Metric definition ought to specify the concise and full description of the enterprise goal or operate of the agreed-upon normal measure (metric) that’s used for governance and oversight. This description might comprise a number of particular contexts. For info high quality metrics, these contexts might embody both enterprise processes or technical environments;
Calculation ought to specify the method used to derive values and/or fields inside a spreadsheet or database;
– Data components ought to present context for the data introduced e.g., $ Amt Delinquent, % Outstanding;
Data supply ought to specify essentially the most instant system, database or spreadsheet from which the information is obtained; and
Metric proprietor ought to specify who’s accountable for the definition of the metric, making certain the metric is present and in line with regulatory steerage, and all modifications made to the metric.
The metric worth falls explicitly between the higher and decrease management limits specified by the enterprise logic and enterprise guidelines necessities, design documentation and utility structure or enterprise logic for which the data is getting used;
– The info has supported decision-making over time. Here the measure could also be an oblique indicator, e.g. variety of repeat customers of a given report; and
– Data profiling actions have confirmed suitability of the information for future meant makes use of.
Accessibility i.e. retrieved as wanted by applicable particular person ought to measure the diploma or proportion of regulated and managed entry that allow individuals and machines to make use of the information in accordance with enterprise guidelines in the most effective pursuits of the group;
Accuracy i.e. actual and exact, ought to measure the diploma to which information agrees with an unique, acknowledged authoritative supply about an actual world object or occasion, corresponding to a type, doc, or unaltered digital information acquired from exterior the group;
Completeness i.e. fulfilling formal necessities and expectations with no gaps, ought to measure the diploma to which all required information are recognized, outlined, current, and documented to fulfill enterprise necessities;
Consistency i.e. generally outlined and used throughout the enterprise ought to measure the diploma to which a set of information is equal in redundant or distributed databases. Sometimes referred to as “uniqueness” or “concurrency.” Where attainable, there ought to be one incidence of a component; the place not attainable the aspect ought to be standardized and associated throughout techniques;
Timeliness i.e. present and never outdated or out of date, ought to measure the diploma or proportion of system availability inside specified intervals. Timeliness ought to all the time be measured from the angle of the buyer of information;