A recent press release reports, “Clean data is a critical ingredient for robust and accurate analyses, yet many organizations are still relying on manual and inefficient processes to prepare and clean data, according to a new survey from Trifacta, the global leader in data preparation. These inefficiencies are draining resources and inhibiting organizations’ ability to glean insights that could be crucial to their business decisions. Trifacta conducted a data preparation survey of nearly 300 data professionals to identify the challenges hindering organizations’ use of data and analytics.”

The release goes on, “Key findings from the survey include: (1) Overreliance on IT resources for data preparation costs organizations billions. Sixty percent of IT professionals spend half or more of their time at work on data quality assurance, cleanup or preparation. Based upon Glassdoor salary estimates and IDC’s estimation that there are 18 million IT operations and management professionals globally, organizations are spending over $450 billion on data preparation. (2) Fifty-nine percent of respondents (IT professionals and data analysts combined) believe that the majority of the data analysts in their organization are dependent on IT resources to prepare or access data.  (3) Eighty-two percent of analysts believe they would be able to drive increased value from their analysis projects with a decreased dependency on IT. (4) Unnecessary iteration between business users and IT exacerbates the cost of data preparation. Analysts that depend on IT to prepare data often request modifications to their initial requirements, the survey found, likely due to unanticipated findings from the raw data contents. Seventy-five percent of analysts said they regularly go back to IT with new requirements. This includes 11 percent who said they always do this.”

Read more at Globe Newswire.

Photo credit: Trifacta