We see first-hand what differences data quality can make in a business...
Bethlehem, PA (PRWEB) March 22, 2010
Today the Electronic Commerce Code Management Association (ECCMA) announced the release of a landmark white paper on managing a data cleansing, data cleaning or cataloging project.
Designed to provide company executives and project managers with a detailed understanding of the process, the document includes the steps to successfully completing a project on time and on budget along with a Work Breakdown Structure (WBS) and guideline data cleansing prices for 2010.
The document is written by Peter R. Benson, the founding director and Executive Director of ECCMA. Mr. Benson is the original author of the UNSPSC, the first international Spend Analysis classification, as well as the designer of the ECCMA Open Technical Dictionary (eOTD). He is also the project leader for ISO 8000, the new international standard for data quality.
The process of data cleansing has, at its roots, the Federal Cataloging Act of 1952 and the subsequent $3 billion investment made by the U.S. Department of Defense and members of NATO in the creation of the world’s largest catalog. In 2001, ECCMA was asked by the Department of Defense to lead a project to turn the Federal Cataloging System into an open public standard in an effort to reduce the cost of cataloging. Leveraging its work on the UNSPSC, ECCMA developed new open standards and shared resources that are at the heart of today’s data cleansing industry; a highly competitive industry that is constantly driving up the quality of cataloging, while reducing the cost.
Commenting on the rapid growth of the data cleansing industry, Peter Benson said, “Data quality has rapidly moved from being seen as a purely technical issue to being recognized as an important issue for senior management. As the level of awareness grows, so does the solutions, with substantial growth in both data cleansing services and software applications that manage data quality. There can be little doubt that there is a lot of very poor quality data in business and government today. There is also a growing recognition that it is a problem worth fixing. It is not hard to show how a business can save 15% of its expenditure on maintenance, repair and operation (MRO) costs and it is not hard to identify very large or catastrophic losses attributed to errors or miscommunication caused by simple data quality errors.”
Commenting on the release of the white paper, Dr. Salomon de Jager, the CEO of PiLog™ International said, “We see first-hand what differences data quality can make in a business, from better cost control in the short term, to better contracts in the long term, as well as dramatic savings on expansion projects. This white paper documents the state of the art and how far the industry has come. We are glad to be a recognized leader in this dynamic industry.”
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