Ensuring High Data Quality

Examines the Need for Ensuring High Data Quality

MIAMI, FL – While digital transformation has been the focal point of the enterprise discourse since the 1990s, data quality became an equally prominent subject in the 2000s. Trevor Silver, founder and CEO of Exusia, comments, “In an increasingly wired world, companies have little trouble collecting information to support data-driven business models and operate competitively. In fact, the explosion of social media, on-demand web services, and digitally connected devices has made data accumulation a concern of the past, the challenge now being to ensure that corporate datasets contain information that is truly valuable. Enterprises have come to realize that collecting data delivers no benefits unless its quality is assured and constantly maintained at a high level.”

As the leader of a company specializing in analytics and data engineering solutions, Trevor Silver is keenly aware of how vital high data quality is. He explains, “Organizations need to be constantly reminded that data quality degrades over time, be it due to subpar consolidation, inadequate inspection at entry, or invalid external feeds. Whatever the reasons for this degradation may be, corporations should never lose sight of the fact that maintaining high data quality is critical for improving client relationships and complying with regulatory rules. It is also directly linked to profitability as it enables management teams to calculate precisely capital requirements. When enterprise data is regularly inventoried to assess and improve its quality, companies derive benefits such as new revenue stream opportunities, improved client satisfaction, reduced compliance costs, and accurate reporting.”

The digital transformation of the business environment is powering ahead, but without high-quality data, it is virtually impossible to revamp global supply chains, accelerate automation, advance industry alliances, and generate actionable insights. The need to concentrate efforts in that direction is underscored by the fact that 55% of business leaders lack trust in their data, which erodes their confidence when making decisions and ultimately impairs customer relationships and financial performance. According to Trevor Silver, improved decision-making, stronger business partnerships, and greater customer loyalty are direct outcomes of maintaining corporate data at high quality. These benefits are the result of more precise targeting, enhanced marketing effectiveness, and faster insights into industry trends and dynamics. Accurate, reliable, and up-to-date data has become the driving force behind corporate success, ensuring business agility, efficient resource utilization, superior customer experiences, and competitive advantages, all of which are vital in today’s globalized marketplace.

In 2012, Trevor Silver embarked on a journey to transform the analytics and data engineering experience for business organizations with the launch of Exusia. The company he founded in New York City has grown to become a leading provider of consulting services and software solutions that empower clients across the globe to increase revenues, optimize cost structures, and meet regulatory requirements. An industry veteran with 20 years of experience, Trevor Silver promotes the innovative use of analytics and data engineering, believing it to be critically important for enterprises that deal with massive data volumes and complex data engineering requirements, notably operators in the healthcare, financial services, telecommunications, consumer products, hospitality, and advanced technology sectors.

Contact Information:
Exusia, Inc.
Harpreet Mehta
Senior Director – Global Operations

SOURCE: Exusia, Inc.

Through the past 20 years, the internet has gone from an invention that puts information at everyone’s fingertips and enables online business ventures to a huge data-generating machine transforming the whole of society. “Even in the early days of the online boom, it quickly became apparent that all the information building up in cyberspace would
The new millennium has brought remarkable advancements in technology, allowing enterprises to adopt innovative business models and providing them with sophisticated tools to improve daily operations and financial results. On the other hand, the massive accumulation of data has turned into a challenge as corporations struggle to derive benefits