Introduction

Data quality is a critical factor in the success of any enterprise. Inaccurate or incomplete data can have a significant impact on decision-making, customer experience, and revenue. In today's world, where businesses have access to an overwhelming amount of data, ensuring its accuracy and relevancy is of utmost importance. In this blog post, we will explain why data quality is crucial for enterprises and introduce the solutions we offer to help businesses improve their data quality.

Importance of Data Quality for Enterprises

Poor data quality can result in wrong conclusions, which can lead to flawed business strategies. This is especially true for operational data, which is used to make data-driven decisions. Inaccurate data can result in significant financial losses, legal complications, and loss of customer trust, which can take years to regain. Therefore, data quality should be an essential part of an enterprise's data management strategy.

Moreover, data quality is critical for companies that plan to implement advanced technologies like artificial intelligence, machine learning, and big data analytics. These technologies depend on good data quality to function correctly. Poor data quality can lead to incorrect predictions and decisions, which can have disastrous effects on the business.

Our Enterprise-Level Solutions

At ExactBuyer, we offer advanced data quality solutions for enterprises that help them improve the accuracy and relevancy of their data. Our solutions include real-time contact and company data, audience intelligence, and marketing and sales automation tools. These solutions help businesses build more targeted audiences, find new accounts, and hire the best talent. Moreover, our AI-powered search feature enables businesses to find related contacts or companies quickly.

We offer different plans that cater to the specific needs of our clients. Our Sales Plan, priced at $495 per month, offers unlimited real-time employment updates and company search, unlimited search, AI-powered search, native Hubspot and Salesforce integrations, and up to 4 seats per plan. Our Recruiting Plan, priced at $249 per month, includes access to 270+ million verified candidates with direct emails, mobile phones, and social details, unlimited real-time employment updates, AI-powered search, and boolean searches, among other features. Our Marketing Plan, starting at $899 per month, provides native Hubspot and Salesforce integrations, schedule account and contact enrichments, market mapping, reporting and analytics, and real-time audience generation and deployment across every channel, among other features.

Finally, we offer a custom enterprise plan tailored to the needs of specific teams. Our API, which costs $999 per month, provides access to all API endpoints, real-time contact and company data, technographics, firmographics and demographics data, and over 415M B2B and B2C contacts, and over 25M+ companies.

In conclusion, ensuring data quality is critical for all businesses. At ExactBuyer, we offer advanced data quality solutions for enterprises that help them improve their decision-making, customer experience, and revenue. Contact us to learn more about our solutions and how they can benefit your business.

The Problem with Poor Data Quality

Having poor data quality can have a significant negative impact on businesses, ranging from lost revenue to decreased productivity. In this section, we will explore the various ways in which poor data quality can adversely affect enterprises of all sizes, and provide real-world examples and statistics to emphasize the importance of data quality solutions.

Lost Revenue

Poor data quality can result in lost revenue for businesses. Inaccurate data can lead to failed marketing campaigns, misdirected sales efforts, and ultimately lost sales. According to Experian, 91% of organizations believe that their bottom line is affected by inaccurate data, with the average company losing 12% of its revenue because of poor data quality.

Decreased Productivity

Incorrect or incomplete data can also lead to decreased productivity, as employees may spend valuable time trying to correct errors, or use outdated information. In a study by Gartner, it was found that poor data quality cost organizations an average of $15 million per year in lost productivity.

Real-World Examples

There are numerous real-world examples of businesses suffering due to poor data quality. For example, in 2016, Wells Fargo was fined $185 million for opening fraudulent accounts due to employees using inaccurate customer data. Similarly, in 2017, Target had to pay $18.5 million in settlements due to a data breach caused by failing to update software.

• Experian reports that 75 percent of companies believe their customer contact data is inaccurate, and less than 50 percent trust their data enough to make key business decisions.


• In total, it is estimated that bad data costs U.S. businesses more than $3 trillion annually, according to IBM.

It is clear that poor data quality can have a significant impact on businesses. It is crucial for enterprises to invest in solutions that ensure the accuracy and completeness of their data, in order to avoid potentially costly errors and lost revenue.

Our Comprehensive Data Correctness Solutions

At ExactBuyer, we offer a range of data quality solutions that help enterprises maintain accurate data at scale. Our data correctness solutions include automated validation, normalization, and verification.

