Data Quality Blog

http://blog.naveego.com

Naveego Secures Financing Round to Expand Global Reach and Capitalize on the Multi-Billion Dollar Data Quality Market

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Disruptive Data Quality Provider Delivers Information Assurance as 84 Percent of CEOs Are Concerned about the Quality of Data to Make Strategic Business Decisions Traverse City, MI – July 25, 2017 – Naveego, an emerging leader of cloud-based Data Quality and Master Data Management (MDM) solutions, announced today it has secured half a million dollars in a financing round from Boomerang-Catapult and strategic investor Casey Cowell, co-founder of U.S. Robotics. The company will make use of the funding to drive continued product innovation and global expansion as it capitalizes on the rapidly growing multi-billion dollar Data Quality Tools market.

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Data Quality Industry Report

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The latest Research and Markets report on the direction on the data quality market was recently released. The report suggests that the data quality tools market size will increase from $610 million in 2017 to $1.3 billion in 2022. The in-depth report tells us quite a bit about the projected growth of the industry, as well as some reasons for the explosion in data production on behalf of consumers and businesses.

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Three Reasons to Get a Data Quality Consultation Today

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If we were to guess, your Outlook calendar is likely already full for the foreseeable future. As an individual in a strategically important role, your time is taken up managing people or processes, and it many cases, both. But putting off addressing your data quality issues is detrimental to your business, and it’s high-time to block off some time in your schedule in order to find out exactly what your poor data is doing to your people, your processes, and your bottom line.

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Who Would Benefit from a Data Quality Solution?

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Who is a Data Quality Solution For? On our blog, we often discuss the benefits of using a data quality solution to help businesses use better data to make smarter decisions to run their businesses. We use this example because it paints the clearest picture of the benefits of utilizing a data quality solution. But if we’re leading readers to believe that you have to be at the C-level in order to get the most out of our data quality solution, we’re very much leading you astray. The fact is that so many different roles within business could find immediate and profound positives from a data quality solution.

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Data Quality Disrupting Oil and Gas Industry

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Oil and Gas Goes High-Tech When you think of the oil and natural gas industry, you might think of windswept prairie and pump-jacks before you think of cloud computing. But you might be surprised to learn just how much investment is made on data processing, storage, and analysis within the industry. To provide some reference, the oil and gas industry spent over $700 million on high-speed computing alone in 2014, according to a report by IDC.

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Data as a Competitive Advantage in Business

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Data Quality and Decision Making Data quality is quickly becoming a high priority for many businesses in a variety of industries. But it’s important to realize that the objective of clean data isn’t just to tick a box at a quarterly meeting. The implications of having clean, reliable and accessible data reach far outside any conference room or goal list on a whiteboard. The reality is that your data, whether clean or otherwise, likely affects nearly every aspect of your business - from the C-level to the mailroom, and most especially your bottom line.

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Skills Gap in Data Quality A Major Challenge for Businesses

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Lack of Data Quality Expertise an Issue for Businesses As the amount of data created by businesses and their consumers increases, the need to organize and comprehend this data in a meaningful way increases as well. Unfortunately for many companies, in-house data quality expertise is expensive to hire or develop internally, while time and money are certainly highly-prized commodities for any sized company. According to a report from Forbes, 27% of the 300 Senior Executives at companies in North America, Britain and Ireland reported that the data quality skills gap was a major roadblock to their data and business analytics efforts.

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Poor Data Quality Keeps CEOs Up at Night

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Poor Data Quality Keeps CEOs Up at Night A leadership position in the business world is fraught with stress. Each day, the decisions made by C-level executives affect the livelihoods of a sizeable number of individuals. With so much at stake, CEOs want as much information as possible to aid them in their responsibility of making the best decisions possible to continue company growth and look out for the interests of customers and employees alike. 

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What Does a Good Data Quality Solution Do?

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What to Look for in a Data Quality Solution You can find a myriad of articles and studies that speak of the benefits of using clean data to run an organization. It’s very easy to make the connection between cleaner data and more informed business decisions. But rarely do these study ever really bring to light just how a data quality solution impacts a business beyond cleaner data. So, what does a reputable data quality solution do for a business and its data? Let’s find out.

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C-Level Execs Extol Virtues of Data-Driven Business

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Data and Analytics Grow Businesses While you’re likely unsurprised to read our blog posts to find us describing the multitude of benefits of running a business based on clean, clear data, it’s time we heard from someone else on the topic. Luckily for us, EY and Forbes Insights conducted a survey of over 1,500  business executives who have used data quality and analytics to grow and streamline their organizations.

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