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Data Quality Blog

http://blog.naveego.com

HEXstream Unveils Koios, a New Analytics Solution Powered by Naveego’s Complete Data Accuracy Platform to Deliver Comprehensive Data Quality and Master Data Management for Digital Transformation

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Traverse City, MI and Chicago – December 5, 2018 – NaveegoTM, an emerging leader of cloud-based Data Quality and Master Data Management (MDM) solutions and HEXstream, an advanced analytics company, today announced the release of KoiosTM, a new quality and master data management solution powered by Naveego’s Complete Data Accuracy Platform.

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Naveego Unveils Next Generation Data Quality and Master Data Management Solution that Delivers 800% ROI within 60 Days Versus Years

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New Data Accuracy Platform Empowers Organizations to Proactively Transform Data into Actionable Information Assets across Multiple Systems – Simple Self-Service Implementation Allows Customers to Deploy in Hours Eliminating the Need for Costly Customization

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Naveego Proof of Value without a shadow of a doubt

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In this day and age, with technology ever advancing, most corporate IT departments are constantly evaluating new products and services to accomplish common goals that we all share when it comes to information management, data quality, and master data management (MDM).

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The GDPR Will Be a Good Thing for Data Quality

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Although in the works for more than five years, the GDPR deadline came and went on May 25 and saw companies big and small scrambling for compliance with the sweeping new regulations. But, as outlets like The Verge point out, very few companies are in full-compliance after the deadline. While the race to meet the new regulations continues, the overarching hope for GDPR is a fundamental change in the relationship between data, consumer, and company. And this change will be a good thing, even if it’s a painful transition.

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The FDA's Opioid Data Was Wrong. These Are the Consequences.

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The Food and Drug Administration learned an important, yet highly detrimental lesson in the importance of data quality this week. You may have seen reports on the news of the mistake, but when we go deeper than the just the headlines, we see just how impactful this situation is for not just the FDA, but for the data vendor, and more importantly, for organizations researching drug abuse across the country.

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The New DMA Initiative Could Be a Model for Other Industries to Follow

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One gets the sense that the business world is finally seeing the imperative nature of data quality solutions. So much so, that we’re witnessing non-profit, membership organizations in the data and marketing space offer new initiatives on this issue as a membership benefit. The Data and Marketing Association recently announced the beginning of the Data Quality Labeling Standards program to help marketing professionals and data experts in the marketing field make better choices on third-party data vendors. To us, this seems like a fantastic initiative for other industries to follow.

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GDPR is Coming: Is Your Company Prepared?

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You’ve likely heard about GDPR (General Data Protection Regulation) going into effect for EU nations on May 25. It’s less likely that your data team has had much time to react to this new consumer protection. They may have thought it won’t have any impact if the organization is outside the EU’s jurisdiction. If they thought that, they’d be wrong. There's a lot to learn about the GDPR and its wide-ranging impacts on companies around the world. Here’s a look at why GDPR will be a watershed moment for businesses, consumers, and data management teams alike.

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75 Business Executives Had Their Data Quality Assessed: Here Are Two Key Takeaways from the Results

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It’s become a bit cliche to hear a business executive talk about being at data-first organization. However, more often than not, the number of companies who both walk the walk and talk the talk is few and far between. While accumulating, storing, and analyzing data has become commonplace, many executives are missing a crucial step in the data-driven culture they’re trying so hard to adopt. The important step they’re missing out on? Ensuring the data on which they’re basing their decisions is of high quality.

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Big Data Made Big Strides in 2017

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2017 will be known as the year that Big Data went from buzzword on tech blogs and into practice at companies and organizations around the globe. The 2017 Big Data Analytics Market Study shows that companies are ready to start taking action to make their data accessible and interpretable. The incentives to do so are clear; more insights, quicker recognition of business opportunities, lower costs, etc. But up until now, those insights have been limited to a fraction of companies worldwide. We can now say, the time of Big Data on a large scale has arrived.

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New Survey Provides Insight Into Financial Sector's Data Concerns

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A recent survey of banks from around the world reveal the varied challenges that financial institutions are facing when it comes to managing their enormous amounts of data. Chief among the hurdles mentioned are antiquated data infrastructure and regulatory requirements. A closer look at the data tells us that poor data quality is one of the main reasons for the frustrations endured by the respondents.

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