January 24, 2022
Digital Transformation Needs Data Integrity to Succeed
To be effective, digital transformation efforts to improve business operations require reliable data. The exponential growth of business data, along with advances in cloud computing, artificial intelligence, and the Internet of Things, has ushered in a new era of digital transformation around the world – making data integrity a critical business need.
Based on a survey of 300 Chief Data Officers (CDO) at companies with 2,500 or more employees in the Americas, EMEA, and Asia Pacific by Precisely and Corinium Global intelligence, 82% of C-level data executives believe that data concerns represent an obstacle to data integration plans. Additionally, 80% also stated it’s difficult to ensure that data is continually supplemented with the right context at scale, which helps them make better business decisions.1
How Data Integrity Assists in a Digital Transformation
In the Life Sciences industry, data integrity facilitates compliance and increases agility and efficiency. It enables organizations to move more expeditiously with confidence in their data. A digital transformation aims to digitize the organization’s operations by leveraging the right technology throughout the business and across departments. By directing the company’s efforts towards ensuring data integrity, which includes the accuracy, validity, and consistency of the data, the digital transformation can lead to lower costs, improved product quality and patient safety. This in return leads to improved profitability and growth of the organization.
How to Maintain Data Integrity During a Digital Transformation
Bad data is a liability for the organization. Therefore it is imperative that during a digital transformation process, it is stressed that data integrity is also equally important. Management needs to cultivate an environment that focuses on data integrity as the key element to success with the digitization of the organization.
In order to ensure data integrity, automation of the process should be considered of utmost importance. Human error is inevitable as it is easy to make mistakes and enter data incorrectly when done manually. Automating the entry of data is a much more efficient and effective way to enter the data at scale. In their research, Forrester has found that organizations can cut operating costs up to 90% by automating data entry.
In the Life Sciences industry, data integrity is not only important to ensure efficiency and effectiveness of the business, it also helps organizations in avoiding legal fines. By incorporating regulatory compliance in your data integrity strategy, it helps ensure that you avoid any unexpected fines and adhere to industry best practices. It is therefore also important that organizations be aware of the regulatory requirements and build procedures that conform with those requirements.
It’s essential for the organization to understand the flow of data across systems and processes. The business needs to make it regular practice to validate inputs given front-end systems are being used to add data to the process. This will help to ensure that employees submit the correct information.
A Digital Transformation requires data integrity to be successful. A digital transformation aims to digitize the organization’s operations by leveraging the right technology throughout the business and across departments. By directing the company’s efforts towards ensuring data integrity, the digital transformation can lead to lower costs, improved product quality and patient safety along with profitability and future growth.
In order to maintain data integrity as part of the digital transformation, it is imperative that management cultivates an environment that focuses on data integrity. The organization also needs to automate the processes to avoid human error and ensure they follow regulatory requirements to avoid regulatory actions.
Why It Matters To You
Given the importance of a digital transformation to a Life Sciences organization, it is imperative that data integrity across the organization is maintained. In this blog post we discuss:
- Why a Digital Transformation requires data integrity to be successful.
- How data integrity ensures a successful digital transformation.
- Key considerations to maintain data integrity with a digital transformation.
For over 25 years, Astrix has been a market-leader in delivering innovative solutions through world class people, process, and technology that fundamentally improves scientific outcomes and quality of life everywhere. Founded by scientists to solve the unique challenges life sciences and other science-based business face, Astrix offers a growing array of strategic, technical, and staffing services designed to deliver value to clients across their organizations. To learn the latest about how Astrix is transforming the way science-based business succeed today, visit www.astrixinc.com.