Data Quality: Fortune 500 Companies Underlying Issue

By adopting this standard, Fortune 500 companies reduce costs.

Bethlehem, PA (PRWEB) August 10, 2011

There are bigger issues for Fortune 500 companies to be concerned about than trying to rank themselves higher than Walmart, who has held the top position on the annual list for the last 2 years. There’s an ever growing concern about the quality of one’s data, whether it deals with inventory, catalogs or standard forms. More and more companies are beginning to realize they can cut costs and save time by having “quality” data, which is why ECCMA chose to host a 2 day summit about data quality solutions and the benefits to using ISO 8000.

ECCMA, the project leader for ISO 8000, is holding its 12th Annual Data Quality Solutions Summit at the Chateau Resort and Conference Center in Tannersville, Pennsylvania (also known as the Poconos) from October 25th through the 27th. The summit is focused on the practical implementation of ISO 8000 to improve the quality of data. Seasoned experts and newcomers from across all industries will meet at the summit to share challenges and opportunities in managing data quality.

The new standard, ISO 8000; defines the characteristics of quality as they are applied to data and identifies how the quality of data can be objectively measured. Unlike many published books on data quality, the standard represents the consensus of international experts who have been in this field for 20+ years.

By adopting this standard, Fortune 500 companies can reduce the amount of time locating an item, staffing individuals who spend countless hours figuring out why there are 5,000 Wind Turbines instead of 5,000 Steam Turbines in their inventory and now need to get that order out for more steam turbines and figure out what they’re going to do with all those wind turbines. The definition of quality in ISO 9000 is “meets stated requirements” therefore you can only make a claim to “quality data” if you can compare the data to a data requirement. Stating a data requirement is not complicated, every printed or electronic form is a statement of a requirement for data. Responding to requests for data happens on a daily basis, the problem with the quality of the data often starts with the clarity of the request for data.

Commenting on the need to be able to state a data requirement, Mr. Peter R. Benson the executive director of ECCMA stated: “ISO 8000 highlights the fact that data quality is not a technical issue but a practical business concern, if the data does not meet the business requirement then it is not quality data. Making all forms and all requests for data ISO 8000 compliant is the first step towards achieving quality data.”

At this summit, topics presented will be on the latest data quality solutions including a demonstration of an easy to use data quality dashboard that allows users to see how ISO 8000 data quality is measured and how to easily identify problem areas. Other topics of interest discussed will be practical insights into data governance, resolving the related issues of data portability and long term data retention. Attendees come from varies industries such as health care, finance, insurance, defense contracting, as well as, manufacturing and processing.Specific questions or concerns will be addressed during round table discussions.

Commenting on the summit, Dr. Salomon de Jager the CEO of PiLog® Data Quality Solutions stated “The ECCMA Data Quality Solution Summit is an excellent place to demonstrate, as well as, explore new solutions that leverage ISO 8000. I’ve been attending this summit for the last 4 years and am always learning something new and beneficial to our company”.

Also, commenting on the summit, Dr. Gerald Radack the editor of ISO 8000 stated: “The ECCMA summit is a great place for implementers to discuss changes to the standard and for newcomers to find mentors that can help them with their implementation.”

Discounts on the summit are available for those who register by August 31st. Prior to the summit is an ISO 8000-110:2009 Master Data Quality Certification Workshop on Tuesday, October 25th 2011. Take the next step to improve the quality of your organization by attending this summit and learn about meaningful solutions with quick results.

EDITORS NOTES:
The Electronic Commerce Code Management Association (ECCMA) is an international not for profit membership association focused on the development and implementation of international standards for data quality. ECCMA is the project leader for ISO 8000 (data quality) and ISO 22745 (exchange of characteristic data). ECCMA manages a repository of data requirements (the ECCMA Data Requirement Registry – eDRR) where all data requirements are encoded using the same concept dictionary (the ECCMA Open Technical Dictionary – eOTD). The eOTD is the largest open technical dictionary in the world. The eOTD contains concepts and associated multilingual terminology and serves as a common public repository where each concept and each term, definition or image that explains a concept is given a public domain identifier. These identifiers are used to create language independent portable data and to map concepts between applications, lowering the cost of data integration and data migration.

Click here for more information about this summit or email the summit organizer at conference(at)eccma(dot)org.

Click here for more information about the ISO 8000 workshop or contact Krysten Wolf at krysten.wolf(at)eccma(dot)org.

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