The Harmful Effects of Dirty Data

Dirty data embodies the saying: “Garbage in, Garbage Out”, and many businesses have taken the initiative to keep dirty data from polluting their data-stream. According to Experian,91% of U.S. organizations have invested in data-quality initiatives in the past year. As the amount of digital data we gather and utilize in everyday dealings increases, the concerns[…]

The Institute Of Internal Auditors on ‘Assessing Involvement in Organizational Use of Data’

The Institute Of Internal Auditors (IIA) discusses ‘Assessing Involvement in Organizational Use of Data’ with the use of some very informative infographics and statistics. According to their study, only 29% of Chief Audit Executives are ‘Very or extremely confident in the strategic decisions their organization makes based on data it collects and analyzes’. Read the pdf here… 2016 Pulse[…]

Improve The Quality Of The Data And You Are Very Likely To Improve The Quality Of The Results. What is the cleansing of Market Data?

Increasingly sophisticated methods are available for analyzing financial data and helping decision makers. But in practice the data that is used by these methods may be full of errors; it is dirty data. And it is often the more sophisticated methods that are most affected by dirty data: time series and variance models, such as GARCH, seem[…]