Data readiness levels (DRLs) and related assessments are an important part of data analytics. Data readiness levels is a concept where different stages represent the quality and maturity of data. Data science is becoming increasingly popular, but not all companies have the right level of data readiness for this type of work. Performing data readiness levels assessment is important because it gives an insight into the quality and quantity of your current datasets and helps determine future success of the data analytics project. This blog post will explain what data readiness levels are and why assessment tests are important in relation to them.
Data readiness is defined as the state of the readiness of data for a particular use such as building AI / machine learning models. Data readiness levels of the given data set to be used in the project can help project stakeholders take proactive action for risk mitigation if any due to lack of proper data. In order to determine data readiness levels (DRLs), data readiness assessment tests are performed at different stages of project execution including the beginning of the project and as the project implementation moves along. The resulting data readiness reports are published to key stakeholders including data science team, engineering and business team to remain confidence about the decisions they make based on the data. There are three different levels at which data readiness for a project or product is assessed. They are the following:
The data readiness level assessment test starts at band C and move forward to band B and finally band A.
Data that enters an machine learning (ML) pipeline is subjected to pre-processing by various stakeholders in their own distinctive manner using tools (such as Jupyter notebook, R studio etc) and methods (such as data exploratory analysis). This ad-hoc and iterative nature of work limits reuse and results in loss of productivity. Data practitioners such as data analysts, data scientists etc spend a significant percentage of their time in exploring and tackling various data accessibility and validity issues. This is due to their lack of expertise in dealing with the problems that incoming data poses, as well as whether any modifications or changes have been made to it, and if so, by whom. What is needed is a sort of practice which can help assess the data readiness much in advance and, at regular intervals. This is where the the concept of a data readiness report gets introduced.
Data readiness report can be defined as a documentation to a data quality and readiness assessment that would allow data consumers such as data scientists and ML engineers to get regular and detailed data insights into the quality of input data across various different standardized dimensions. It serves as a comprehensive documentation of all data properties and quality issues including data operations by various personas to give a detailed record of how data has evolved.
Data readiness is tested or evaluated at regular intervals in order to ensure success of data analytics projects including advanced analytics or machine learning based projects. The following are some of the following criteria / parameters against which evaluation needs to be carried out.
Data readiness levels are an important component of data analytics projects. The assessment process should consider the following criteria/parameters: Data accessibility, data validation checks and finally, data utility test. After completing all these steps in your assessment test you will have a better idea about what level of data is appropriate for solving business problems.
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