WEBVTT 00:00:02.200 --> 00:00:05.100 Data collection and analysis is an essential part of 00:00:05.100 --> 00:00:06.900 our decision-making process. 00:00:06.900 --> 00:00:11.133 Whether you are a runner using your times to benchmark for future races, 00:00:11.333 --> 00:00:14.300 or a demand planner projecting future supply trends, 00:00:14.300 --> 00:00:16.566 we all rely on accurate data. 00:00:17.100 --> 00:00:19.366 But did you know that close to 30% 00:00:19.366 --> 00:00:22.933 of the data collected and used by organizations is inaccurate? 00:00:23.200 --> 00:00:27.700 The reasons may vary, but the results of poor data quality are often the same; 00:00:27.866 --> 00:00:30.866 wasted resources and additional costs. 00:00:31.133 --> 00:00:35.466 Data cleansing, also known as data cleaning or data scrubbing, is a process 00:00:35.466 --> 00:00:38.566 of detecting and deleting duplicated data and identifying 00:00:38.566 --> 00:00:41.566 and improving inaccurate information inputs. 00:00:41.766 --> 00:00:45.666 It is important for organizations to have a strategy to regularly cleanse 00:00:45.666 --> 00:00:49.800 their data and maintain the foundations needed to improve for the future. 00:00:51.066 --> 00:00:53.133 Is your business making the most of its data?