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Information value

Characteristic Name: Information value
Dimension: Usability and Interpretability
Description: Quality information should provide a business value to the organization
Granularity: Information object
Implementation Type: Process-based approach
Characteristic Type: Usage

Verification Metric:

The number of tasks failed or under performed due to the lack of business value delivered by the information
The number of complaints received due to the lack of business value delivered by the information

GuidelinesExamplesDefinitons

The implementation guidelines are guidelines to follow in regard to the characteristic. The scenarios are examples of the implementation

Guidelines: Scenario:
Continuously asses the relevance and the usefulness of existing data to the organisational goals (Strategic level). (1)What is the cost of poor quality customer data to the organisation in concern?
(2) What revenue can be generated from data?
Continuously asses the usefulness of information based on the tasks at hand (Operational level) (1) Can we predict our future market share from the existing market information?
Monitor and Measure if the intended goal of the data presentation/Interpretation is achieved (1) Employee efficiency data is displayed in a dash board to motivate employees. The effectiveness of this display can be measured by examining the efficiency gain of each employee.
(2) Has the given sales forecast for the last three years been reasonably accurate compared to actuals.

Validation Metric:

How mature is the process to maintain the business value of information

These are examples of how the characteristic might occur in a database.

Example: Source:
Consider a database containing orders from customers. A practice for handling complaints and returns is to create an “adjustment” order for backing out the original order and then writing a new order for the corrected information if applicable. This procedure assigns new order numbers to the adjustment and replacement orders. For the accounting department, this is a high-quality database. All of the numbers come out in the wash. For a business analyst trying to determine trends in growth of orders by region, this is a poor-quality database. If the business analyst assumes that each order number represents a distinct order, his analysis will be all wrong. Someone needs to explain the practice and the methods necessary to unravel the data to get to the real numbers (if that is even possible after the fact). J. E. Olson, “Data Quality: The Accuracy Dimension”, Morgan Kaufmann Publishers, 9 January 2003.

The Definitions are examples of the characteristic that appear in the sources provided.

Definition: Source:
1) A measure of the degree to which data will produce the desired business transaction or outcome.

2) A measure of the perception of and confidence in the quality of the data; the importance, value, and relevance of the data to business needs.

D. McGilvray, “Executing Data Quality Projects: Ten Steps to Quality Data and Trusted Information”, Morgan Kaufmann Publishers, 2008.
As a data quality-oriented organization matures, the agreement of usage will move from a small set of “early adopters” to gradually encompass more and more of the enterprise, Ubiquity measures the degree to which different departments in an organization use shared reference data. LOSHIN, D. 2001. Enterprise knowledge management: The data quality approach, Morgan Kaufmann Pub.
Data are beneficial and provide advantages for their use. WANG, R. Y. & STRONG, D. M. 1996. Beyond accuracy: What data quality means to data consumers. Journal of management information systems, 5-33.

 

Standards and regulatory compliance

Characteristic Name: Standards and regulatory compliance
Dimension: Validity
Description: All data processing activities should comply with the policies, procedures, standards, industry benchmark practices and all regulatory requirements that the organization is bound by
Granularity: Information object
Implementation Type: Process-based approach
Characteristic Type: Usage

Verification Metric:

The number of tasks failed or under performed due non adherence of standards and regulations
The number of complaints received due to non adherence to standards and regulations

GuidelinesExamplesDefinitons

The implementation guidelines are guidelines to follow in regard to the characteristic. The scenarios are examples of the implementation

Guidelines: Scenario:
Identify the policies, procedures, standards, benchmark practices and any regulatory requirements that an Information object is bound by (1) Each person's compensation criteria must be determined in accordance with the Annuities Based on Retired or Retainer Pay law.
Ensure that all data processing activities are well defined and documented based on the policies, procedures, standards, benchmarks and regulatory requirements. (1) Process of making a damage estimate is well defined based on industry benchmarks
Ensure that the application programs cater for standards and regulatory compliance (1) A software program to make damage estimates which includes all benchmark data
Regularly monitor the data processing activities and identify the problems and inefficiencies so that the corrective and preventive actions can be taken. (1) Frequent delays in time sheet approvals results in delayed payments
Signs should be standardised and universally used (1) In the line efficiency report, low efficiency lines are indicated using a RED light while a green light indicates high efficiency
Relevant standard, procedures, policies and regulations should be communicated to the users effectively (1) Providing a guidelines for signs
Ensure that proper conversion tables are maintained and used in converting attribute vales to different measurement bases. (1) Metric conversion tables are used to convert lbs to kgs.

Validation Metric:

How mature is the process maintain the adherence to standards and regulations

These are examples of how the characteristic might occur in a database.

Example: Source:
The age at entry to a UK primary & junior school is captured on the form for school applications. This is entered into a database and checked that it is between 4 and 11. If it were captured on the form as 14 or N/A it would be rejected as invalid. N. Askham, et al., “The Six Primary Dimensions for Data Quality Assessment: Defining Data Quality Dimensions”, DAMA UK Working Group, 2013.

The Definitions are examples of the characteristic that appear in the sources provided.

Definition: Source:
A measure of the existence, completeness, quality, and documentation of data standards, data models, business rules, metadata, and reference data. D. McGilvray, “Executing Data Quality Projects: Ten Steps to Quality Data and Trusted Information”, Morgan Kaufmann Publishers, 2008.
The data element has a commonly agreed upon enterprise business definition and calculations. B. BYRNE, J. K., D. MCCARTY, G. SAUTER, H. SMITH, P WORCESTER 2008. The information perspective of SOA design Part 6:The value of applying the data quality analysis pattern in SOA. IBM corporation.
SIGNS AND OTHER Information-Bearing Mechanisms like Traffic Signals should be standardized and universally used across the broadest audience possible. ENGLISH, L. P. 2009. Information quality applied: Best practices for improving business information, processes and systems, Wiley Publishing.
Validity of data refers to data that has been collected in accordance with any rules or definitions that are applicable for that data. This will enable benchmarking between organisations and over time. HIQA 2011. International Review of Data Quality Health Information and Quality Authority (HIQA), Ireland. http://www.hiqa.ie/press-release/2011-04-28-international-review-data-quality.