Data Quality as a Service (DQaaS)

How Data Quality as a Service (DQaaS) can boost the value of your most critical asset

It's been called "the oil of the twenty-first century," likened to a new currency, or said to now be worth more than tangible assets like real estate or inventory. But the true value of business data is notoriously difficult to pin down.

Data can be monetized directly, correlated across previously unrelated systems to reveal new insights, or harvested to fuel the advanced analytics that drive improved decision-making. In today’s digitally transforming world, these methods of creating value from information have become fairly commonplace. It’s commonplace, too, for executives to consider the value of their data to be directly linked to its availability and fitness for use in such applications.

Less often do we think of data as a bridge between our organizations’ internal structures and cultures and the world outside the enterprise. And it’s less common for stakeholders to assess their data’s value in accordance with its ability to reflect that outside world accurately and appropriately.

In essence, however, that’s exactly what high quality business partner (BP), customer, and vendor master data will give you - an honest reflection of the geographical, political, and social environment in which you do business.

Data Management Services

Whether data quality analytics, address validation, deduplication or bank account verification: Our innovative data management services help you to enhance the quality of your vendor and customer master data. Data Management Services

Data Quality as a Service (DQaaS) = Data Quality + Services

Obtaining and maintaining high-quality data isn’t just a technical problem. Though automated processes in data management can be employed for some data quality improvement tasks, such as finding and removing duplicate entries, or flagging tax ID number or postcode fields containing the incorrect number of digits, these activities are merely the beginning of attaining fully accurate data.

The primary challenge in ensuring that your master data remains true to life is that the external world your data strives to represent is ever-changing. Customers purchase new homes in new cities, change their names, or alter other aspects of their identities daily. They’re born, they die, and they relocate. Constantly.

Business partners and vendors are no more static than members of the public. Commercial entities are formed, merged with others or acquired, and dissolved on a regular basis. They may become subject to sanctions or embargoes, or become insolvent. Or they may change their corporate structures as they grow.

Not only does the outside world exist in a state of ongoing flux, but your technology environment is likely to evolve as aging systems become obsolete, new hardware and software resources become available, and functional requirements change. This, too, adds complexity to the task of keeping your data usable at all times.

When Data Quality is delivered as-a-service, not only can you obtain it via a secure and highly available cloud platform, but you benefit from the assistance of industry experts who devote their time and attention to finding the best data sources and technologies to help you handle the complexity of mapping data to an ever-changing world.

As a fully managed service, DQaaS enables you to avail yourself or a vast pool of resources - ranging from data transparency and cleansing algorithms to public records-based or community-sourced data validation resources - without increasing the demands placed on your team. Because the services are provided on a subscription basis and you pay only for the particular functionalities you need, they’re a cost-effective, flexible, and scalable solution.