{"id":15874,"date":"2023-12-11T12:36:00","date_gmt":"2023-12-11T07:06:00","guid":{"rendered":"https:\/\/www.vue.ai\/blog\/?p=15874"},"modified":"2024-01-12T16:57:12","modified_gmt":"2024-01-12T11:27:12","slug":"data-quality-management-5-ways-to-optimize-data","status":"publish","type":"post","link":"https:\/\/www.vue.ai\/blog\/enterprise-ai\/data-quality-management-5-ways-to-optimize-data\/","title":{"rendered":"Data Quality Management: 5 Ways to Optimize Data in 2024"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f5fe0ec2ba4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f5fe0ec2ba4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.vue.ai\/blog\/enterprise-ai\/data-quality-management-5-ways-to-optimize-data\/#the-actual-cost-of-poor-data-quality-management\" title=\"The actual cost of poor data quality management&nbsp;\">The actual cost of poor data quality management&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.vue.ai\/blog\/enterprise-ai\/data-quality-management-5-ways-to-optimize-data\/#what-is-data-cleaning\" title=\"What is Data cleaning?\">What is Data cleaning?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.vue.ai\/blog\/enterprise-ai\/data-quality-management-5-ways-to-optimize-data\/#how-can-vueai-help-as-a-data-quality-management-solution\" title=\"How can Vue.ai help as a data quality management solution?\">How can Vue.ai help as a data quality management solution?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.vue.ai\/blog\/enterprise-ai\/data-quality-management-5-ways-to-optimize-data\/#5-ways-to-fix-the-data-problem\" title=\"5 ways to fix the data problem\">5 ways to fix the data problem<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.vue.ai\/blog\/enterprise-ai\/data-quality-management-5-ways-to-optimize-data\/#build-extract-enrich-and-enhance-datasets\" title=\"Build extract, enrich, and enhance datasets\">Build extract, enrich, and enhance datasets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.vue.ai\/blog\/enterprise-ai\/data-quality-management-5-ways-to-optimize-data\/#customize-structures-as-per-business-requirements\" title=\"Customize structures as per business requirements\">Customize structures as per business requirements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.vue.ai\/blog\/enterprise-ai\/data-quality-management-5-ways-to-optimize-data\/#moderate-content-at-scale\" title=\"Moderate content at scale\">Moderate content at scale<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.vue.ai\/blog\/enterprise-ai\/data-quality-management-5-ways-to-optimize-data\/#quicken-the-user-generated-content-onboarding\" title=\"Quicken the user-generated content onboarding\">Quicken the user-generated content onboarding<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.vue.ai\/blog\/enterprise-ai\/data-quality-management-5-ways-to-optimize-data\/#refine-suitable-content-searches\" title=\"Refine suitable content searches\">Refine suitable content searches<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>\n<blockquote class=\"wp-block-quote\"><p><em>All good data relies on heavily cleaned data\u201d<\/em><\/p><\/blockquote>\n\n\n\n<p>As much as the above statement is true, it is equally challenging to have&nbsp;<strong>data quality management<\/strong>&nbsp;systems that match efficiency and cost using the traditional methods of data cleaning. With the advancement in technology, how businesses and individuals communicate has entirely changed the data being captured and stored.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.idc.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">IDC<\/a>&nbsp;states that the amount of data \u201c<strong>created, captured, copied and consumed in the world<\/strong>\u201d&nbsp;<strong>will continue to rise at a rapid pace<\/strong>. The amount of data created over the next 3 years will be more than the data created over the last three decades. The&nbsp;<strong>world will generate more than 3x the data<\/strong>&nbsp;in the coming five years. This means that there is and will be tons of unstructured and inconsistent data.<\/p>\n\n\n\n<p>But what exactly is the cost of data quality? Does it impact businesses monetarily or does efficiency get affected too? Let\u2019s find out.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"the-actual-cost-of-poor-data-quality-management\"><\/span><strong>The actual cost of poor data quality management&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to Gartner\u2019s Data Quality Market Survey<strong>, bad data management costs a business <a href=\"https:\/\/www.gartner.com\/smarterwithgartner\/how-to-create-a-business-case-for-data-quality-improvement\">$15 million<\/a> annually<\/strong>. On the other hand, almost 60% of businesses don\u2019t even measure the financial impact of having poor data hygiene. Another study states that&nbsp;<strong>nearly 1\/3rd of business analysts spend more than <a href=\"https:\/\/terrapintech.com\/why-data-quality-management-is-crucial-for-wealth-management\/#:~:text=According%20to%20Forrester%2C%20nearly%20one,cleaning%20up%20files%20and%20spreadsheets%3F\">40% <\/a>of their time accessing and validating their data&nbsp;<\/strong>before it can be used for strategic decision-making.