The use of inaccurate data by U.S. businesses is having a massive impact.
- On average, U.S. organizations believe 32% of their data is inaccurate, according to research by Experian Data Quality.
- Only 38% of executives have a high-level of trust in their data
- 91% of respondents believe revenue is affected by inaccurate data in terms of wasted resources, lost productivity, or wasted marketing and communications spend.
- IBM has determined that inaccurate data cost the U.S. economy $3.1 trillion in 2016.
To learn more about First Capitol Data Quality Services, start by getting your GIGO Data Quality Score today.
Regulatory compliance is a growing risk.
First Capitol Consulting has the solution for workforce data.
Data Consolidation Process
First Capitol’s data consolidation process works to efficiently draw information from these disjointed databases onto a single platform where that data is consolidated, cleansed, and validated to assure its accuracy.
From this Single Source of Truth, First Capitol provides its business and regulatory compliance services and insights to help clients increase operating efficiencies help businesses and governments to increase operating efficiencies, lower financial and regulatory risk, and improve bottom line results.
GIGO Data Quality Score
Our GIGO Data Quality Score provides clients with an analysis of the accuracy of their data. The higher the score, the more accurate the data. The lower score, the dirtier the data.
We provide a remediation program that can provide immediate improvements to data quality to ensure that organizations are using the most accurate information when using information to comply with federal and state regulations or to make important business decisions.
How accurate is your data?