5 Pillars of Effective Data Management
Enterprises today are relying more than ever on having good data with which to work. Critical business decisions, from an organization’s strategic direction to the details of its everyday operations, depend on having information that is accurate, complete, and timely. Achieving that level of data excellence doesn’t happen automatically. It is the result of active […]
Three Important Considerations for Data Integrity
According to Gartner Research, the average financial impact of poor data quality on organizations is $9.7 million per year. Enterprises are putting a greater focus on data integrity than ever before. The volume and velocity of the data available to decision-makers continue to rapidly increase. Data management – and particularly data integrity – are evolving […]
Geo addressing: Efficiently manage addresses to automate business processes
One of the most difficult data challenges that organizations face is compiling an accurate, current, and correctly formatted dataset of customer addresses and their associated geocodes. We call this geo addressing and it is an essential step before you can tackle any number of business processes, including: Invoicing Compliance-related customer communications Direct mail marketing to […]
4 Examples of How Enriched Data Can Generate Value
Advanced business analytics deliver competitive advantage to organizations that have the foresight to leverage data-driven insights as part of their strategic decision-making processes. A company’s first-party data is one of its most valuable assets, but the value of that information falls far short of its potential if it is not also enriched with trusted, curated […]
Geo Addressing: Expanding International Reach and Precision for Geocoding, Addressing & Data Enrichment
Mary Todd Jones, MT Jones and Mary T Jones are probably the same person. How do you know? Check the address associated with each name: 346 Main Apt A, 346-A Main St., 346 Main Street Unit A. Again, probably the same address. But which one is correct? Although the physical addresses present in business information […]
Enabling Automation at Scale: Interoperability and Data Enrichment
For years, data interoperability has been a challenge for business leaders striving to extract valuable insights from their corporate data. Inevitably, valuable business data resides in different systems and is stored in varying formats. Add variations in human behavior, and things can get even more problematic. For example, if a salesperson adds “ABC, Inc.” to […]
4 Ways Property Graph Simplifies Property Data Enrichment
When a property is central to business decisions, data enrichment becomes critical to success by providing a 360-degree view of the factors that influence those decisions. The reality is, most businesses have limited property data in-house, often just an address, which means they depend on third-party data providers like Precisely to fill in the gaps. […]
How Good Data Enrichment Practices Impact Your Data Integrity
Data integrity is a foundational requirement for virtually any business to be successful in today’s world. Data integrity is about trust and confidence. Many people often conflate data quality with data integrity, however the latter is more comprehensive. Both are critically important, and although they are clearly related, the two phrases actually have very distinct […]
Data Trust and Reliability Issues Impact Business Analytics
Cloud analytics drives innovation. Increased processing power, cheap storage, and in-memory computing have made it possible to churn through massive volumes of data in virtually no time at all. Business analytics vendors compete to provide the fastest, most intuitive tools with integrated visualization capabilities. Cloud hyperscalers provide the kind of highly elastic platform ideally suited […]
Reduce Business Risk and Drive Confident Decisions with Property Data Enrichment
With Google Street View, we can zoom in for a look at virtually any property in the U.S. and in many countries across the globe. Actually seeing the image of a property, its structures, and its immediate surroundings can certainly be useful. But from a business perspective, this approach to gathering information about a property […]
5 Use Cases for Enriched Data in the Insurance Industry
At its core, the insurance industry is about accurately predicting risk, pricing policies to sufficiently cover that risk, and minimizing fraud. Enriched data such as geospatial data adds richness and location context and accurate insurance characteristics to existing information about policyholders, insured properties, and more. For data-driven insurance companies, data about properties and locations and […]
4 Ways to Leverage Enrichment Data to Understand Your Customer
For years, businesses have sought new ways of gaining insights about their customers. In an era of powerful business applications built around ERP and CRM, analytics has gained momentum as the software industry has found new ways of managing and analyzing larger and larger volumes of information. A rich array of new sources of customer […]