Skip to main content

eBook: The Data Value Formula

Head of Community & Innovation
 IMG-Blog-ebook-data-value-formula-1.jpg

Today, access to valuable data is a superpower. But just having a lot of data is not enough. In one of our most recent eBooks, CDQ data experts from the Competence Center Corporate Data Quality (CC CDQ) explain how to turn data into business value using a simple model: the Data Value Formula.

Only if data are 'fit for purpose' and are actively used in business processes or decision-making, data can create business value. This value creation process is often difficult to grasp and inherently complex. Our e-book aims to unravel the complex value creation processes using a simple model – the Data Value Formula.

It‘s frustrating that companies have a better sense of the value of their office furniture than their information assets.

Three keys to unlock your data's full potential

The Data Value Formula shows how data value can be determined and identifies three essential value drivers:

  • Data volume
  • Data quality
  • Data use

Based on the data value formula, companies can identify and design their future value-creating steps that transform raw data into business outcomes.

The eBook addresses how:

  • To create business value with 3 data drivers: data volume, data quality & data use.
  • Your company can transform raw data into business outcomes.

Request the eBook

To showcase the data value formula and its practical application, we invite you to read the complementary eBook.

Request the Data Value Formula eBook

 31cf5dc8-a47f-427c-b1b2-2b7d12b15e65.jpeg

Get our monthly e-mail!

Does your data trick or treat you?

Imagine data so messy, it could be used as a scary Halloween costume. What seems entertaining at certain occasions, is not necessarily needed in the business…

Through the years with CDQ Academy: happy 10th anniversary!

It was October 2016 in Stuttgart. I walked into the seminar room and there he was, seated in the front row: my ex-boss, to whom I had owed so much of my hands…

Boost your business with smart data strategy

Data has infinite potential if it‘s used and processed as a value generating asset. But how to make sure your data stays consistent when it is entered in many…