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Data Quality Challenges to Big Data_Practical Insights_KPMG Presentation 20.4.2015
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Data Quality Challenges to Big Data_Practical Insights_KPMG Presentation 20.4.2015
1.
Data Quality Challenges to
Big Data Practical Insight Mega Data WA Meeting Perth, 20th April 2015 Stephen Latham Hugo van Hoogstraten
2.
© 2015 KPMG,
an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name, logo and "cutting through complexity" are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation. The KPMG name, logo and ‘cutting through complexity’ are registered trademarks of KPMG International. 1 Data Quality Enables Effective Decision Making Why are Data Quality and Master Data Important? “Data governance policies and practices are key enablers of big data”
3.
© 2015 KPMG,
an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name, logo and "cutting through complexity" are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation. The KPMG name, logo and ‘cutting through complexity’ are registered trademarks of KPMG International. 2 Data Quality – Why Is It Important? Link to video
4.
© 2015 KPMG,
an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name, logo and "cutting through complexity" are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation. The KPMG name, logo and ‘cutting through complexity’ are registered trademarks of KPMG International. 3 Structured data • Transactional data • Master data, e.g. client details Unstructured data • Social media, Weblogs • Customer Service data Sensor data • Stock exchange values / FOREX • Local branch footfall rates, etc New data fields • Customer profiles • Video, audio BIG DATA MASTER DATA MANAGEMENT Big Data relies on Master Data
5.
© 2015 KPMG,
an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name, logo and "cutting through complexity" are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation. The KPMG name, logo and ‘cutting through complexity’ are registered trademarks of KPMG International. 4 Why Governing Data Quality is Important
6.
© 2015 KPMG,
an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name, logo and "cutting through complexity" are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation. The KPMG name, logo and ‘cutting through complexity’ are registered trademarks of KPMG International. 5 Data Governance in Practice 5 92%of people believe that master data is extremely important or very important to core business operations in their business unit. 31%of people only believe that master data is extremely important or very important to senior management. 39%of people have low or no trust in master data. “No one source of truth” “TakethecrapoutofourERP” “Silo mentality and lack of data ownership and governance” “Thisisamammothtasktocorrect” “An attitude that data is a necessary evil” “we need to measure, so we can manage” “….reactive / unplanned / expensive maintenance” “….an overpayment of almost $300,000” “Inventory on hand increasing”
7.
© 2015 KPMG,
an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name, logo and "cutting through complexity" are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation. The KPMG name, logo and ‘cutting through complexity’ are registered trademarks of KPMG International. 6 Other Considerations: Maturity around Master Data Data Management Strategy Data Management Function Data Governance Management Definitions & Standards Data Quality Strategy Enabling Technology Metrics and Analytics Enabling Processes Master Data Maturity: Laggard vs Industry Leader in 2014 Laggard Industry Leader
8.
© 2015 KPMG,
an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name, logo and "cutting through complexity" are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation. The KPMG name, logo and ‘cutting through complexity’ are registered trademarks of KPMG International. 7 Conclusion Data Quality contributes to accuracy of Big Data analysis
9.
Thank you Presentation by: Stephen
Latham Associate Director, KPMG Management Consulting +61 438 220 123 slatham@kpmg.com.au Hugo van Hoogstraten MSc RE PMP Associate Director, KPMG Management Consulting +1 604 773 0864 hugovanhoogstraten@kpmg.ca
10.
The information contained
herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. © 2015 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name, logo and "cutting through complexity" are registered trademarks or trademarks of KPMG International. Liability limited by a scheme approved under Professional Standards Legislation. The KPMG name, logo and ‘cutting through complexity’ are registered trademarks of KPMG International.
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