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The Causes Of Bad Data, And How To Fix Them
Bad quality data is costing organizations a lot of money. Gartner research has found that organizations believe poor data quality to be responsible for an average of $15 million per year in losses while 94% of businesses believe the data they hold is inaccurate. Entrepreneur reports that businesses lose 30% or more revenue due to […]
Data GovernanceData Quality Read nowWhat is Vendor Master Data Management and Why is it Important?
An organization cannot be truly effective without knowing its vendors, as they are a part of every aspect of the business and the sum of their efforts equates to the brand. Allocating the time and resources to understanding vendors allows companies to improve all aspects of vendor management, such as sourcing, category management and payment […]
Master Data ManagementSupplier Management Read nowEngaging And Enabling Your Organisation With High-quality Supplier Data
Introduction: engagement is the measurement of success for shared services functions Regardless of industry or company size, shared services providers share the same core objectives: to improve efficiency, save time and save money. As digital transformation continues to impact and differentiate organisations, the ability to execute this vision relies ever more heavily on very high-quality […]
Digital TransformationMaster Data Management Read nowWhat Are The Pros And Cons Of Data Democratisation?
Data democratisation is the process of taking the overall control of data out of the hands of the few who have previously acted as its ‘gatekeepers’, and making it accessible to a much wider group (or groups) of people across an organisation. One of the reasons why democratisation is beneficial is because it allows the […]
Data DemocratisationData Quality Read nowAn Interview on Data sharing for Machine Learning and AI – Procurement Analytics with Dave Food
For this episode of the Supplier Experience Live podcast from HICX, we welcomed Dave Food. Dave is Strategy Director at Prophetic Technology and Principal Lecturer at WMG, University of Warwick. His expertise is wide-ranging, from supply chain logistics, procurement analytics, and marketing through to innovation. Within this scope, Dave discussed with us trends in blockchain, big data, AI, drones, machine learning, and 3D printing. From a reluctant academic to […]
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