What are Critical Data Elements
Critical Data Elements(CDEs) are defined as “the data that is critical to an organization’s success” in a specific business area (line of business, shared service, or group function), or “the data required to get the job done.”
Correctly classifying Critical Data Elements or “CDEs’ ‘ is like finding the diamonds in the rough. Identifying CDEs is a data governance practice that allows organizations to prioritize tasks and goals more accurately.
Correctly aligning priorities drives improved revenue and product quality. Critical data varies by industry and the identification of CDEs must include involvement from an organization’s data stewards and subject matter experts.
The identification of critical data elements is expedited and simplified by Rhomeson to facilitate data management efforts and prioritize work that mitigates risk, improves data quality, enhances data access, improves revenue, and elevates product quality.
Why is knowing your CDEs important?
Within today’s competitive corporate landscape, it is more important than ever to know your data and optimize its value. To solve a problem, we first need to identify the issues, strengths, and weaknesses. Properly evaluating your CDEs is the first step toward proper and ethical data governance.
Once identified, companies prioritize efforts and more quickly deliver value by focusing on the most critical data such as customer identification, and employee identification, including name, gender, date of birth, and national ID.
All aspects of data quality and data management are simplified and streamlined when CDE’s are identified at the onset of these efforts.
Neglecting to properly assess your data leaves money on the table. Whether it’s security coverage, profit margins, or marketing practices, the only way to know you’re secure and optimized, is to know your CDEs.
How Rhomeson identifies, classifies, and optimizes CDEs
The process of classifying a company’s CDEs starts with a broad scan. With ever increasing data volumes and velocity, the task of scanning, identifying, tagging, and organizing mass data holdings across multiple services is a job for automation.
Implementing Rhomeson’s proprietary technology into your system allows for intuitive and accurate data classification while providing concise and actionable data governance policies.
There is a huge variety of applications for any set of data, and every industry will classify a given dataset’s importance according to their use case. Because of this broad variability in potential data sets, Rhomeson is equipped for a variety of industry base cases, while also offering great flexibility in scanning parameters.
Classifying your CDEs allows you to deliver high-value, high-impact, high-visibility data to your organization quickly and affordably.
Once the critical data elements are identified, tagged, and classified, Rhomeson enables you to enhance value by:
– Securing: Data is protected against inappropriate access or use through company and Rhomeson policies.
– Reliable: Data processing is predictable and reliable. The data element is monitored for performance. Controls are in place to detect and respond to unexpected events.
– Data quality is known: The criteria for high quality data are defined. Levels of quality are measured and reported on. Data issues are communicated to data consumers and remediated based on business priorities.
– Transparent and comprehensible: CDE Data consumers have the information (Metadata) they need to understand to gain more value from the data. Knowledge about the data is documented, accessible, usable, and current.
– Supported: A dedicated production support team is enabled to focus on and respond promptly to questions and issues related to the CDE’s.
-Communicated: Data consumers are better educated on the CDE’s and can focus on changes that impact their uses of data.
– Governed: Processes and accountabilities are in place to make decisions about the CDE’s.
When identified and managed correctly, knowing your Critical Data Elements offers huge benefits to the company’s security, efficiency, and success. Knowing and trusting your data is the first step to utilizing its full potential.
By scanning, securing, tagging, and supporting you throughout the process, Rhomeson offers rapid improvement to a variety of business elements, including margins, and efficiencies.
Here is a list of services that we offer to our customers to identify critical elements that might benefit them:
- Business concerns:
With this service, we ensure that the data meets the corresponding criteria and exclude all the irrelevant data from the criteria. For instance, rejecting the records that do not meet and are helpful for the organization in the future is the prime benefit of critical data identification. It can help in dealing with unnecessary information.
- Data Quality:
When it comes to data quality, we make sure that the assessment results are carefully reviewed. The primary purpose of this service is to prepare a comprehensive list of possible problems with the relevant reasons which can help our clientele.
- Data Quality Assessment:
In this service, the list is made and reviewed respectfully. We also make sure that some additional detail will be added to the data with the help of third-party tools. After this, we ensure that the assessment report is prepared correctly with minimal data flaws.
Personalized tactics are employed in every business’s use case. Specific use cases are easily implemented into the technology offering you the most accurate and specific data insights available on the market.
Book an appointment with us today and see what we can do for you!