Need to Know: Data quality

In this episode of Need to Know, our series covering the topics and issues influencing markets and the global conversation, Michael Beal, Co-Head of Enterprise Data Science at Bloomberg, discusses the importance of data quality and its implications for firms’ decision making.

“As we continue our transition into an artificially intelligent future, the quality of the data driving the models will have the largest impact on the outcomes of the clients that are benefiting from those decisions,” he says. “The cost of not ensuring that your models are leveraging high quality data are astronomical, both in terms of brand reputation of making decisions based upon faulty information as well as real economic impact.”