Data Integrity vs. Data Quality: How Are They Different?
Data can be your organization’s most valuable asset, but only if it’s data you can trust. When companies work with data that is untrustworthy for any reason, it can result in incorrect insights, skewed analysis, and reckless recommendations to become data integrity vs data quality. Two terms can be used to describe the condition […]
Build the Context You Need Around Your Data
Chances are, we’ve all heard the story of the lighthouse and the naval vessel, in which the captain of a large ship sees a light in the distance and transmits a command that the smaller vessel give way. After several refusals, the commanding officer angrily transmits: “I am a battleship.” The response comes quickly: “I’m a […]
Trust Your Data: Building a Culture of Data Integrity
Data professionals typically regard their area of expertise as fitting squarely within the domain of hard science. After all, it’s centered around knowable facts. Even subjective information, such as customer satisfaction metrics, is ultimately rooted in a fact-based understanding of quantifiable human reactions to a product or service. It should presumably be relatively easy to […]
Why Data without Context Lacks Integrity
You’re likely familiar with the oath witnesses must take to tell “the truth, the whole truth, and nothing but the truth.” It’s clear why “the whole truth” is included in that promise. When someone gives you only part of the story, it can distort your understanding of the facts. At best, you get an incomplete […]
Claims Processing with Generative AI: Making Sense of the Data
Insurance industry leaders are just beginning to understand the value that generative AI can bring to the claims management process. By harnessing the power of machine learning and natural language processing, sophisticated systems can analyze and prioritize claims with unprecedented efficiency and timeliness. They can ingest information as soon as it becomes available, summarize lengthy narrative […]
Your Guide to Unlocking Trusted AI with Reliable Data
What if every decision, recommendation, and prediction made by artificial intelligence (AI) was as reliable as your most trusted team members? This isn’t a distant dream – it’s a tangible reality with trusted AI. From enhancing decision-making and productivity to delivering personalized customer experiences and sparking innovation, trusted AI is your key to gaining a […]
Data Integrity Trends for 2024
In 2023, organizations dealt with more data than ever and witnessed a surge in demand for artificial intelligence use cases – particularly driven by generative AI. They relied on their data as a critical factor to guide their businesses to agility and success. When we look at data integrity trends for 2024, agility remains a […]
Data Quality Trends for 2024
The demand for trusted data is at an all-time high. This was made resoundingly clear in the 2023 Data Integrity Trends and Insights Report, published in partnership between Precisely and Drexel University’s LeBow College of Business, which surveyed over 450 data and analytics professionals globally. 77% of respondents cited data-driven decision-making as the leading goal […]
Best of 2023: Top 5 Data Integrity Blog Posts
Data integrity empowers your businesses to make fast, confident decisions based on trusted data that has maximum accuracy, consistency, and context. As 2023 comes to an end we’re counting down the Top 5 Data Integrity blog posts of the year. #5. Four Key Data Management Steps for Effective ESG Reporting For many years, environmental, social […]
What Is Data Observability and Why You Need It?
Experts estimate that the world is generating 2.5 quintillion exabytes of data every day. That information resides in multiple systems, including legacy on-premises systems, cloud applications, and hybrid environments. It includes streaming data from smart devices and IoT sensors, mobile trace data, and more. Data is the fuel that feeds digital transformation. But with all that data, there […]
Location APIs: Powering Greater Accuracy and Context for Your Business Applications
According to the 2023 Data Integrity Trends and Insights Report, data quality is the #1 barrier to achieving data integrity. And poor address quality is the top challenge preventing business leaders from effectively using location data to add context and multidimensional value to their decision-making processes. Poor location context has much broader negative implications than that. […]
Better Data, Better Underwriting: Simplify underwriting with better data
Advanced data analytics enable insurance carriers to evaluate risk at a far more granular level than ever before, but big data can only deliver real business value when carriers ensure data integrity. For P&C insurance, that starts with having accurate and precise information as to the location of an insured property. Data quality is critical, […]