Data driven is going to be the new norm for enterprises and businesses all across the globe. It will be the survival of the fittest in this regard only. Most of the organizations are generating massive amounts of data (organized, unorganized, structured, unstructured, specialized, generic, normal, etc.). It is the organizations those master the art of managing this data are going to innovate faster, mange their customers and business better, continuously improve through real-time feedback and responses, and make smarter business decisions. As a matter of fact, all this is very much possible realistically with the help of actual data. This, in turn, drives business growth, improves efficiency, and provides a clear cut competitive advantage over its peers in the market.
According to recent industry analysis, finance department in organizations is spending 75% of time in 2020 in analytics as compared to 25% in 2015 in order to cut costs, improve security, and better insights. Similarly there has been a 375% of increase in analytics spending by marketers in 2020 as compared to what they were spending in 2017 to improve customer acquisitions, retention, and loyalty. Another research shows there has been 4x faster quota attainment by Sales teams that use analytics. This is possible only because analytics provides them in-depth customer knowledge and personalization. 70% of HR teams are in the midst of major data projects for decision making to improve recruiting and career development and success.
As per Gartner, the average cost of poor data quality on businesses amounts to somewhere between $9.7 million and $14.2 million annually. At the macro level, bad data is estimated to cost the US more than $3 trillion per annum. That is why most of the enterprises across the globe rely on Naveego to experience complete data accuracy and become confident in their decisions. As per the new normal set by Naveego, a disparate workforce does not mean disparate data. Naveego helps in keeping enterprise teams in-sync whether they are functioning on premise or remote. Naveego Announces Complete Self-Service Data Integration with Built-in Master Data Management to Ensure Highest Levels of Data Quality, Accuracy and Governance. It provides cloud-native data Integration and replication that seamlessly connects and transforms all data sources for analytics-ready data on demand for business users with no coding or IT resources required.
Naveego©, an emerging leader of cloud-native, distributed data accuracy solutions, today announced the next generation of its Complete Data Accuracy PlatformTM. The new release delivers end-to-end, self-service data integration with built-in Master Data Management (MDM) to ensure the highest levels of data quality, accuracy and governance. New data integration and replication capabilities seamlessly connects and transforms all data sources for analytics-ready data on demand for business users and data scientists – with no coding or IT resources required.