Using Data To Build A Supply Chain
All data has a provenance.
It comes from somewhere. Someone created it.
Maybe it came from a sensor, or it was created by a person using Excel.
At some point it was entered into a database and then it was saved and distributed.
In a lot of cases you won’t really know where your data came from.
Your publisher is probably telling you that their data came from “official sources” but they’re not sharing the provenance of the data.
You just have to trust that the data is official and that it is recent.
That’s a problem.
Trust can only take you so far.
If you need to rely on your data, you should be able to test its provenance.
That means where it came from, when it was published and whether it was augmented.
At Spend Network, we provide complete details of each record’s provenance and our augmentations.
Our data is part of a complex supply chain, our customers need that supply chain to be transparent.
If you use it to make decisions then you need to understand not just what’s in the data but what it represents.
You can only do that if you understand exactly where it came from.
Spend Network are experts in global government procurement data.
We can help businesses access government buying opportunities at scale.
Get in touch to find out more.
Image courtesy of Mika Baumeister
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