Calculate Your Direct Benefits From Collaborative Data Maintenance
According to Six Sigma (rule of ten), indirect benefits by higher Data Quality exceed the direct benefits by 10 times. However, benefits of process failure reduction, good decisions, or more accurate business planning are hard to quantify and influenced by many factors. To quantify (a part of) the value of Data Sharing, we focus on the direct benefits, basically cost reduction due to more efficient data maintenance.
Use our Business Case Calculator to determine your cost saving potential in data creation/maintenance when using our data sharing services.
Lead time reduction of data creation processes, calculated by the difference between data creation costs with and without Data Sharing. With Data Sharing, data maintenance is faster because data can be copied from the Data Sharing pool instead of manual data entry. However, this effect is only calculated for records which match with the data pool, according to the overlap parameter. First Time Right ensures correct data at data entry and reduced efforts of later data correction and, even worse, process failures due to wrong data.
The idea of Zero Maintenance refers to the elimination of maintenance efforts. True zero data maintenance will be hardly achieved, but there are ways to get close to this goal, e.g. proactive and pre-validated updates from a data sharing community.
Reduce your data maintenance costs now!
Would you like to receive a non-binding consultation regarding the cost reduction potential in your company? Our data management experts are at your disposal! We will gladly call you back at the time of your choice.