Data Gathering System
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- This topic has 1 reply, 2 voices, and was last updated 13 years, 10 months ago by
Adam Bowden.
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August 18, 2008 at 2:54 pm #24787
All the gurus say that we need to first ensure that the data collection system is robust. But there is awfully inadequate advise on how to go and set up one once you find the lacunae in your measure phase. Any ideas/references on how to set up an automated information gathering system that can capture and report the data that you want and in an accurate manner? Speaking from a financial services perspective.
0August 27, 2008 at 3:04 am #59434
Adam BowdenParticipant@Adam-BowdenInclude @Adam-Bowden in your post and this person will
be notified via email.It all depends upon your process and the precise definition of the
metric you wish to measure. Typically in Fin serv there is a huge
amount of information – usually a lot of the wrong data though.
You can very rapidly drive your self into analysis paralysis with the
huge amounts of data available and I advise to very carefully select
the right metric and quantity of data. Some projects you can
certainly get 100% of accurate data but in most cases a good, yet
representative set of data is usually enough to get the project
underway and to achieve a result. In most cases that I’ve seen in
Fin Serv if you get data that represents say 80% of the
data/variation, or even 80% accuracy of the issue magnitude, move
forward as you will learn more the deeper you get into the project
any way.If you want to chat specific give me a call.Best regards,Adam
(1) 720 938 0321 (GMT -6hrs Mountain time)0 -
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