Data-complete
Data-complete signifies a state where a dataset or information repository contains all the necessary, relevant, and expected data points required for a specific purpose or analysis. It implies that the information is comprehensive, free from significant omissions or gaps that could compromise the validity or reliability of the analysis or decisions based on that data. Achieving data-completeness often requires rigorous data validation, cleaning, and integration from multiple sources, ensuring that all required fields are populated accurately and consistently. The level of 'completeness' is often defined by the context; what is data-complete for one application might be insufficient for another.
Data-complete meaning with examples
- The initial sales report was considered data-complete after the reconciliation team ensured every transaction was recorded and categorized, despite having initially missing information from the new online portal. The final report generated provided a reliable overview of the quarter's revenue, supporting accurate forecasting and identifying crucial areas for improvement based on the comprehensive data set.
- Before training the machine learning model, the medical research team strived for a data-complete database. They validated patient records, added missing diagnostic information, and cross-referenced external sources to build a dataset that could reliably correlate symptoms with treatment outcomes. This completeness ensured the model delivered accurate and actionable insights.
- The project manager required a data-complete project schedule before presenting it to the stakeholders. He ensured all tasks, dependencies, resources, and deadlines were meticulously logged to provide a transparent and realistic view of the project's timeline and potential bottlenecks. This transparency avoided misunderstandings.
- To build a robust credit risk assessment model, the bank required a data-complete consumer credit history. This involved gathering credit scores, payment history, and income information from various sources and cleaning and standardizing it to ensure accuracy. Only then could they accurately assess risk profiles, and make data driven decisions on granting loans.