We don't eat expired food, so why are we still using expired data? Like your fresh produce, your data has a shelf life and you risk harm to your supply chain by using outdated data. In order to be as efficient as possible, you need the most accurate and up-to-date data, and spoiled data just won't do.
How long until data expires?
That depends on the data you are collecting, and where it's coming from. If you're collecting data on the cost of tires for your fleet, you can likely use last week's data and still be fairly accurate. If you're analyzing your freezer temperature for food safety, a few minutes can mean a world of difference. Knowing how fast your data changes will help to determine how often you need to replace it.
In general, data is most accurate when it is timely. Therefore, the best possible data is visible in real time, allowing you to know what is happening now instead of what has already happened.
Avoiding Spoiled Data
The best way to avoid spoiled data is to always ensure you have the most up-to-date data possible. Utilizing a software like Routeique, you can ensure that your data is as accurate and timely as possible, ensuring you never make decisions based on out-of-date information.