The ultimate guide to effective data collection

Abstract

Deming describes the importance that organisations, funders, and people in general give to data today. Data has become fundamental in nearly every aspect of life. Businesses and corporates use data to make better decisions, increase profits, grow revenues and improve efficiency. Organizations such as hedge funds, stock brokers and investment banks — where a split second delay in decision making can lead to huge losses — have been stalwarts in using data to make the smallest decisions.