From Raw Data to Insights: Simplifying Data Validation and Enrichment

Precisely
PreciselyPrecisely
From raw data to
insights: Simplifying data
validation and enrichment
Andy Bell | VP, Product Management
Emily Washington | SVP, Product Management
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• If you must step away, do not pause the session.
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A data validation
and enrichment
challenge
The struggles of a large procurement service
company
Maintenance and
enhancement
processes were
lengthy, complex,
and prone to
errors
Lack of complete
and accurate
master data
Time-to-market
for new services
and offerings was
too long, putting
at risk growth
and goals
New business
partners required
features for
invoice
verification that
were not
achievable
41% of organizations say the biggest
challenge keeping their organization
from effectively using location data for
decision making is that address data is
not standardized, verified and fit for
purpose...
Source: 2023 Data Integrity Trends & Insights Report
Critical business outcomes
depend heavily on the quality of
the data being used
Data troubles
• Without proper validation and
enrichment, data quality suffers,
leading to missing or incorrect
data that can negatively impact
analysis and decision-making
• AI-powered applications that are
not validated could lead to
incorrect decisions that can
result in a 50% loss of revenue
by 2023
Presentation name
6
Validati
on
Enrichment Insights
Presentation name
7
Validati
on Enrichment Insights
• High-quality data is critical to ensure you can trust the data
being used for decision-making
• Validation of contact data (names, addresses, phone
numbers, and emails) and other critical business data is
often complex to achieve
Presentation name
8
Validation
Enrichment
Insights
• Data enrichment empowers the discovery of critical relationships,
patterns, and insights, with complete and accurate data
• Data enrichment consistency - at scale – is challenging and
often requires prepping integration, and maintenance that is
time consuming and costly
Presentation name
9
Validation
Insights
Enrichmen
t
• Ensure confident decisions by ensuring the accuracy of
your own data combined with trusted enrichment data
• Create new and/or optimize existing revenue streams by
identifying customer preferences and behavior based on
location and delivering targeted marketing, and
personalized product offerings
• Save time and resources with a streamlined process to
ensure quality, geocoding, and enrichment
Transforming data into
actionable insights should be
simple
Data
Validation
Data
Enrichment
Insights
Your Data
Transforming data into
actionable insights should be
simple
Data
Validation
Data
Enrichment
Insights
Your Data
PreciselyID
Enhancing
Insights with
clean address
data
• Gain a more comprehensive view
of customers, improve customer
service, and increase sales
• Identify risks and opportunities
associated with an area
• Tailor marketing messages,
strategies, and more, for
high-impact strategies
12
A challenge solved with
data validation and
enrichment
The success of a large procurement service company
Reduction of risk for
IT and Operational
teams
Automation of
validation
and data quality
processes for all
information
workers and partners
Increased speed in go-
to-market activities,
resulting in
additional business
and replicable GTM
strategies
Enrichment of partner
data with additional
company information,
point-of-interest data
and geographical
information
Solving your unique challenges
A unique company requires tailored solutions – Precisely can help
Software
& Data
APIs
& SDKs
Managed
Services
15
Cloud / VPC / On-Premises
Data
Integratio
n
Data
Observabili
ty
Spatial
Analytics
Data
Governance
APIs and SDKs
Data Integrity
Services
Data Integrity
Foundation
Data catalog Intelligence Agents
Transform your data into valuable insights
15
+ +
Q&A
Thank you!
1 sur 17

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From Raw Data to Insights: Simplifying Data Validation and Enrichment

