Here's One For The Records

Thursday, March 1, 2001

Here’s One For The Records (NAPS)—Companies may save as much as 15 percent of their revenueif they had better records. That’s the findings of a recent ARKIDATA CORPORATION study conducted by Larry English, author of Improving Data Warehouse and Business Information Quality, for one international company. The company found that virtually all of its internal person- @ One tiny mistake can mean a loss of thousands of dollars in retirement money to employees. nel records, of the 3,000 employ- to design systems that fix the significant error or omission. These errors occur because of tral intelligence hub for managing ees examined, had at least one the migration of systems through mergers and acquisitions, com- pany conversions to new systems, or just bad data that has been replicated through the system from its inception. As a result, sometimes vital inaccuracies. One company provides a cen- the exchange of information among multiple systems and the integration of new information. The key features of this new system makeit easier to analyze error patterns and develop better proceduresto correct data errors. employee information can be wrong. An error in pensions and The company, Arkidata, provides an integrated system in implications. If the contribution amounts were calculated incor- about the data, closely examine it, and make informed business decisions. benefits can have far-reaching rectly, for instance, then theretirement savings might be just a per- which a company can inquire Arkidata Corporation, located centage of what they should be. just outside Chicago, Illinois, a benefits information to a Web- information quality. Arkidata is the first to introduce this new Typically, companies that shift or change systems carry over on and thefirst of its kind, in the Errors can become more apparent as more companies movetheir based service for their employees. average 30 percentof errors. There is good news, however. New technology makes it possible flourishing high-tech firm, ensures ongoing information integration and quality assurance technology, industry. For more information, log on to www.arkidata.com.

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