&nbsp;<\/p>\n\n\n\n<p>Clearly, there exists an underlying data problem that businesses are now finding out to be extremely expensive both in terms of money and human resources. Proper data management is possible with the help of tools which was not the case a few years ago. Now that data cleaning is becoming a very crucial step for most teams working in analytics, it is important to know how exactly data hygiene impacts business performance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-is-data-cleaning\"><\/span><strong>What is Data cleaning?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.vue.ai\/solutions\/data-cleanup-and-organization\/\">Data cleaning,<\/a> also called data scrubbing, is one of the most important processes in the making of intuitive business decisions. The process of cleaning the data includes fixing or removing incorrect, corrupted, unstructured, duplicate, or incomplete data within a dataset. If it is done correctly, it can help businesses reduce costs and human effort in managing them.&nbsp;<\/p>\n\n\n\n<p>In the simplest of forms, good quality data is \u201c<strong>data which is suitable for use<\/strong>\u201d. Per Andreas Bitterer, VP, of Gartner Research, said,&nbsp;<em>\u201cOrganizations need accurate and trustworthy data to make intelligent business decisions.\u201d&nbsp;<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2023\/10\/Data-cleaning-1024x1024.jpeg\" alt=\"What is business data cleaning?\" class=\"wp-image-15875\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2023\/10\/Data-cleaning-1024x1024.jpeg 1024w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2023\/10\/Data-cleaning-300x300.jpeg 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2023\/10\/Data-cleaning-150x150.jpeg 150w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2023\/10\/Data-cleaning-768x768.jpeg 768w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2023\/10\/Data-cleaning-1536x1536.jpeg 1536w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2023\/10\/Data-cleaning-2048x2048.jpeg 2048w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2023\/10\/Data-cleaning-640x640.jpeg 640w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2023\/10\/Data-cleaning-96x96.jpeg 96w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>There is a need for <a href=\"https:\/\/www.vue.ai\/solutions\/data-cleanup-and-organization\/\">data organization and cleanup solution<\/a>s to help businesses navigate through crucial processes. This will ensure that adequate data quality is managed throughout the organization\u2019s processes.<\/p>\n\n\n\n<p>Because almost all major businesses today are struggling with the bad data problem which not only costs teams a lot of money but also hours of manual labor to fix it. But now, because of AI and technology, there have been evolutionary changes in this spectrum \u2013 catering to fixing the ugly data problem.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"how-can-vueai-help-as-a-data-quality-management-solution\"><\/span><strong>How can Vue.ai help as a data quality management solution?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Vue.ai fixes the ugly data problem by using Natural Language Processing (NLP) and Computer Vision models. It extracts and enriches data from images, videos, text, and more. Teams can use Vue.ai to organize the enriched data into structured formats for use across business systems or build and deploy different models on top of it.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"740\" height=\"197\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2023\/10\/Getblox.png\" alt=\"Benefits of Data management solution\" class=\"wp-image-15876\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2023\/10\/Getblox.png 740w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2023\/10\/Getblox-300x80.png 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2023\/10\/Getblox-150x40.png 150w\" sizes=\"(max-width: 740px) 100vw, 740px\" \/><\/figure>\n\n\n\n<p>Impact businesses have seen with Vue.ai:<\/p>\n\n\n\n<ul><li><strong>85% reduced time<\/strong>&nbsp;in data organization processes<\/li><li><strong>40% increase in conversion rate<\/strong>&nbsp;with enriched data<\/li><li><strong>86% reduction in data errors<\/strong>&nbsp;with AI-powered moderation<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5-ways-to-fix-the-data-problem\"><\/span><strong>5 ways to fix the data problem<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>With AI, businesses can now manage and transform their data into actionable business assets. Using Vue.ai, businesses can:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"build-extract-enrich-and-enhance-datasets\"><\/span><strong>Build extract, enrich, and enhance datasets<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Vue.ai\u2019s platform can extract detailed attribute tags and build a structured dataset from them. The data generated by AI takes in inputs from all available sources, is nuanced, and mapped to the hierarchy and data organization structures that the users define.