Abstract
Data quality and especially the assessment of data quality have been intensively discussed in research and practice alike. To support an economically oriented management of data quality and decision making under uncertainty, it is essential to assess the data quality level by means of well-founded metrics. However, if not adequately defined, these metrics can lead to wrong decisions and economic losses. Therefore, based on a decision-oriented framework, we present a set of five requirements for data quality metrics. These requirements are relevant for a metric that aims to support an economically oriented management of data quality and decision making under uncertainty. We further demonstrate the applicability and efficacy of these requirements by evaluating five data quality metrics for different data quality dimensions. Moreover, we discuss practical implications when applying the presented requirements.
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