According to Gartner research, organizations lose approximately $15 million annually due to poor data quality. IBM calculated this value to be $3.1 trillion in the US alone in 2016. This is a staggering number that has occurred due to errors in data input and data quality.
Bad data costs a lot to organizations. Decision-makers, managers, knowledge workers, data scientists, and other professionals have to use it in their day-to-day tasks. And doing so is both time and money-consuming. Due to a pressing deadline and the abundance of faults in the data they require, many people choose to rectify the errors themselves to finish the task. They fail to consider contacting the data originator, outlining their needs, and offering to assist in eradicating root issues. Thus the data errors persist.
The root cause of data errors:
The primary reason for data errors is the typographical and non-conforming of data. Data in many cases are loaded in the form of forms or excel sheets and need people to input the data. People make mistakes, mistype or choose the wrong columns, etc.
The second cause of data inaccuracy is information obfuscation. These occur when people do not give the right information or provide incomplete information to those who enter data.
How to avoid data errors:
A simple solution to avoid such data errors is if you have a system that can validate any data that is input into the system based on set parameters. This way only the right data is added to the system and errors can be corrected immediately. One such solution is Chainsys’s dataZap mass data loader.
dataZap mass data loader:
Chainsys’s dataZap is an integration platform with a mass data loader. It requires no code, no DevOps, and no infrastructure. It comes with 9000+ smart data templates and is certified by both Oracle & SAP.
The dataZap loader process flow:
How Chainsys’s data loader can help you?
To understand how our data loader can be beneficial to your business, we will take the help of examples.
1. Data validation
To stress the importance of data validation let us take the example of Hawaiian Airlines where an employee entered the wrong data of $674,000 for award tickets which had big repercussions on the brand.
To avoid such embarrassing scenarios you can use dataZap loader, which comes with data pre-validation. How is this useful you ask? Before uploading data into the master database or target database, the mass data loader will conduct a pre-validation based on parameters that can be set by you. Only after ensuring the data satisfies the parameters will the data be loaded into the system. This way you will be able to avoid situations that Hawaiian airlines faced.
2. Large uploads in minutes
The second issue that organizations face is the time taken to upload into their system. For this, we are taking our case study where one of our clients used to take 2 weeks to upload 1500 items with 8 computers.
When the client started to use our mass data loader, they found that they were able to upload 1500 items in 4 hrs which previously took them 2 weeks. To clearly understand how the data loader helped the client let's put this into a table:
The savings the client got were not just in the form of time but also in the form of resources saved.
3. No need for additional infrastructure
Continuing from the previous example our client had to use their infrastructure to upload data. But with our data loader, you only need 1 system, a browser, and an internet connection. Again the cost to the organization is reduced drastically. Also, the data loader is 100% cloud-based and mobile-ready. Data can be loaded from anywhere and anytime.
4. No Code
With many data loaders, you might need a technical person or specialist to upload data as it requires coding. They need to be babysitting the system when the loading is taking place. But with dataZap’s loader, you don’t need anyone available during the process. As it does not involve any coding you can use anyone to upload the data into the system. This way all your specialized resources can be free to work on other activities that benefit your organization.
Get started with dataZap data loader
Are you interested in our data loader into your data integration strategy to help optimize your maintenance and operational costs? Get on a call with our experts for a live demo and how we can specifically help your organization.
Or you can go through our resources to understand more about dataZap and mass data loader
