Data Value?

When I was attending the ECCMA Data Quality Solution Summit in October 2012, I got in an interesting discussion on the quality of a  specific customer data item. The actual point of the discussion was whether an address has quality when you are not aware of what the intended use and value of that particular address was. Intended use? Intended value?  Yes indeed!

As the importance of data quality management is becoming more and more obvious to organizations, the question is no longer “should I manage my data?”, but “how do I manage my data?”. In other words: What is the value of data in the context of the customer’s solution? How is the customer going to use the data? And what is the consequent value of the data for that particalur customer? Is the address mentioned in the discussion above going to be used for a geocoding solution or will it be a delivery address for a postal item?

I think that this is a very interesting way to look at data quality and data management. In his summit presentation, Walid el Abed of Global Data Excellence said that the value of data should be derived from the current or future outcome of the activities accomplished by using the data. In this context, he refers to a paradigm shift from KPI (key performance indicators) driven organizations to KVI (key value indicators) driven organizations.

I like that. At Human Inference we strive to enable organizations to benefit from personal and relevant interactions, based on trustworthy information. It is our “translation of bringing value to the customer’s data.  

Join the biggest conference on Data Value!

Over 300 professionals have meanwhile registered for DataQualitySummit 2008 “Value for Data | Data for Value”. This conference will take place November 14 in the beautiful Evoluon in Eindhoven, the Netherlands. This years theme is fully aligned with the focus of the DataValueTalk blog: how to get the most out of your valuable customer data?

All conference information can be found at www.dataqualitysummit.com. Check out the bio’s and excerpts of keynote speakers such as Rob Karel, Principal Analyst at Forrester, Prof. Dr. Robert Winter from the University of St. Gallen and Ron Tolido, VP and CTO of Capgemini. A large number of customer presentations will be done as part of the breakout program.

We will continue the dialogues started during the conference here at DataValueTalk.com

There are still a few seats left, don’t let the opportunity pass and register today!