Case study: data quality review

 
 
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CHALLENGE

QMV were engaged to provide an independent and comprehensive data quality review for a leading wealth management business.


SOLUTION

QMV assessed the current state of data quality against regulatory obligations and industry best practice, producing a data quality score (DQS) for 17 key attributes and ranking the organisation on the data quality maturity curve.

The findings were used to develop a hybrid plan comprised of both quick wins and strategic recommendations, enabling a balance between the immediate results that management were seeking with a longer-term view focused on treating the symptom rather than addressing the cause.


RESULT

QMV was able to quantify how a shift from a reactive and corrective approach to an approach more focused on prevention and detection would deliver a significant and measurable return on investment.

The review also provided a roadmap to determine the optimum sequence for the recommendations to be implemented, delivering immediate benefit with quick wins able to commence immediately.