data qualty problems Identify impact domains for each problem Characterize economic impact (=cost!) Aggregate totals

ROI Model Create a spreadsheet with assigned costs Add in costs of improvements Determine best return on investment

Data Cleansing Project Write an application to cleanse data –Record Parsing –Metadata cleansing –Data standardization –Data correction –Data enhancement

Record Parsing Data element types –first names –last names –honorifics –titles –street names –directions –business words –etc.

Data Domains Data types Subclassed data types = domains Mappings between domains

Data Domains 2 Data type = char(2) –676 possible non-punctuation members Data Domain: US State abbreviations –62 possible members Subclassed data domain: “New England” –{“ME”, “NH”, “VT”, “MA”, “CT”, “RI”}

Data Domains 3 Enumerated domains –All values are explicit Rule-based domains –Domain definition is generative

Record Parsing Tokenizing data elements within an attribute Assign meaning to tokens –Domain membership –Patterns –Context

Tokenizing Straightforward –white-space separated –punctuation – important or not? –Result: stream of tokens

Domain Membership Can each token be assigned to a domain? –Based strictly on token value –Based on patterns –Based on context

Domain Membership 2 Domains can be maintained in memory using hash tables Search for domain membership is the same as hash table lookups What if a token belongs to more than one domain?

Patterns Certain kinds of data attributes are organized around token patterns Example: names can appear using these kinds of patterns: (title) (first) (middle) (last) (title) (first) (initial) (last) (first) (middle) (last) (last) (comma) {first) (middle) etc.

Context What happens when a token belongs to more than one domain? We can use context to infer decision Build weights based on frequency = training

Next Week Dimensions of Data Quality Project specification