How to get the most from your data Capitalizing on your data through data sharing

Many organizations are striving to be more data-driven, but data quality issues and silos continue

to prevent companies from making the most of their data. Data is only as valuable as the insights

an organization can gain and the action they take based on that information.

96% of business stakeholders want more access to data.

2017 Global data benchmark report by Experian Data Quality

With various parts of the organization only having access to certain pieces of

information, stakeholders are limited to working solely with the data at hand. By

increasing access and enabling data sharing, users from across your business can better

understand what information is available and how it can shape strategic decisions.

Siloed data

Assess your data quality

Before opening up access or encouraging sharing across your organization, you’ll

want to assess the quality of your data. Theonly thing worse than one department making decisions on inaccurate data is

letting the bad data spread.

By assessing your data quality prior to providing greater access or sharing data, you

can be confident that your data is accurate and complete, without gaps or inconsistencies.

Getting the most from your data

98% of respondents make data requests

of IT.

71% wait a few days or longer for a

response.

Challenges to data access

of U.S. organizations say their data strategy is reactive

• Departmental or organizational silos • Disparate systems storing data • Technical expertise to pull data • Reactive data management strategy • Keeping pace with data collection

When it comes to accessing information, there are several barriers that prevent stakeholders from getting the data they need:

Removing silos

There are data management platforms that can help you overcome many of the barriers to sharing data across your organization. These tools help you:

Pull data from multiple sources Standardize information across systems Grant business users access to the information they need Enable self-service

Sharing data means more than giving someone access to

information; it's about providing valuable insight—even to those

unfamiliar with the data.

Achieving business goals

The only data that adds value is data that can be trusted and understood. To achieve

business goals, everyone must be on the same page and comprehend the data being shared.

Once you've organized your data to convey business critical information, it's all about

presentation. Displaying the data in dashboards and through effective

visualizations will enable understanding and prevent misinterpretation.

Learn more

Are you interested in tapping into your data's untouched potential? Experian Data Quality's solutions can help you unlock

the power of your data.