Why Conducting Data Audits Are Important and How They Add A Competitive Edge
Auditing your data, the process of assessing how fit a company’s data is for use, requires you to map your data so it can be evaluated for accuracy, breadth and consistency. Though these comprehensive reviews can be time-consuming and tedious, especially if done manually, they give confidence to companies that their data is sound. And while it may seem like a data audit is more work than it’s worth, the consequences of not doing one can be disastrous, especially when it comes to regulators.