Tag: Data Quality

  • Impactful Datasets – Part II

    The reality in the corporate world is that executives are responsible for seeing into the future. This assertion comes with no implicit mysticism. If the C-suite predicts the future correctly, shareholders, employees, and customers will generally all be positively impacted. A great example of this is Apple’s 2007 partnership with AT&T to launch the iPhone. Apple now enjoys a multi-trillion-dollar market cap, up from roughly $150B in 2007. If different choices were made by leadership along the way, the story would be wildly different.

    As we move into the anticipated era of Generative AI, data will be increasingly relied upon to make better bets on infrastructure, staffing needs, R&D investments, and more. A quick web search of “data driven case studies” will show you several examples of Business Intelligence and data as the catalyst to true competitive advantages for various organizations. If a dataset can help executives make better decisions, I consider it impactful. I don’t think this will be changing anytime soon.

    We can all agree that when it comes to data – garbage in / garbage out. Moving forward, ensuring data quality will be non-negotiable. If you’re an executive reading this, it’s not too late to start. Solely relying on your direct reports to interface with the data team can be risky. Vision is often lost in translation…

    – DQC

  • Impactful Datasets – Part I

    The topic of impactful datasets can generate many different opinions, especially concerning the definition of ‘impactful’. I consider an impactful dataset to be one that does one or more of the following:

    1.) Saves significant amounts of time
    2.) Significantly increases revenue or reduces expenses
    3.) Facilitates improved executive decision making



    Let’s start by unpacking the time saving element. Far too many organizations have teams that spend hours upon hours manually updating spreadsheets. Usually this is due to the low barrier of entry – almost anyone can get started with Google Sheets or Excel. The problem is that these are tools meant for ad-hoc analysis but end up being leveraged as long-lived data repositories. Automating one of these processes can easily save between 2-10 hours per FTE per week. This means a department of 10 analysts could win back 100 working hours per week as a result of a carefully crafted dataset. This doesn’t mean 2.5 analysts should be terminated, but it does mean that you can focus on more strategic work with the extra time.


    Let’s now discuss revenue increasing/cost saving datasets. The rise of LLMs has showed us that data in the right format can be extremely valuable. Quite literally, an industry has been formed based on the fact that you can collect large amounts of data from the internet, feed it into Machine Learning algorithms, then store this condensed knowledge base into a dataset called an LLM. Developers and consumers alike are happy to pay for tokens, subscriptions, and other derived services, which is essentially paying for access to valuable datasets. The flip side of this phenomenon points to the cost saving potential of this trend. Let’s face it, the current developer job market is stagnant because companies can produce a similar output with fewer AI-assisted developers. Even though long-term code quality is questionable, short-term savings are definitely being driven by LLMs.

    We’ll cover executive decision making in the next one…
    – DQC