Mighty Canary has created a Trustmark for data that displays real-time status on the dashboards and reports used throughout a company.
“Is that dashboard, right?” This question embodies a crisis in confidence about data that cost companies worldwide an estimated $100 billion each year in lost productivity.
Businesses invest $274 billion annually in data and analytics systems, yet only 27 per cent of executives say their analytics drive business results. According to a study by Accenture, the average knowledge worker uses three business intelligence tools and refers to constantly-changing data dashboards regularly to do their job. This overload has a cost: 74 per cent of employees report feeling overwhelmed when working with data.
How can data teams build confidence with the rest of the company and reduce time spent answering questions about the reports they produce? Mighty Canary has created a Trustmark for data that displays real-time status on the dashboards and reports used throughout a company. Like a freshness date on food or medicine, the Mighty Canary Trustmark enables data teams to signal and communicate the state of the data, wherever that data appears.
“Without trust, data stops being a business driver and becomes an obstacle,” said Tabrez Syed, Mighty Canary Co-founder and CEO. “Our Trustmark creates a clear communication channel between data teams and stakeholders so the organisation can work confidently with data.”
Sample data dashboard with a Mighty Canary Trustmark. Click to enhance.
If a problem arises with the data that powers a report, it’s displayed directly on the report with a simple visual indicator that’s easy for non-technical stakeholders to understand. The data team can use the tool to communicate the expected time to resolution and other important messages to the stakeholders of specific reports.
To enhance security, Mighty Canary reports on the state of data pipelines without accessing the data itself. Mighty Canary integrates with the common components of modern data stacks from Tableau, Airflow, Sisense, DBT and other widely-adopted tools for managing data and creating dashboards.