More on decision quality

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Last time I presented a simple model for assessing the potential positive impact of improved quality on improved decision making, and I suggested that we could look at an alternative spin on that same matrix. However, this time we will put more faith in the utility of quality data to drive the result. In this table, if the data is bad, the decision will be bad, and if the data is good, the decision is good:

Data is good

Data is bad

Decision-maker is good

Decision is good

Decision is bad

Decision-maker is bad

Decision is good

Decision is bad

 

Interestingly, in both cases improving the data improves the result. Yet again, we have to augment the perception of the quality of the resulting decision in the context of the decision-maker’s capabilities: if the individual has a reputation for making bad decisions, even his/her good decisions will be questioned.

So here is one additional thought: if you knew that your decisions were always going to be questioned (whether they are based on good data or bad data), what is the motivation for actually making a decision altogether? Alternatively, you might choose to presume that your bad decisions are always the result of bad data. In that case, any time you were faced with a decision, it is to your benefit to question the quality of the data and defer the decision.

Does this sound familiar?

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About Author

David Loshin

President, Knowledge Integrity, Inc.

David Loshin, president of Knowledge Integrity, Inc., is a recognized thought leader and expert consultant in the areas of data quality, master data management and business intelligence. David is a prolific author regarding data management best practices, via the expert channel at b-eye-network.com and numerous books, white papers, and web seminars on a variety of data management best practices. His book, Business Intelligence: The Savvy Manager’s Guide (June 2003) has been hailed as a resource allowing readers to “gain an understanding of business intelligence, business management disciplines, data warehousing and how all of the pieces work together.” His book, Master Data Management, has been endorsed by data management industry leaders, and his valuable MDM insights can be reviewed at mdmbook.com . David is also the author of The Practitioner’s Guide to Data Quality Improvement. He can be reached at loshin@knowledge-integrity.com.

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