News & Publications
“Data Assessment vs “Data Audit”:
A Comprehensive Comparison
Generative AI Has Finally Arrived for Procurement.
Are You Ready?
The Data Wars
A Battle for Business Supremacy
Supply Chain Risk Mitigation Through
Supplier Real Time Monitoring
Article 2 of 2
Supply Chain Risk Mitigation Through Supplier Real Time Monitoring
Article 1 of 2
The Power of Now
How Real Time Data Transforms Supply Chains
Utilizing Generative AI for Proactive Supply Chain Risk Management: Utilizing Altman (Z - score) and Ohlson (O - score) Analysis for Supplier Monitoring
Section 2 of 2
Utilizing Generative AI For Proactive Supply Chain Risk Management: Utilizing Altman (Z-score) and Ohlson (O-score) Analysis for Supplier Monitoring
Section 1 of 2
The Cost of Data Decay - Understanding Its Impact and Mitigation Strategies
Asset Management Data Challenges
Source - To - Pay System Data Utilization
Leveraging Data and Machine Learning In Small To Midsize Manufacturing Organizations
Supply Chain Network Vulnerability
Ivalua Adds New Advanced Features That Increase Productivity And Can Reduce Supply Chain Risk
Underrepresented Suppliers - Your Time Is Now
Managing Your Data Costs
Data “Trust” and Smart Contracts
(Web 3.0)
Excel - New Data Analytic Capabilities Using Python
Situational Awareness in Supply Chain Decision Making
What Is It and Why Does It Matter
The State Of Organizational Decision Making
The Whitehouse Announces New Supply Chain Data Initiative
Data Quality Deficiencies in Healthcare Records
The recent corona virus has drawn considerable attention to critical errors and gaps in the supply chain data quality in the healthcare field.
Joseph A. Yacura, Founder – International Association for Data Quality, Governance and Analytics
The recent corona virus has drawn considerable attention to critical errors and gaps in the supply chain data quality in the healthcare field. The severity of the limited real time data, poor data quality and lack of vertical integration of data all contributed to the challenges of ordering, shipping and receiving critical medical supplies.
Prior to this pandemic, a study of health care records was conducted by Yili Zhang and Guney Koru whose results were published in the “Journal of the American Medical Informatics Association Volume 27, Issue 3 March, 2020 Pages 386 – 395”. The article is titled “Understanding and detecting defects in healthcare administration data: Toward higher data quality to better support healthcare operations and decisions.”
The purpose of their study was to investigate and quantify the quality of the data contained in the health care records to develop a systematic approach to understanding and assessing data quality as data is becoming increasingly important as the volume and utilization of health care data increases. The data set they studied were comprised of Medicaid records from an undisclosed state. The data set contained 2.23 million rows and 32 million cells. They segmented the defects found into five (5) major categories and seventeen (17) subcategories. The five (5) major categories were:
Missing data
Correctness
Syntax violations
Semantic violations
Duplicity
Results:
Their study found more than 3 million (3,000,000) defects in the data set. Defect density exceeded 10% in five tables. The majority of the defects were format mismatches, invalid codes, dependency-contract violations, implausible value types, etc.
These findings suggest a significant opportunity for healthcare organizations to immediately address their data quality. Such an effort will result in lower operating and administrative costs, a higher level of data quality and improved patient care.