From defining prices to forecasting demand and deciding what would be the best time to offer customers a discount, big data is revolutionizing the retail space. When you’re dealing with big data, the volume, types, uses, applications, contexts, etc. all vary. Thus, meeting data quality standards is a big challenge. Left unaddressed, these big data quality issues can lead to errors in algorithms, make the inferences less reliable and even cause compliance issues.

From defining prices to forecasting demand and deciding what would be the best time to offer customers a discount, big data is revolutionizing the retail space. When you’re dealing with big data, the volume, types, uses, applications, contexts, etc. all vary. Thus, meeting data quality standards is a big challenge. Left unaddressed, these big data quality issues can lead to errors in algorithms, make the inferences less reliable and even cause compliance issues.

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