Conducting Data Audit And Assessing A Company's Data

Conducting data audit and assessing how a company's data and is fitness for a particular purpose

Conducting a data audit involves verifying a company's data to evaluate its quality and determine its suitability for specific purposes. This process includes examining key metrics, creating conclusions about the data set's properties, and ensuring it aligns with organizational needs. The audit depends heavily on proper registry and storage management of data files, ensuring data integrity and accuracy throughout various processes.

Data files sent from a company's server or bureau often require validation to detect issues such as invalid addresses or duplicates. The service bureau's responsibilities encompass recording sample counts, handling invalid state/ZIP files, managing NCOA (National Change of Address) drops, foreign files, and maintaining meticulous records of each step—including matching input counts with mainframe data, identifying false files, updating duplicates, and merging drops. Ensuring the integrity of customer records involves performing searches across internet systems and confirming that client data is complete and accurate.

An essential aspect of data auditing is verifying that customer records are consistent across different systems and that their frequency and monetary values fall within expected ranges. Maintaining the accurate classification of emails, particularly preventing 'not-to-be' sent emails from entering inboxes, is also critical but challenging. The process emphasizes matching RFM (Recency, Frequency, Monetary) counts with previous records and monitoring the rate of unknown or unmatched data, which affects the estimation of new file counts.

Certain activities are explicitly discouraged during audits, such as inspecting the internal logic, algorithms, or programming code used by the service bureau. Validation should focus on the final output rather than reproducing or mimicking the bureau’s internal processes. Mainframe tools and systems are primarily utilized for the comprehensive auditing process, while the overall goal is to ensure proper data flow, merge accuracy, and integrity.

The data audit framework, developed by the DAFD (Data Assets Framework Development) project, offers a structured approach to discovering and managing data assets, especially within educational institutions. It emphasizes identifying, describing, locating, assessing, and managing data assets to maximize their potential and facilitate better outcomes. For example, while administrative assets like student records or research outputs are outside its scope, the framework underscores the importance of a systematic approach in managing data assets.

Effective data management and auditing are vital for organizational efficiency, resource allocation, and risk mitigation. Proper auditing helps organizations prioritize resource deployment, identify data quality issues, and manage associated cybersecurity risks. The use of dedicated data audit tools and procedures enhances the accuracy and reliability of data, which is crucial in protecting organizational assets against cyber threats.

References

  • Mullins, C. (2002). Database administration: a complete guide to practices and procedures. Retrieved from [appropriate URL]