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    Home » 7 Key Steps Your Business Should Take After Data Collection

    7 Key Steps Your Business Should Take After Data Collection

    npsBy nps20 July 2022Updated:26 June 2024 No Comments5 Mins Read
    — Filed under: Focus
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    Once data is collected, it is important to ensure that it is of use to your team. Therefore, you will need to establish and maintain high levels of data quality.

    This is a constant challenge for organisations of all sizes due to the increasing amount of data they’re generating every day. Moreover, data has become a key tool in uncovering new business insights and driving effective decision-making. It is best to develop a proactive approach, which can help you avoid data errors and identify issues before they even occur. As a result, good quality data will provide your business with better leads and an improved understanding of your audience and their needs. Below we will look at seven steps you can take following data collection.

    Enhance Your Data

    Firstly, it is crucial to ensure that you have the right data collection instruments to enhance your data. Pareto offers quality data collection forms, web research services, and lead generation for growing businesses and start-ups. Alongside data collection, they can help your team stay focused on high leverage work by taking care of repeatable tasks with unmatched efficiency. If you require support with complex, manual processes, all you need to do is write or record your instructions, set a weekly budget, and review initial results. Then you can request revisions at no extra charge so that you can grow your business from the ground up.

    Manage Data Quality

    Next, you will need to prevent incorrect or incomplete data from affecting business operations and processes. Performing proactive data quality checks and reviews should be a core component of your quality improvement strategy. To achieve optimum results, it is recommended to identify data and subject matter experts, who can assist you with the reviews. You should also prioritise the importance of different data sets and correct incorrect data values and issues. In addition, there are plenty of data quality software tools, which can help you with your data quality analysis and data cleansing efforts.

    Prevent Future Data Errors

    Ensuring data quality is not just about correcting current issues, but also preventing future errors from occurring. Therefore, it is key to address the root causes of data quality issues in your company. For example, a lack of oversight by IT may lead to poor data quality, which can result in faulty business decisions. It might be useful to design and implement data quality dashboards to monitor critical data assets and determine what to do in case your business suffers a data breach. Moreover, if duplicate data sets are not in harmony, there will not be a single source of truth that your organisation can rely on.

    Invest In The Right People

    Finding and hiring skilled data specialists can be challenging and expensive. Therefore, you can always look inside your organisation for IT and data management personnel, who may be interested in this opportunity. Then it is important to give them time and provide them with the right training and skills they need to learn the basics of data quality, as well as the tasks and techniques involved. Focus on building a robust training program by taking into consideration your budgetary constraints and the people you have available to support you.

    Promote A Data-Driven Culture

    It is also important to create a data-driven culture, which follows a specific set of values, behaviours, and norms to ensure the effective use of data within the organisation. Consequently, everyone in your team should acknowledge their role in data quality. You can start by developing an organisation-wide definition of data quality, as well as a detailed plan for error resolutions. Another key strategy to consider is to provide business users with the ability to flag and address data quality issues.

    Decide What Metrics To Use

    There are different dimensions that can be used to measure data quality levels. To identify and document the metrics that you will use during the process of analysing data, you should work with data quality specialists and IT staffers. It is essential to continue to be proactive so that you can evaluate the progress of data quality improvement efforts. Bear in mind that the data quality metrics and the analysis procedures you have in place might need to be adjusted over time. Prior to using particular KPIs or other metrics in future evaluations, data specialists will need to check if they are still applicable.

    Communicate Actions And Results

    You should make all stakeholders aware of the activities in order to generate interest and promote participation. If you want to get more people involved in the stages following data collection, you should frequently discuss data quality errors, potential causes, initiatives, tests, and results. During the data lifecycle, there are two critical moments, including the moment it is created and the moment it is used. Therefore, minimising errors at the moment of creation and addressing quality issues at the source will enable you to ensure data quality at the moment it is used.

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