LONDON, Dec. 8, 2014 /PRNewswire/ -- Experian Data
Quality, a part of Experian and a leading provider of data quality
software and services, today announced that it has been positioned
as a Challenger in the Gartner Magic Quadrant for Data Quality
Tools research report by Saul Judah,
Ted Friedman, which was published on
November 26.
In a data-driven age where businesses of all sizes around the
world are using information to make decisions, engage with people
and drive operational efficiency, data quality management is
increasingly recognised as a key element in achieving and
maintaining a competitive advantage.
Jonathan Hulford-Funnell, Global
Managing Director, Experian Data Quality, said: "We are extremely
proud to be positioned as a 'Challenger' on Gartner's Magic
Quadrant. We believe it reflects our commitment to helping
customers around the world by developing new products and services
that tackle their most pressing data quality problems.
"Our own research highlights that poor quality data costs the
global economy over £1.67 trillion. Organisations with over
250 employees admit that they are losing between 7% and 14%* of
their revenue due to errors in their customer data. We will
continue to help businesses address challenging data environments,
ensuring they have the best possible data to support their own
growth."
X88 Software, part of the Experian Data Quality product suite,
is also once again recognized in the Gartner Data Quality Magic
Quadrant. The company is positioned as a visionary, for what we
believe is its continued use of innovation to put data quality
capability into the hands of business-facing users, significantly
reducing time-to-value for customers.
Combined with Experian, customers will benefit from an in-depth
understanding of the changing data quality market combined with
extensive global product suites, helping businesses gain actionable
insights from data.
Download the report by clicking here.
Global research findings
*Table 1: Wasted money as a result of inaccurate and incomplete
customer or prospect data:
- US – 13% at $2,029,390,000,000
- UK – 14% at $316,461,000,000
- Germany – 8% at $158,005,000,000
- France – 11% at $150,640,000,000
- Spain – 11% at $69,355,000,000
- Netherlands – 7% at
$32,839,000,000
Therefore the total amount of money wasted across all six
countries is approximately $2.8
trillion.
Source: European Commission, Eurostat: Structural business
statistics (SBS), Industry and construction, trade and services.
SBS covers the 'business economy' (NACE Rev.2 Sections B to N and
Division 95) which includes industry, construction, and
distributive trades and services. Note that financial services
(NACE Rev.2 Section K) is kept separate because of its specific
nature and the limited availability of most types of standard
business statistics for this sector. Also, SBS does not cover
agriculture, forestry and fishing, nor public administration and
(largely) non-market services such as education and health.
An exchange rate of 1 GBP :
1.6 US$ : 1.27 EU€ was used
Gartner does not endorse any vendor, product or service
depicted in its research publications, and does not advise
technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist
of the opinions of Gartner's research organization and should not
be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a
particular purpose.
About Experian
We are the leading global information services company,
providing data and analytical tools to our clients around the
world. We help businesses to manage credit risk, prevent fraud,
target marketing offers and automate decision making. We also help
people to check their credit report and credit score, and protect
against identity theft. In 2014, we were named by Forbes Magazine
as one of the 'World's Most Innovative Companies'.
We employ approximately 16,000 people in 39 countries and our
corporate headquarters are in Dublin,
Ireland, with operational headquarters in Nottingham, UK; California, US; and Sao Paulo, Brazil.
Experian plc is listed on the London Stock Exchange (EXPN) and
is a constituent of the FTSE 100 index. Total revenue for the year
ended March 31, 2014, was
US$4.8 billion.
To find out more about our company, please visit
http://www.experianplc.com or watch our documentary, 'Inside
Experian'.
Contact: Erin Haselkorn,
617-385-6700, erin.haselkorn@experian.com.
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SOURCE Experian Data Quality