  • 1. From raw data to insights: Simplifying data validation and enrichment Andy Bell | VP, Product Management Emily Washington | SVP, Product Management
  • 2. • This session is being RECORDED. • If you must step away, do not pause the session. Ask a question: Use the Q&A tab to communicate with the presenters. There will be time to answer questions at the end of the presentation. Provide feedback: How'd we do? Use the thumbs up button below to give us your feedback, or you can respond later to a post-event notification. We’d love to hear from you: Show/hide Q&A Get in touch: Use the demo, chat and content buttons in the menu on the left and below in the session details. Get in Touch & Feedback buttons
  • 3. A data validation and enrichment challenge The struggles of a large procurement service company Maintenance and enhancement processes were lengthy, complex, and prone to errors Lack of complete and accurate master data Time-to-market for new services and offerings was too long, putting at risk growth and goals New business partners required features for invoice verification that were not achievable
  • 4. 41% of organizations say the biggest challenge keeping their organization from effectively using location data for decision making is that address data is not standardized, verified and fit for purpose... Source: 2023 Data Integrity Trends & Insights Report
  • 5. Critical business outcomes depend heavily on the quality of the data being used Data troubles • Without proper validation and enrichment, data quality suffers, leading to missing or incorrect data that can negatively impact analysis and decision-making • AI-powered applications that are not validated could lead to incorrect decisions that can result in a 50% loss of revenue by 2023
  • 7. Presentation name 7 Validati on Enrichment Insights • High-quality data is critical to ensure you can trust the data being used for decision-making • Validation of contact data (names, addresses, phone numbers, and emails) and other critical business data is often complex to achieve
  • 8. Presentation name 8 Validation Enrichment Insights • Data enrichment empowers the discovery of critical relationships, patterns, and insights, with complete and accurate data • Data enrichment consistency - at scale – is challenging and often requires prepping integration, and maintenance that is time consuming and costly
  • 9. Presentation name 9 Validation Insights Enrichmen t • Ensure confident decisions by ensuring the accuracy of your own data combined with trusted enrichment data • Create new and/or optimize existing revenue streams by identifying customer preferences and behavior based on location and delivering targeted marketing, and personalized product offerings • Save time and resources with a streamlined process to ensure quality, geocoding, and enrichment
  • 10. Transforming data into actionable insights should be simple Data Validation Data Enrichment Insights Your Data
  • 11. Transforming data into actionable insights should be simple Data Validation Data Enrichment Insights Your Data PreciselyID
  • 12. Enhancing Insights with clean address data • Gain a more comprehensive view of customers, improve customer service, and increase sales • Identify risks and opportunities associated with an area • Tailor marketing messages, strategies, and more, for high-impact strategies 12
  • 13. A challenge solved with data validation and enrichment The success of a large procurement service company Reduction of risk for IT and Operational teams Automation of validation and data quality processes for all information workers and partners Increased speed in go- to-market activities, resulting in additional business and replicable GTM strategies Enrichment of partner data with additional company information, point-of-interest data and geographical information
  • 14. Solving your unique challenges A unique company requires tailored solutions – Precisely can help Software & Data APIs & SDKs Managed Services
  • 15. 15 Cloud / VPC / On-Premises Data Integratio n Data Observabili ty Spatial Analytics Data Governance APIs and SDKs Data Integrity Services Data Integrity Foundation Data catalog Intelligence Agents Transform your data into valuable insights 15 + +
  • 16. Q&A

Notes de l'éditeur

  1. Emily Washington | SVP, Product Management Andy Bell | VP, Product Management
  2. Andy
  3. Emily Partnered with Drexel University College of Engineering on Data Integrity Trends & Insights, which will be published in June. Surveyed more than 450 data leaders from around the world Data program goals align with what we’d expect with 77% saying their top goal is data-driven decision making. However, less than 54% of respondents rate their organizations’ ability to trust data for decision making as high or very high. And 41% also said the biggest challenge of leveraging location data for decision making is that the address data is not standardized, verified and fit for purpose
  4. Emily Complicated and disparate validation and enrichment processes add time and money to enterprise goals Poor quality third-party enrichment datasets require specialized talent and resources to integrate into systems Poor data validation can lead to increased risk of security breaches, data loss, and other risks associated with data management.
  5. Emily This should be simple…if you apply validations and enrich with trustworthy data, you should have trustworthy insights.
  6. Emily We all understand that high quality data is critical for decision making. And we’ve all been investing in trying to solve this problem for ages. We have lessons learned, things that have worked, things that haven’t. When we look at business analytics and insights, validation of contact data, in particular, such as names, addresses, phone numbers and emails, along side other critical data is often a key focus, and can be quite challenging. Andy…
  7. Andy
  8. Andy Ensure the accuracy of your data with quality solutions t Enhanced data quality solutions for AI/ML via data validation and enrichment Customers want a single solution to ensure streamlined data quality – all in one place Ensure confident decisions by ensuring the accuracy of your own data and combined with trusted enrichment data  Append high-quality data with quality data for enrichment  enables automated and accelerated business decisions that increase revenue, lower costs, and reduce risk.
  9. Emily
  10. Andy
  11. Andy
  12. Andy
  13. Emily Thanks, Andy. We’re working with so many of you on various ways to validate and enrich your data for ensuring data integrity. Whether it be through software and data, integrating our APIs and SDKs into your environment natively, our leveraging our managed services to do it for you, we have many options to solve this very complex problem.
  14. Emily And as you heard in the keynote… we’re really excited about the innovation in the Data Integrity Suite to provide an even more integrated experience and options to scale for the growing number of analytical use cases. The modular, interoperable Precisely Data Integrity Suite contains everything you need to deliver accurate, consistent, contextual data to your business - wherever and whenever it’s needed. Data Quality: Deliver data that is accurate, consistent, and fit for purpose across operational and analytical systems  Geo Addressing: Verify, standardize, cleanse, and geocode addresses to unlock valuable context for more informed decision making Data Enrichment: Enrich your business data with expertly curated datasets containing thousands of attributes for faster, confident decisions And with that, we’d like to open it up some Q&A.