Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    unusual trading activity
    Signal Or Noise? A Decision Tree For Evaluating Unusual Trading Activity
    3 Min Read
    software developer using ai
    How Data Analytics Helps Developers Deliver Better Tech Services
    8 Min Read
    ai for stock trading
    Can Data Analytics Help Investors Outperform Warren Buffett
    9 Min Read
    media monitoring
    Signals In The Noise: Using Media Monitoring To Manage Negative Publicity
    5 Min Read
    data analytics
    How Data Analytics Can Help You Construct A Financial Weather Map
    4 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Learn from Carnegie Mellon’s School of Data Management Hard Knocks
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Quality > Learn from Carnegie Mellon’s School of Data Management Hard Knocks
AnalyticsData ManagementData QualityInside CompaniesRisk Management

Learn from Carnegie Mellon’s School of Data Management Hard Knocks

infogix
infogix
3 Min Read
Image
SHARE

Image“Congratulations, you are the grand prize winner of $15 million!”

You receive a letter proclaiming the above via certified mail. It is perfectly legitimate; this is no Publishers Clearing House ploy. You quit your job, do some celebratory big item shopping and tell everyone you know the good news.

Contents
  • “Congratulations, you are the grand prize winner of $15 million!”
  • “Congratulations, you are the grand prize winner of $15 million!”

Image“Congratulations, you are the grand prize winner of $15 million!”

You receive a letter proclaiming the above via certified mail. It is perfectly legitimate; this is no Publishers Clearing House ploy. You quit your job, do some celebratory big item shopping and tell everyone you know the good news.

The next day, you receive a retraction stating that the letter was mistakenly sent to you. You have won nothing.

Around 800 Carnegie Mellon University applicants were recently taken on a similarly devastating roller coaster ride, NPR shared. Jubilation at achieving a dream was followed by a crushing blow. The culprit? Lack of data controls.

More Read

Big Data Ethics: Vendors Should Take A Stand
IBM Research has built a new nanoscale microscope capable of…
Sales Organizations Need a Swift Technology Kick
Enterprise Architecture Still a Leap of Faith for Many Companies
Recap of Global Business Intelligence and Analytics News [VIDEO]

The school mistakenly sent acceptance emails to hundreds of hopefuls who applied to Carnegie Mellon’s prestigious Master of Science in Computer Science program. A few hours later, an email with a much different tone arrived in their inboxes.

A school statement read: “This error was the result of serious mistakes in our process for generating acceptance letters.”

The admissions department had failed to confirm that it had selected the correct recipients for the acceptance emails, an oversight that is all too easy to make. The academic world alone has seen its fair share, with Johns Hopkins University and UCLA facing similar fiascos in the past few years.

Moments like this can be incredibly damaging for companies and institutions. Mistakes in data can lead to widespread errors, from communication blunders such as this one, to inaccurate financial reportings. Reducing reputational risk is an important discipline for companies now more than ever, when credibility is at stake. The right data controls provide the mechanism to ensure data quality is implemented whenever data is processed or exchanged. Additionally, checks and balances through data quality provide comfort in knowing compromised data won’t make it into your analysis reports which may be used for internal or external communication.

Data integrity controls monitor and mitigate risk by continually reconciling and validating information to ensure that it is accurate and reliable. This may sound time consuming, but it does not have to be, thanks to automation. The right controls will automate the process, performing the tedious work of keeping your data clean in real time.

No organization wants to be the harbinger of doom. Rigorous data controls will help minimize the chance that you will ever find your organization in this position.

—-

This was a guest blog post by Infogix Product Manager Jay Shah.

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

ai driven task management
Reducing “Work About Work” with AI Task Managers
Artificial Intelligence Exclusive
data center uptime
Why Rodent-Resistant Conduits Are Critical for Data Center Uptime
Big Data Data Management Exclusive Risk Management
big data and AI
The Intersection of Big Data and AI in Project Management
Artificial Intelligence Big Data Exclusive
data migration risk prevention
Best Approach to Risk Management for Data Migration in Data-Driven Businesses
Big Data Data Management Exclusive Risk Management

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

big data for wealth management industry
AnalyticsBig DataData ManagementExclusive

How Could New Big Data Technology Benefit Wealth Management Industry?

6 Min Read

Semantic Web technology is already changing how we interact with…

1 Min Read

Applications That Are Social

4 Min Read

Encrypting Backup Data for HIPAA and PCI Compliance

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?