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Posts Tagged ‘quality

Data in Real Estate (Part 2): Creating Quality

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Having established a foundational knowledge of data and its application to the geographic sphere of real estate, the ability to determine what sort of data will be most valuable for a company’s business ventures is even more important. In the most basic sense, data quality refers to the degree of excellence in relation to the portrayal of the geographic “phenomena” being examined, all contributing to the data’s fitness for use.

How can we say what makes “good” data? When you talk about a good book or a good movie, isn’t your judgment dependent on certain subjective qualities — interests, mood — that are individual to you? To a degree, yes, but there are also certain aspects that must be present without fail in order for a book or movie to be considered “quality.” A book must be free of unintentional spelling and grammatical errors, for instance, and a movie needs to have clearly identified characters and some form of plot.

The overall quality of data can be thought of in the same way. While the specifics of what makes good data will vary according to the type of data you’re seeking — real estate data as opposed to sports statistical data, for instance — there are non-negotiable elements that apply to data as a whole. Read the rest of this entry »

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Written by Tara Powers

July 25, 2008 at 5:58 pm

Posted in Informatics

Tagged with ,