Timeliness represents the time taken to compile and publish any statistical indicator, measured from the end of the reporting period. Accuracy may be defined by the discrepancy between the data compiled and the unknown “true” figure (the target value).

What is important accuracy or timeliness?

As there is a schedule for the distribution of the monthly report, timeliness was top-of-mind. At the same time, accuracy is important because revisions cause delays. The tight correlation between accuracy and timeliness made the discussion interesting. Accuracy and timeliness are quality attributes.

What is timeliness in data quality?

Data Quality and MDM

Timeliness refers to the time expectation for accessibility and availability of information. Timeliness can be measured as the time between when information is expected and when it is readily available for use.