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"customize-structures-as-per-business-requirements\"><\/span><strong>Customize structures as per business requirements<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>With Vue.ai, businesses can build customized taxonomy and deploy the models for inference which can be applied to any new content or data inventory coming in and map data at scale. This way businesses can decrease the time it takes to generate tags by scaling custom AI models.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"moderate-content-at-scale\"><\/span><strong>Moderate content at scale<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Vue.ai helps businesses ensure that the submitted content meets predefined criteria and guidelines, does not contain any inappropriate content, violates existing copyright rules, etc. It helps reduce businesses\u2019 costs of editing and moderating content manually.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"quicken-the-user-generated-content-onboarding\"><\/span><strong>Quicken the user-generated content onboarding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>With Vue.ai&#8217;s AI-enabled APIs, businesses can efficiently detect attributes that can be used to qualify the content quality which includes: checking for the presence of NSFW content, blurred images, other internal guidelines, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"refine-suitable-content-searches\"><\/span><strong>Refine suitable content searches<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Vue.ai uses computer vision and NLP to extract detailed attribute tags and build robust data catalogs. This enables platforms to surface the most suitable result through search and filtering. Now, businesses can deliver relevant and suitable search results across their website or app and also improve the overall content discovery for the users.<\/p>\n\n\n\n<p>Vue.ai is enterprise businesses\u2019 go-to tool for making intelligent cost-effective business decisions.&nbsp;<\/p>\n\n\n\n<p>Learn more about Vue.ai&#8217;s&nbsp;<a href=\"https:\/\/www.vue.ai\/solutions\/data-cleanup-and-organization\/\">Data Cleaning and Organization solution<\/a>.<\/p>\n\n\n\n<ul><li><a href=\"https:\/\/getblox.ai\/blog\/masterclass\/ai-transformation-how-to-lead-and-succeed\/\" target=\"_blank\" rel=\"noreferrer noopener\">Leading AI Transformation: Stories from the field<\/a><\/li><li><a href=\"https:\/\/getblox.ai\/blog\/ai-for-enterprises\/are-business-leaders-jaded-with-their-ai-transformation-investments\/\" target=\"_blank\" rel=\"noreferrer noopener\">Are Business Leaders Jaded With Their AI Transformation Investments?<\/a><\/li><li><a href=\"https:\/\/getblox.ai\/blog\/masterclass\/all-things-generative-ai-a-deep-dive-with-dr-costa-colbert\/\" target=\"_blank\" rel=\"noreferrer noopener\">All things Generative AI \u2013 a Deep Dive with Dr. Costa Colbert<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span> All good data relies on heavily cleaned data\u201d As much as the above statement is true, it is equally challenging to have&nbsp;data quality management&nbsp;systems that match efficiency and cost using the traditional methods of data cleaning. With the advancement in technology, how businesses and individuals communicate has entirely changed the data being captured and stored.  &#8230;<\/p>\n","protected":false},"author":23,"featured_media":15877,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1495],"tags":[1520,1513,1517,1441,1518],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Data Quality Management ? : 5 Ways to Optimize Data in 2024<\/title>\n<meta name=\"description\" content=\"Learn how businesses can now improve their data quality management and transform it into actionable business assets in five simple steps.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vue.ai\/blog\/enterprise-ai\/data-quality-management-5-ways-to-optimize-data\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Data Quality Management ? 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