Contemporaneous data is crucial for large corporations attempting to figure out what their assets are worth.
Inveniam believes the five-step ALCOA model represents a path forward. “ALCOA” stands for: attributable, legible, contemporaneous, original and accurate. Of these ‘contemporaneous’ is most often over-looked & misunderstood. Contemporaneous means to record the result, measurement or data at the time the work is performed. Date & time stamps should flow in order of execution for the data to be credible. Data should not be back dated.
It’s little things that matter; getting tiny details right translates into trust.
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