BOSTON, March 24, 2015 /PRNewswire/ -- Experian Data
Quality, a leading provider of data quality software and services,
today announced the release of a new research study, Create your
ideal data quality strategy. The study finds that the majority
of organizations have failed to optimize their data management
strategy, which has resulted in poor customer insight and wasted
revenue.
The people, processes and technology around data management
strategies need to be improved to have a positive impact on
operations and overall business performance. The data finds:
- Companies who have enjoyed a significant increase in profits in
the last 12 months manage their data quality in a centralized way,
with ownership resting with a single executive
- Ninety-two percent of companies find some element of managing
data to be challenging; the most commonly identified challenge is
fixing data quality issues before they negatively impact
business
- Eighty-eight percent of companies have a data quality tool in
place, but the average U.S. organization still reports a third of
their data to be inaccurate
"The data management strategies in place in most organizations
today do not match the business's desire for data-driven insight.
Organizations still rely on one-off, departmentalized approaches
that deal with data in siloes," said Thomas
Schutz, senior vice president and general manager for
Experian Data Quality. "Today's data demands require a more
centralized approach. Organizations need to invest in data
management but in the right way: by hiring the right people and
focusing them on centralizing processes and installing preventative
software."
To obtain a copy of Create your ideal data quality
strategy from Experian Data Quality, please visit
http://go.experian.com/DQ-US-15Dataqualitystrategy0315.
About Experian Data Quality
Experian Data Quality is a global leader in providing data quality
software and services to organizations of all sizes. We help our
clients to proactively manage the quality of their data through
world-class validation, matching, enrichment and profiling
capabilities. With flexible software-as-a-service and on-premise
deployment models, Experian Data Quality software allows
organizations around the world to truly connect with their
customers by delivering intelligent interactions, every time.
Established in 1990 with offices throughout the United States, Europe and Asia
Pacific, Experian Data Quality has more than 13,500 clients
worldwide in retail, finance, education, insurance, government,
healthcare and other sectors. For more information, visit
http://www.edq.com.
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."
Experian and the Experian marks used herein are trademarks or
registered trademarks of Experian Information Solutions, Inc. Other
product and company names mentioned herein are the property of
their respective owners.
Contact:
Erin Haselkorn
Experian Data Quality Public Relations
1 617 385 6700
erin.haselkorn@experian.com
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SOURCE Experian Data Quality