Overview of Our Data Correctness Solutions

Our automated validation solution ensures that data is entered correctly at the point of capture. This helps prevent errors that can lead to inaccurate data downstream. Our normalization solution standardizes data formats so that it is consistent and usable across systems. This ensures that data is accurate and can be easily analyzed and reported on. Our verification solution uses a combination of algorithms and manual checks to ensure that data is accurate and up-to-date.

How Our Solutions Improve Data Quality at Scale

Our data correctness solutions are designed to improve data quality at scale. By automating validation and normalization, we can ensure that large volumes of data are accurate and consistent. This reduces the risk of errors and improves the efficiency of data processing. Our verification solution ensures that data is up-to-date and accurate, even as it changes over time. This helps enterprises make informed decisions based on the most current information available.

Overall, our data correctness solutions help enterprises maintain accurate and reliable data at scale, which is crucial for making informed business decisions.

Ensuring Data Consistency with Our Solutions

At ExactBuyer, we understand the importance of having consistent and accurate data across an organization. In today's data-driven world, businesses need reliable information to make informed decisions and stay ahead of their competition. That's why we offer solutions that help ensure data consistency and alignment with company-wide standards.

Our Solutions for Ensuring Data Consistency

• Real-Time Updates: Our solutions provide real-time updates to ensure that the data is always up-to-date across all systems and processes.


• Data Cleansing: We offer data cleansing services to identify and remove any duplicate or inaccurate data, ensuring that your organization is working with consistent information.


• Data Integration: Our solutions integrate with your existing systems and processes, ensuring that all data is aligned and consistent, regardless of where it's stored or sourced from.


• Customizable Data Standards: We help businesses align their data with company-wide standards and can customize these standards to meet their unique needs.

How We Can Help Your Business

Our solutions can help your business in several ways:

• Improved Decision-Making: With consistent and accurate data, your organization can make informed decisions that drive growth and success.


• Increased Efficiency: By automating data updates and cleansing, your organization can save valuable time and resources that can be redirected towards achieving business goals.


• Reduced Risk: Accurate and consistent data reduces the risk of errors, compliance issues, and other potential risks that can impact your business.

Don't let inconsistent data hold your organization back. Contact us today to learn how our solutions can help ensure data consistency and accuracy across your systems and processes.

Visit our contact page to learn more.

Completeness Solutions for Enterprise-Scale Data

In today's data-driven era, enterprises need to have accurate, complete, and up-to-date data to make informed business decisions and gain a competitive edge. However, maintaining the quality of such vast and complex data can be a daunting task for businesses. At ExactBuyer, we offer completeness solutions that provide comprehensive data mapping, merging, and enrichment to help companies overcome these challenges and improve their data quality.

Data Mapping

Our data mapping solutions enable businesses to map, organize, and categorize their data from various data sources into a structured format. By doing so, it becomes easier to identify duplicate entries, fill in missing information, and ensure consistency across all data fields.

Data Merging

We also provide data merging solutions that bring together data from multiple sources and consolidate them into a single platform. This process helps to eliminate redundancies, reduce data silos, and ensure that all data points are aligned and consistent across the enterprise.

Data Enrichment

Our data enrichment solutions help businesses to improve their understanding of their customers, suppliers, and other stakeholders by adding additional information to existing data. This includes adding missing contact information, demographic details, and behavioral data to create a more comprehensive and accurate view of their target audience.

Overall, our completeness solutions are critical for businesses that rely on data to make informed decisions. By ensuring data accuracy, completeness, and consistency, enterprises can gain a competitive advantage, enhance their operational efficiency, and drive growth.

Conclusion

At ExactBuyer, we provide enterprise-level data quality solutions that can help businesses build more targeted audiences and improve their overall data quality. Our real-time contact and company data, audience intelligence, and AI-powered search capabilities can help businesses find new accounts, top talent, and ideal partners to help grow their business.

Our success metrics speak for themselves, with businesses reporting significant increases in booked demos, qualified deals, positive replies, and time saved on list building.

We offer a range of pricing plans to suit the needs of any business, including unlimited real-time employment updates and company search, native integrations with popular CRMs like Hubspot and Salesforce, and access to over 270 million verified candidates with direct contact information and social details.

If you're interested in learning more about how our solutions can improve your data quality and help grow your business, please don't hesitate to contact us. Our team of experts is always happy to answer your questions and provide a customized solution that fits your specific needs.

How ExactBuyer Can Help You

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