A large durable-goods manufacturer recently found through a study that its software engineers were spending close to 60% of their time transforming and cleaning data – or, in other words, wasting time on a problem that could be mitigated instead by better design and optimisation of information systems, as Gahl Berkooz illustrated for Harvard Business Review. The same manufacturing company found that projects were spending 12% of their budget on data quality issues, Berkooz writes. Meanwhile, investment in improving individual data sources often benefits multiple departments simultaneously. Maybe that’s why, as Berkooz points out, more and more companies are hiring chief data officers.
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