PricewaterhouseCoopers has partnered with business-focused data quality management software vendor Similarity Systems to help its Australian clients increase the accuracy and reliability of enterprise-wide data assets.
Similarity Systems and PricewaterhouseCoopers plan to provide a data quality solution and methodology that enables organisations to improve the quality of data captured and used in business applications.
PricewaterhouseCoopers partner Willie Jordaan said data quality is a business issue.
"Every organisation relies on its data to produce information for business decision-making.
“Similarity Systems’ Athanor software provides an approach to data discovery and cleansing that lets business users maintain control of the data quality process from planning to implementation,” Jordaan said.
Similarity Systems CEO Garry Moroney said information-intensive business applications such as CRM, business intelligence and ERP will only succeed if the data they use is reliable, accurate and consistent.
“Achieving the high levels of data quality needed for these applications to succeed is more than a one-off exercise. The combination of PricewaterhouseCoopers' Data Management Group services and Similarity Systems’ Athanor software provide powerful solutions that are designed to ensure organisations generate maximum value from their data assets.”
Data quality and integrity is becoming recognised as a fundamental business issue. Poor data quality is a serious threat to any organisation's competitiveness.
In a global survey carried out by PricewaterhouseCoopers, 75 per cent of respondents reported significant problems and losses as a result of defective data. At the same time the survey found that significant benefits could be achieved from effective data quality management.
Under the terms of the partnership agreement PricewaterhouseCoopers will provide professional services and Athanor implementation expertise in Australia. The organisation has already trained a number of consultants in its data management group as Athanor product experts and is working with a range of clients on data quality issues.